29th Sep 2005 07:00
Tanfield Group PLC29 September 2005 Tanfield Group Plc Smith Electric Vehicles and Dairy Crest The Tanfield Group Plc ('Tanfield") is pleased to announce that Dairy CrestLimited ("Dairy Crest") is proposing to transfer the majority of its householdvehicle fleet maintenance activity to Tanfield's subsidiary, Smith ElectricVehicles ("SEV"), effective from Sunday 16th October 2005. This will involve: 1. The service and maintenance of 2,200 vehicles, of which over 1,100 areelectric, covering the whole of the South of England; and 2. The replacement of a percentage of these vehicles every year on a contracthire full maintenance basis. The vehicles are based at 104 Dairy Crest depots and SEV will undertake majorwork from main Dairy Crest workshops at Ashford, Farnham, Southampton, Bristoland Totnes. The proposed purchase contract which has a worth of nearly £6 million per yearincludes provision for SEV to take on 78 people transferring on TUPE from DairyCrest. SEV's fleet maintenance wing currently employs more than 80 qualifiedservice engineers, who maintain over 3,000 vehicles for a range of clientsacross the UK. The transferring employees are also skilled, qualified engineersand will provides extensive field engineering capability in the South of Englandto support roll out of the new electric vehicles that SEV is bringing to themarket. The Directors believe that this transfer will both have a significantimpact upon the growth of SEV and will support its existing business. For further information call: Tanfield Group PlcRoy Stanley - Chief Executive - 01207 521111 Daniel Stewart & CoRuari McGirr - 020 7374 6742 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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