17 Oct 2014 07:00

AIM: CMH
CHAMBERLIN plc
("Chamberlin" or "the Company")
Major Contract Win
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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.
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The contract win underpins current market forecasts for Chamberlin.
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The company expects to announce its half year results for the six months to 30 September 2014 on 25 November 2014.
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Kevin Nolan, Chief Executive of Chamberlin, commented,
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"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."
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Enquiries
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Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director | Â | T: 01922 707100 Â |
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Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook / Carl Holmes | Â | T: 020 7149 6000 |
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KTZ Communications (Financial PR) Katie Tzouliadis / Deborah Walter | T: 020 3178 6378 |
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