16 Nov 2018 08:20
Management Resource Solutions plc
EPIC: MRS
16th November 2018
Management Resource Solutions plc
("MRS" or "the Company")
MRS Services Group secures the refurbishment of 6 excavators
MRS Services Group has secured a contract for the structural refurbishment of six front line excavators in upcoming shut down projects.
The first project commences in late November 2018 with the remaining five shut down projects starting in January 2019.
The work will be carried out on and off site at our one stop service facility.
The estimated value of the contract is AUD$1.5 - 1.6 million.
The scope of the work is to conduct structural refurbishment and programed component replacement to these six excavator units to achieve optimum service availability to meet production performance targets.
Installation of our patented "Hydraulic Isolator" will also be carried out on two of the machines.
Paul Brenton CEO said, "its very pleasing to lock in a longer-term contract, usually these types of projects come to us one at time. The six month contract is a reward for the hard work the team has delivered and, demonstrates the true value of MRS, a diversified fabrication and maintenance service offering - the Hunter Valley's one stop shop for mining fabrication and maintenance."
For further information:
Management Resource Solutions plc
John Zorbas, Chairman +1 (0) 778 938-7631
Paul Brenton, CEO +61 (0) 401 072 464
Tim Jones, Finance Director +44 (0) 79 6644 2985
Northland Capital Partners Limited +44 (0) 20 3861 6625
(Nominated Adviser and Joint Broker)
Tom Price
Jamie Spotswood
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(Joint Broker)
Charles Goodfellow
Lucy Williams
About MRS
Management Resource Solutions plc (MRS), through its subsidiaries Bachmann Plant Hire and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, earthmoving, road construction and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately for the mining, civil engineering, construction and infrastructure industries.
Further information on the Company can be found at http://www.mrsplc.info