REG - Chamberlin PLC - Contract Award

ChamberlinAnnouncement

04/01/2022 07:00

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RNS Number : 2477X  Chamberlin PLC  04 January 2022

4 January 2022

AIM: CMH

 

CHAMBERLIN PLC

("Chamberlin" or "the Company" or "the Group")

 

Contract award for Russell Ductile Castings Limited

 

Chamberlin, the specialist castings and engineering group, is pleased to
announce the award of a significant new order for Russell Ductile Castings
Limited ("RDC"), Chamberlin's iron and steel casting foundry based in
Scunthorpe.  The new order is for components used in the construction of a
major London based infrastructure project.

 

The order value is £0.8 million and will be completed during the calendar
year 2022.  Production of the components is expected to commence in February
2022 and the Board expects RDC's Q4 performance to benefit from the increased
revenues.

 

This important order strengthens the Company's order book for the current
financial year and is a direct result of RDC's strategy to focus on its class
leading manufacturing competency for large, complex castings and aggressively
pursuing growth opportunities within the infrastructure, environmental and
renewable energy markets.

 

Enquiries:

 

 Chamberlin plc                         T: 01922 707100

 Kevin Price, Chief Executive

 Alan Tomlinson, Finance Director

 Cenkos Securities plc                  T: 020 7397 8900

 (Nominated Adviser and Broker)

 Katy Birkin, Stephen Keys

 

     Peterhouse Capital Limited (Joint Broker)          T: 020 7469 0930

     Lucy Williams

     Duncan Vasey

 

 

 

 

     Peterhouse Capital Limited (Joint Broker)          T: 020 7469 0930

     Lucy Williams

     Duncan Vasey

 

 

 

 

 

 

 

 

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