20th Apr 2016 07:22
LONDON (Alliance News) - Waste management company Augean PLC on Wednesday said it has signed several contracts with an unnamed set of existing customers to treat and dispose of air pollution control residues.
The contracts, won after a competitive tender process, are in line with Augean's push to grow in the APCR market. They will include the retention of an estimated annual 24,000 tonnes, plus a further 25,000 tonnes, of which 13,000 tonnes will be incremental in 2016.
The contracts will terminate no earlier than December 2019, Augean said, with a two-year extension option in place. No financial details were disclosed.
"We are delighted to be awarded these contracts, which align with a key strategic aim of the group to expand our contracted revenue base in growth markets with our specialist hazardous waste services," said Stewart Davies, Augean's chief executive.
Augean shares were up 3.9% to 46.50 pence early Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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