Contract Extension

RNS Number : 5723O

Wincanton PLC

23 September 2013

 



For Immediate Release                                                       23 September 2013

Wincanton PLC

('Wincanton' or the 'Group')

Contract Extension

Valero contracts accelerate Wincanton's position as leading energy supply chain partner

Wincanton, a leading provider of supply chain services in the UK & Ireland, today announces that Valero (formerly Chevron), the world's largest independent petroleum refiner, has confirmed that it has extended and expanded its partnership with Wincanton.

The Wincanton Valero partnership, which has spanned almost 20 years, will now continue for at least another five years. In addition, Wincanton has been awarded a new, five year contract to take over the scheduling and planning of its deliveries, including taking and managing customer orders.

The contract renewal will see Wincanton operate out of Valero's network of UK terminals, transporting more than two billion litres of fuel a year for the business.

The new management contract will see Wincanton operate a 24/7 service on behalf of Valero, taking up to 600 customer orders a day before scheduling and planning delivery to more than 1,000 UK locations.

Commenting on the announcement, Wincanton CEO Eric Born commented:

 "We are delighted to be expanding our relationship with Valero and are looking forward to finding further opportunities to develop new and innovative ways of adding value to our partnership.

"Today's announcement confirms Wincanton's position as a market leader in the sector, with a proven capability to deliver value added services that are usually out of scope within a traditional fuels distribution model."

For further information please contact:

Wincanton plc
Eric Born, Chief Executive	01249 710 000
Adrian Colman, Group Finance Director
Buchanan
Jeremy Garcia / Gabriella Clinkard	020 7466 5000

 

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