Brief: Concentric Awarded New Contract

Concentric AB

14/06/2021 07:07

June 14 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC AB AWARDED A NEW CONTRACT TO SUPPLY A
SOPHISTICATED
HYDRAULIC FAN MOTOR WITH INTEGRATED VALVE TO A LEADING CHINESE
MATERIAL HANDLING OEM TO CONTROL MACHINE TEMPERATURE
    * AWARDED A CONTRACT TO SUPPLY A HYDRAULIC FAN MOTOR WITH
INTEGRATED VALVE AND CONTROL FUNCTIONS TO A LEADING CHINESE
MATERIAL HANDLING OEM TO CONTROL ENGINE COOLING AND OIL
TEMPERATURE.
    * PRODUCTION WILL START IN 2021 AND SALES REVENUES FROM THIS
NEW
CONTRACT ARE ESTIMATED TO BE WORTH MSEK 35 OVER NEXT FIVE YEARS.

Source text for Eikon:  ID:nWkr4FwYdg 
Further company coverage:  CONIC.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))