Contract award for Walsall foundry

RNS Number : 8844V

Chamberlin PLC

06 December 2019

 

AIM: CMH

6 December 2019

CHAMBERLIN PLC

("Chamberlin" or the "Company")

Contract award for Walsall foundry

Chamberlin, the specialist casting and engineering group, is pleased to announce the successful award of new business to supply iron castings, out of the Walsall based foundry to Roadcraft Safety Products ("Roadcraft") based in Somerset.  Roadcraft is a key supplier of "cats eyes" to the UK and a number of overseas highways agencies.

Production has now commenced and is expected to reach approximately £0.4 million per annum. Chamberlin's Walsall foundry continues as one of the UK's principal high volume suppliers of bearing housings to the European automotive sector.  The ongoing contract with Roadcraft represents an opportunity to diversify the customer base of the Walsall foundry beyond the automotive sector.

Kevin Nolan, Chief Executive of Chamberlin commented:

"It is particularly pleasing to be awarded this new business with a new customer outside of the automotive sector in order to reduce our reliance on the production of bearing housings to the automotive sector, upon which our reputation has been built".

Enquiries

Chamberlin plc Kevin Nolan, Chief Executive Neil Davies, Finance Director		T: 01922 707100
Cenkos Securities plc (Nominated Adviser and Broker) Russell Cook Katy Birkin		T: 020 7397 8900
KTZ Communications (Financial PR) Katie Tzouliadis Dan Mahoney		T: 020 3178 6378

 

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