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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zirax | LSE:ZRX | London | Ordinary Share | GB00B0T9VS23 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 2569E Zirax PLC 25 September 2008 Zirax plc ("Zirax" or the "Company") Second Moscow De-Icing Contract Win Zirax plc ("Zirax" or the "Company"), the AIM quoted speciality chemical company focused on the development, production and sale of oilfield process chemicals and de-icing solutions is pleased to announce that it has won a second contract this year to supply an additional 8,000 Metric Tonnes ('MT') of calcium chloride based de-icers to Moscow City Council for its 2008/09 winter season. In June 2008, Zirax announced that it had won a contract to supply 15,000 MT to Moscow City Council, which together with today's announcement means the Company will supply the council with 23,000 MT during the upcoming winter season, representing $6.6m in revenues. This is a 5,000 MT reduction in sales compared to the winter season 2007/08 in Moscow. The Company is delighted to be supplying its de-icing products to Moscow for a sixth consecutive year. Zirax's de-icing products are more efficient, as they penetrate the ice quicker than most other de-icers, melting ice and snow at temperatures up to -35° Celsius, and better meets the environmental concerns of governments and local authorities, such as Moscow City Council, because of the significantly smaller quantities required to achieve better results. Zirax continues to pursue other de-icing opportunities, and as announced earlier this month, signed an agreement with Bucharest City Council to increase the supply of product following successful trials in Romania last year. Commenting on this announcement, Valery Andosov, Chief Executive of Zirax said: "We are delighted that Moscow City Council has awarded us this second contract to supply them with Zirax's value added de-icing product, IceMelt*. Moscow still remains an important account for Zirax and we look forward to continuing our working relationship with the council." About Zirax Zirax is a speciality chemical company manufacturing and supplying oilfield process chemicals and de-icing solutions to a global customer base. Zirax is the second largest supplier of calcium chloride pellets globally and the leading supplier in the Eastern Hemisphere. Zirax is quoted on AIM section of the London Stock Exchange (ticker: ZRX), is headquartered in London and has supply sources based in Western Europe and Russia. More information is available at http://www.zirax.com Enquiries: Zirax Valery Andosov, CEO T: +7 (495) 730 9559 Fenlon Dunphy, CFO T: +44 (0)20 7868 1694 Hanson Westhouse Limited Tim Metcalfe T: +44 (0)20 7601 6100 Richard Baty Metropol (UK) Limited Alexander Selegenev T: +44 (0)20 7439 6880 Cardew Group Tim Robertson T: +44 (0)20 7930 0777 David Roach Daniela Cormano This information is provided by RNS The company news service from the London Stock Exchange END MSCSESFWLSASESU
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