30th Nov 2016 07:00
30 November 2016
Tricorn Group Plc
("Tricorn" or the "Group")
Long Term Supply Agreement
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist announces that its USA operation, Franklin Tubular Products, which is part of the Group's Transportation Division, has secured a Long Term Supply Agreement with one of its key strategic customers. The agreement, which is initially for 5 years, is expected to generate around $9.6m (£7.74m) of revenue from current products.
David Leakey, Sales Director of Tricorn, commented: "This is an important customer for us and I am delighted we have been able to secure this level of business going forward. It provides a solid platform from which to build and reflects the Group's growing reputation for outstanding operational performance."
The Group's interim results are expected to be announced on 7 December 2016.
For further information please contact:
Tricorn Group plc | |
Mike Welburn, Chief Executive | Tel +44 (0)1684 569956 |
Phil Lee, Group Finance Director | www.tricorn.uk.com |
Stockdale Securities Limited | |
Tom Griffiths Henry Willcocks | Tel + 44 (0)20 7601 6100 |
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.
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