Brief: Concentric Secures Precision Machining Component Contract In North America

Concentric AB

22/05/2023 07:06

May 22 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC SECURES MAJOR PRECISION MACHINING COMPONENT
CONTRACT
IN NORTH AMERICA
    * HAS BEEN AWARDED A LARGE CONTRACT FOR PRECISION MACHINED
COMPONENTS IN NORTH AMERICA, WITH AN EXISTING GLOBAL OEM
CUSTOMER.
    * NEW BUSINESS OBTAINED BY CONCENTRIC, IS EXPECTED TO YIELD
AROUND
55 MSEK IN ANNUAL SALES
    * DELIVERIES ARE SCHEDULED TO START IN Q2 OF 2024.
    * CONTRACT IS OPEN-ENDED AND WILL SPAN LIFE TIME OF
APPLICATION,
WHICH BASED ON PAST EXPERIENCE WITH THIS CUSTOMER, WILL BE 10+
YEARS.

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

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