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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 07:35:20
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Chamberlin PLC Contract award for Walsall foundry

06/12/2019 7:01am

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 Walsall foundry

Chamberlin, the specialist casting and engineering group, is pleased to announce the successful award of new business to supply iron castings, out of the Walsall based foundry to Roadcraft Safety Products ("Roadcraft") based in Somerset. Roadcraft is a key supplier of "cats eyes" to the UK and a number of overseas highways agencies.

Production has now commenced and is expected to reach approximately GBP0.4 million per annum. Chamberlin's Walsall foundry continues as one of the UK's principal high volume suppliers of bearing housings to the European automotive sector. The ongoing contract with Roadcraft represents an opportunity to diversify the customer base of the Walsall foundry beyond the automotive sector.

Kevin Nolan, Chief Executive of Chamberlin commented:

"It is particularly pleasing to be awarded this new business with a new customer outside of the automotive sector in order to reduce our reliance on the production of bearing housings to the automotive sector, upon which our reputation has been built".

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.

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December 06, 2019 02:01 ET (07:01 GMT)

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