23rd Jun 2015 07:26
LONDON (Alliance News) - Coral Products PLC shares were trading higher early Tuesday after the company said it has secured its first purchase order for volume production of crates for use in online delivery centres.
Coral, which makes injection-moulded plastic products, said the purchase order is worth GBP1.1 million. Delivery of the crates is due to start in August and is expected to be completed by January 2016.
"We are delighted to report this first purchase order and we are confident of further orders to come for this exciting new product range," said Chairman Joe Grimmond.
Shares in the company were up 13% to 13.9 pence on the news, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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