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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January 04, 2022 02:00 ET (07:00 GMT)

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