4th Jan 2022 07:00
RNS Number : 2477X
Chamberlin PLC
04 January 2022
4 January 2022
AIM: CMH
CHAMBERLIN PLC
("Chamberlin" or "the Company" or "the Group")
Contract award for Russell Ductile Castings Limited
Chamberlin, the specialist castings and engineering group, is pleased to announce the award of a significant new order for Russell Ductile Castings Limited ("RDC"), Chamberlin's iron and steel casting foundry based in Scunthorpe. The new order is for components used in the construction of a major London based infrastructure project.
The order value is £0.8 million and will be completed during the calendar year 2022. Production of the components is expected to commence in February 2022 and the Board expects RDC's Q4 performance to benefit from the increased revenues.
This important order strengthens the Company's order book for the current financial year and is a direct result of RDC's strategy to focus on its class leading manufacturing competency for large, complex castings and aggressively pursuing growth opportunities within the infrastructure, environmental and renewable energy markets.
Enquiries:
Chamberlin plc Kevin Price, Chief Executive Alan Tomlinson, Finance Director | | T: 01922 707100 | | | | Cenkos Securities plc (Nominated Adviser and Broker) Katy Birkin, Stephen Keys | | T: 020 7397 8900 |
| | |
Peterhouse Capital Limited (Joint Broker) Lucy Williams Duncan Vasey | | T: 020 7469 0930 |
| | |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
[email protected] or visit
www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy.
END
CNTEAKFDEDEAEFA
Related Shares:
CMH.L
