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REG - Alumasc Group Plc - Major Order
THE ALUMASC GROUP PLC - ANNOUNCEMENT
26 March 2012
The Alumasc Group plc (ALU.L), the premium Building and Engineering Products group is pleased to announce that it has won a c.£10 million contract to supply an Alumasc Armaseam standing seam roof as part of the modernisation of a large aluminium smelter in Canada.
This work builds on our expertise in this market niche which began when the group supplied a £4 million roof to the Fjardaal smelter in Iceland in 2006, and further projects thereafter.
The majority of the revenue and profit arising from this contract is expected to accrue in Alumasc's financial years ending 30 June 2013 and 30 June 2014.
Paul Hooper, Group Chief Executive, commented:
"It is very pleasing to report a further aluminium smelter related project win which was the result of Alumasc Armaseam's technical solution and which followed a rigorous evaluation over several months."
The Alumasc Group plc
Paul Hooper (Group Chief Executive) Tel: 01536 383821
Andrew Magson (Group Finance Director) Tel: 01536 383844
Simon Bloomfield Tel: 0207 367 8861
This announcement has been drawn up and presented for the purposes of complying with English law. Any liability arising out of or in connection with this announcement will also be determined in accordance with English law. This announcement may contain 'forward-looking statements'. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Many of these risks and uncertainties relate to factors beyond The Alumasc Group's control or which cannot be estimated precisely, such as future market conditions and the behaviour of the market participants. Actual outcomes and results may therefore differ materially from any outcomes or results expressed or implied by any such forward-looking statements.
Nothing in this announcement is intended to be a profit forecast.
This information is provided by RNS