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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Porvair Plc | LSE:PRV | London | Ordinary Share | GB0006963689 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -0.32% | 628.00 | 620.00 | 628.00 | 646.00 | 620.00 | 620.00 | 50,139 | 16:20:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chemicals & Chem Preps, Nec | 176.01M | 15.97M | 0.3445 | 18.23 | 291.09M |
From May 2019 to May 2024
Filtration technology firm Porvair PLC (PRV.LN) Wednesday said it has signed an agreement with a division of steel maker POSCO (PKX) to provide equipment to a coal-to-substitute natural gas project in South Korea, adding that the deal will generate revenue of $10-$15 million over the next three years.
Porvair said it will start manufacturing early in 2012, with first deliveries due at the end of the year and subsequent deliveries stretching out through 2013.
"This work with POSCO will go some way to underpinning our order position over the next two years," said Chief Executive Ben Stocks.
The Gwangyang project in South Korea will produce 500,000 tons of substitute natural gas when full operational. Porvair said it will become POSCO's preferred supplier for future substitute natural gas facilities.
At 0824 GMT, Porvair's shares traded up 2.5 pence, or 2.8%, at 92 pence.
-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com
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