Last checked at 18 Apr 2018 07:00
Wednesday 18 April 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014
BODYCOTE ENTERS INTO 15-YEAR CONTRACT WITH ROLLS-ROYCE
Bodycote, the world's largest provider of heat treatment and specialist thermal processing services, announces that it has signed a 15-year contract with Rolls-Royce's Civil Aerospace business. The contract is expected to be worth over £160 million in incremental revenues over the 15-year period. Sales will ramp up over the next five years.
Bodycote will provide thermal processing services which include specialized vacuum heat treatment and hot isostatic pressing (HIP), supporting Rolls-Royce's turbine blade casting facilities in Derby and Rother ham, U.K.
The agreement ensures the provision of specialist thermal processing capacity utilizing Bodycote's high performance, quality-focused approach to support the growth of Rolls-Royce's large civil engine programmed; these include the Trent XWB, Trent 1000, Trent 7000, Trent 700 and Trent 900.
Bodycote's core business is to provide services that protect and improve the properties of metals and alloys, extending their operational life and making them safer. The company plays a vital role in the aerospace supply chain.
- Ends -
About Bodycote
With more than 180 accredited facilities in 23 countries, Bodycote is the world's largest provider of heat treating and specialist thermal processing services. Through classical heat treatment and specialist technologies including Hot Isostatic Pressing (HIP), Bodycote improves the properties of metals and alloys, extending the life of vital components for a wide range of industries, including aerospace, defence, automotive, power generation, oil & gas, construction, medical and transportation. Customers in all of these industries have entrusted their products to Bodycote's care for more than 30 years. For more information, visit www.bodycote.com.
For more information, please contact:
Bodycote plc
Fiona Lawrence, Head of Investor Relations
Email: fiona.lawrence@bodycote.com
Tel No +44(0) 1625 505300
FTI Consulting
Richard Mountain
Susanne Yule
Tel No +44 (0) 2037271340