Pan Pacific hardens on major contract win

A major customer of Pan Pacific Aggregates, the British Columbia-based aggregates company, has been awarded the contract to supply aggregate for a major construction project within the Fraser Valley.Pan Pacific's Quadling Quarry will supply up to 100,000 tonnes of aggregate, covering the full range of product, to the customer over a 6 month period. The company said: "This order will underwrite over 50% of our budgeted production during this period and demonstrates the progress made by Quadling's management in establishing the quarry as a reliable supplier of aggregate through its consistency of quality and service to its customers.The order is the group's largest to date and will positively impact the normally quieter part of the year. Shares rose 20% to 0.09p on the announcement.NR