6 Dec 2019 07:01
AIM: CMH
6 December 2019
CHAMBERLIN PLC
("Chamberlin" or the "Company")
Contract award for Walsall foundry
Chamberlin, the specialist casting and engineering group, is pleased to announce the successful award of new business to supply iron castings, out of the Walsall based foundry to Roadcraft Safety Products ("Roadcraft") based in Somerset. Roadcraft is a key supplier of "cats eyes" to the UK and a number of overseas highways agencies.
Production has now commenced and is expected to reach approximately £0.4 million per annum. Chamberlin's Walsall foundry continues as one of the UK's principal high volume suppliers of bearing housings to the European automotive sector. The ongoing contract with Roadcraft represents an opportunity to diversify the customer base of the Walsall foundry beyond the automotive sector.
Kevin Nolan, Chief Executive of Chamberlin commented:
"It is particularly pleasing to be awarded this new business with a new customer outside of the automotive sector in order to reduce our reliance on the production of bearing housings to the automotive sector, upon which our reputation has been built".
Enquiries
Chamberlin plc Kevin Nolan, Chief Executive Neil Davies, Finance Director | T: 01922 707100
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Cenkos Securities plc (Nominated Adviser and Broker) Russell Cook Katy Birkin | T: 020 7397 8900 | |
KTZ Communications (Financial PR) Katie Tzouliadis Dan Mahoney | T: 020 3178 6378 |
Chamberlin Plc (CMH)