First Purchase Order for Delivery Crates

RNS Number : 8807Q

Coral Products PLC

23 June 2015

 

23 June 2015

CORAL PRODUCTS PLC

("Coral" or the "Company")

First Purchase Order for Delivery Crates

Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside, is pleased to announce that it has received its first purchase order for volume production of specially designed crates for use in on-line delivery centres with a total value of £1.1 million.

The order, which follows from the Company's announcement in its half yearly report on 8 December 2014 that production had been delayed, forms part of the ten year supply agreement signed in June 2014. Deliveries of the crates are scheduled to commence in August 2015 and completion is expected in January 2016.

Chairman Joe Grimmond commented: "We are delighted to report this first purchase order and we are confident of further orders to come for this exciting new product range."

Enquiries

Coral Products plc Joe Grimmond, Executive Chairman	Tel: [phone]
Nominated Adviser Cairn Financial Advisers LLP Tony Rawlinson / Avi Robinson	Tel: [phone]
Broker Daniel Stewart & Company plc David Lawman / David Coffman	Tel: [phone]
PR Capital Markets Consultants Limited Richard Pearson	Tel: [phone]

 

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