New Orders

RNS Number : 4042Z

Coral Products PLC

06 February 2014

 

                                                                       Coral Products plc

                                                                 ("Coral" or "the Company")

                                                                           New Orders

The Board of Coral is pleased to announce that it attracted significant new orders in January totalling £875,000.

The Company's food packaging subsidiary, Interpack has won four new contracts from four new customers for ice cream containers and salad boxes. These will all be manufactured at Coral's manufacturing facility at Haydock which will further enhance margins achieved. The value of the contracts is approximately £725,000 with deliveries commencing in February 2014.

Following on from the Company's success in achieving framework agreements with EPSO and Scottish Excel, previously announced, a contract has been won to supply Powys County Council with a variety of Coral designed and manufactured recycling containers. The contract has a value of £150,000 and delivery is due in April 2014.

Joe Grimmond, Chairman, commented:

"We are aggressively seeking new business opportunities whilst at the same time maintaining existing business that has growth potential through providing excellent service to our customers. It is highly gratifying that our efforts are bearing good results and we look forward to further success."

ENQUIRIES:

Coral Products plc                             Tel: [phone]

Joe Grimmond, Chairman             Tel: [phone]

Warren Ferster, Chief Executive

Cairn Financial Advisers               Tel: [phone]

Avi Robinson/ Tony Rawlinson

Hume Capital Securities                Tel: [phone]  

David Lawman

Bankside Consultants                    Tel: [phone]

Richard Pearson

 

END

 

 

MSCUGUPAPUPCGQA