HAMP.L Regulatory News (HAMP)

4 Apr 2008 07:01

Hampson Industries PLC04 April 2008 4 April 2008 Hampson secures further major contract to supply turbo charger sub-assemblies Hampson Industries PLC ('Hampson'), the international aerospace and precisionengineering group, announces that its Automotive Turbocharger division hastoday signed a long term agreement with a major European customer for thesupply, on an exclusive basis, of close tolerance shaft and wheel assembliesfor high performance turbochargers to be used in passenger car applications. The agreement, expected to be worth in excess of £15m over the five year periodto 2013, represents the largest single contract won by the division and,together with other recent contract wins, represents a significant source offuture growth for the division. Commenting on the agreement, Hampson's Chief Executive, Kim Ward, said: "This latest contract win attests not only to the strength of Hampson'sengineering expertise, but also to our position as global manufacturingtechnology leaders in the independent supply of close tolerance shaft andturbine wheel assemblies for a range of latest generation turbochargerapplications. "Hampson is ideally positioned to benefit from growing long-term demand forturbochargers emanating from the continuing penetration of "clean diesel"engines in light vehicles and the growing fitment of turbochargers to gasolinedirect injection engines, in the global passenger car markets." Ends Further information: Kim Ward, Chief Executive +44 (0)1384 472941 Howard Kimberley, Finance Director +44 (0)1384 472946 Marylene Guernier, M:Communications +44 (0)20 7153 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 Approximately 85% of the Group's sales are derived from its aerospaceactivities, the balance from the market for automotive turbocharger components. 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