Last checked at 17 Oct 2014 07:00
AIM: CMH
CHAMBERLIN plc
("Chamberlin" or "the Company")
Major Contract Win
Chamberlin, the specialist foundry and engineering group, is pleased to announce that its light castings foundry at Walsall has won a new contract worth €6.7m over a four year term with a leading European automotive industry components and parts supplier in a competitive tender process. The contract, for the supply of turbo charger bearing housings for diesel engines in passenger cars, commences on 1 January 2015 and is expected to contribute revenues of €1.6m in its first year.
The contract win underpins current market forecasts for Chamberlin.
The company expects to announce its half year results for the six months to 30 September 2014 on 25 November 2014.
Kevin Nolan, Chief Executive of Chamberlin, commented,
"I am delighted to announce this major contract win for our Walsall foundry. It demonstrates the foundry's ability to compete on a truly global footprint in its specialisation - the design of small castings with complex internal passages produced in high volumes."
Enquiries
Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director |
| T: 01922 707100
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Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook / Carl Holmes |
| T: 020 7149 6000 |
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KTZ Communications (Financial PR) Katie Tzouliadis / Deborah Walter | T: 020 3178 6378 |