Chamberlin PLC Contract Award (2477X)
04 January 2022 - 6:00PM
UK Regulatory
TIDMCMH
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 GBP0.8 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 T: 01922 707100
Kevin Price, Chief Executive
Alan Tomlinson, Finance Director
Cenkos Securities plc T: 020 7397 8900
(Nominated Adviser and Broker)
Katy Birkin, Stephen Keys
Peterhouse Capital Limited (Joint Broker) T: 020 7469 0930
Lucy Williams
Duncan Vasey
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END
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