HAMP.L Regulatory News (HAMP)

20 Mar 2008 07:00

Hampson Industries PLC20 March 2008 Hampson extends relationship with Borg Warner Hampson Industries PLC ('Hampson'), the international aerospace and precisionengineering group, announces it has entered into an agreement with Borg WarnerTurbo and Emissions Systems ("Borg Warner") to supply shaft and wheel assembliesfor high performance turbochargers for various passenger car applications. The agreement not only extends and secures an existing important tradingrelationship, but contemplates a 20% increase in the volume of shaft and wheelproduct supplied to Borg Warner over the next two years. Commenting on the agreement, Hampson Group Chief Executive, Kim Ward, said: "This long term agreement with Borg Warner enables us to partner a key customermore closely and efficiently as global demand for turbochargers continues torise in passenger car and light vehicle markets. As legal restrictions becomemore stringent and environmental taxes on vehicle emissions continue to rise inmost major economies, we continue to expect growth in this market and remainvery confident of securing further new business as a result. This arrangementrepresents a significant strategic development in our Automotive Turbochargerdivision." Ends Further information: Kim Ward, Chief Executive +44 (0)1384 472941 Howard Kimberley, Finance Director +44 (0)1384 472946 Jonathan Gollins/Marylene Guernier, M:Communications +44 (0)207 153 1269 About Hampson: Hampson Industries PLC is listed on the main market of the London Stock Exchange(Symbol: HAMP). The Group's operations are structured into three businesssegments, serving primarily the global commercial and military aerospace andspecialist engineering markets, from manufacturing facilities in the UK, NorthAmerica and India Each of Hampson's businesses are bound by the common thread of supplyinghighly-engineered products for demanding end-use applications. Whether as highcomplexity components using niche manufacturing processes, or as part ofinnovatively engineered, fully-integrated assemblies, Hampson's products aretypically found across the world, in arduous operating environments, whereverthe highest levels of performance are demanded; on land, sea, in the air or inspace. Approximately 85% of the Group's sales are derived from its aerospaceactivities, the balance from the specialist market for automotive turbochargercomponents. The Hampson group employs over 1,900 people worldwide. For more information onHampson: www.hampsongroup.com This information is provided by RNS The company news service from the London Stock Exchange