Plymouth Rubber (AMEX:PLR.B)
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From May 2019 to May 2024
Plymouth Rubber Company, Inc. Extends Global Automotive Tapes
Contract
CANTON, Mass., Oct. 21 /PRNewswire-FirstCall/ -- Plymouth Rubber Company, Inc.
(AMEX:PLR.AAMEX:PLR.B) today announced that it has been awarded a new global
agreement to supply tapes used by a leading Tier 1 supplier of automotive
electrical distribution systems (wire harnesses). The agreement extends
through calendar year 2006 and covers requirements in Asia, the Americas, and
Europe. The agreement is estimated at $50 million for the term. Plymouth has
supplied harness tapes to this automotive supplier for over 35 years, and has
had similar agreements in effect since 1988.
"This new contract reflects Plymouth's world leadership in automotive harness
tapes, achieved through years of working in close partnership with our
customers to help improve quality, lower costs, and increase productivity in
their harness assembly operations," commented Maurice J. Hamilburg, Plymouth's
President and Co-CEO.
Plymouth Rubber Company, Inc. manufactures and distributes plastic and rubber
products, including automotive tapes, insulating tapes, and other industrial
tapes and films. The Company's tape products are used by the electrical supply
industry, electric utilities, and automotive and other original equipment
manufacturers. Through its Brite-Line Technologies subsidiary, Plymouth
manufactures and supplies highway marking products.
This release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. The Company's actual results could differ materially
from those set forth in the forward-looking statements as a result of various
factors, including those referenced in the "Management's Discussion and
Analysis" section of the Company's most recent Annual Report on Form 10-K,
which is on file with the SEC.
Contact:
Joseph J. Berns
Vice President - Finance
(781) 828-0220 Ext. 1377
DATASOURCE: Plymouth Rubber Company, Inc.
CONTACT: Joseph J. Berns, Vice President - Finance of Plymouth Rubber
Company, Inc., +1-781-828-0220 Ext. 1377
Web site: http://www.plymouthrubber.com/