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CHAMBERLIN PLC NEX:CMH.GB NEX Ordinary Share GB0001870228
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  0.00 0.0% 25.50 23.00 28.00 25.50 25.50 25.50 0.00 07:35:41
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Chamberlin PLC Contract award for Scunthorpe foundry

06/12/2019 7:00am

UK Regulatory (RNS & others)


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Chamberlin PLC

06 December 2019

AIM: CMH

6 December 2019

CHAMBERLIN PLC

("Chamberlin" or the "Company")

Contract award for Scunthorpe foundry

Chamberlin, the specialist castings and engineering group, is pleased to announce the award of a significant new order for Russell Ductile Castings Limited, Chamberlin's iron and steel casting foundry based in Scunthorpe. The new order is for the supply of flap valves for the construction of the Thames Tideway Tunnel.

The initial order is for GBP0.9 million and represents approximately 50% of the total value of the contract which is worth up to GBP1.8 million. Production of the valves will commence in the current financial year, although the full benefit of the order will be seen through 2020 and beyond.

Kevin Nolan, Chief Executive of Chamberlin commented:

"In securing this very material order it is pleasing to note that Russell Ductile Castings is one of only a few foundries based in the UK capable of producing the cross section of complex castings required for this project. This order will go a long way towards securing production at the Scunthorpe facility for the foreseeable future".

Enquiries

 
Chamberlin plc                              T: 01922 707100 
 Kevin Nolan, Chief Executive 
 Neil Davies, Finance Director 
 
Cenkos Securities plc (Nominated Adviser    T: 020 7397 8900 
 and Broker) 
 Russell Cook 
 Katy Birkin 
 
KTZ Communications (Financial PR)           T: 020 3178 6378 
 Katie Tzouliadis 
 Dan Mahoney 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 06, 2019 02:00 ET (07:00 GMT)

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