19th Sep 2011 07:00
PAN PACIFIC AGGREGATES PLC
Major Supply Contract Won
Pan Pacific Aggregates plc (the "Company"), the British Columbia based aggregates company, is pleased to announce that one of its major customers has been awarded the contract to supply aggregate for a major construction project within the Fraser Valley.
Pan Pacific's Quadling Quarry will supply up to 100,000 tonnes of aggregate, covering the full range of product, to the customer over a 6 month period. Delivery has commenced.
This order will underwrite over 50% of our budgeted production during this period and demonstrates the progress made by Quadling's management in establishing the quarry as a reliable supplier of aggregate through its consistency of quality and service to its customers.
William Voaden, Managing Director commented:
"This order is our largest to date and will bolster turnover in the normally quieter part of the year and at an improved margin."
For further information please see the Company's web site, www.panagg.com or contact:
Pan Pacific Aggregates plc | Euan McAlpine | Tel: +44 182 925 0576 |
Zeus Capital Limited | Ross Andrews / Aaron Smyth | Tel: +44 161 831 1512 |
Alexander David Securities Limited | David Scott / Bill Sharp | Tel: +44 207 448 9820 |
XCAP Securities plc | John Grant / Karen Kelly | Tel: +44 207 101 7070 |
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