Last checked at 13 Aug 2008 07:00
Renold plc
("Renold" or the "Company")
Renold Wins Mitsubishi Contract For New York City Metro
Renold plc is pleased to announce that it has been awarded a new $17 million contract by Mitsubishi to supply couplings and gearboxes for the New York City Metro North Transit Authority.
Deliveries under this contract are scheduled to commence in mid 2009 and will be fulfilled over a 2 year period.
The couplings and gears will be used in the propulsion systems for a new fleet of rail cars due to be rolled out in 2009.
Bob Davies, Chief Executive of Renold, commented:
"This is another significant contract win for Renold and augments our order book which at the end of June was already 32% ahead of 12 months ago."
13 August 2008
Enquiries:
| Renold plc | 0161 498 4500 |
| Bob Davies: Chief Executive | |
| Peter Bream: Finance Director | |
| College Hill | 020 7457 2020 |
| Adam Aljewicz |
NOTE FOR EDITORS
Renold plc is a global leader in the manufacture of industrial chains and a wide range of precision engineering products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. Its products are used in a wide variety of industries including transportation, energy, steel, manufacturing and mining. The company has a well deserved reputation for quality that is recognized worldwide.
Following its acquisition in India in 2008 and China in 2007, Renold will have 15 manufacturing plants throughout the world and employ over 3,000 staff.
For more information on Renold, visit www.renold.com