30th Jun 2015 07:37
LONDON (Alliance News) - Coral Products PLC Tuesday said it has received a second purchase order for volume production of specially designed crates for use in online delivery centres, with a total value of approximately GBP1.0 million.
Coral, which designs, manufactures and supplies injection-moulded plastic products, said the second order forms part of a ten-year supply agreement signed in June 2014. It didn't name the customer for the order.
"This supply contract is significant for Coral and whilst further future orders were anticipated, we are nevertheless delighted that the first order announced on June 23, 2015 has been followed up so quickly with a second," Chairman Joe Grimmond said in a statement.
Shares in Coral were trading up 5.5% at 14.50 pence early Tuesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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