Clyde Process Solutions plc
("CPS" or the "Group")
CPS wins £1 million contract from leading US producer of PVC
Clyde Process Solutions plc (AIM: CPSP), a provider of customer-driven,
material handling solutions for process industries, announces that it has been
awarded approximately £1 million of orders by the US's leading producer of
polyvinyl chloride (PVC).
CPS's operating subsidiary, MAC Equipment Inc ("MAC"), has secured 4 separate
orders for a total value of approximately £1 million and will provide this
customer with pneumatic conveying, air filtration and process control systems.
These systems will be installed as part of the customer's petrochemical plant
extension project.
The largest of the four orders secured by MAC comprises of two separate
pneumatic conveying solutions, which will transfer PVC resin from railcars to
storage silos within their production facility. A process control package will
be supplied to monitor and control these systems in addition to an air
filtration package used to collect fines from the process.
MAC's extensive range of material handling solutions has provided this customer
with a single source of supply for the transportation of PVC resin within their
extended plant.
Commenting on this new order, Alex Stewart, Chief Executive of Clyde Process
Solutions plc said: "We are pleased to secure further solid contracts for the
Group, which are in line with management expectations. Our diversification
across key customer markets and geographical territories is a strong asset in
these challenging trading conditions. Recent announcements highlighting
contract wins within the food, metal and now petrochemical markets are a
testament to this strength.
"We continue to focus on supporting our key customer markets with energy
efficient, environmentally beneficial solutions and anticipate that the
petrochemical market will become a growing market for our technologies in the
year ahead."
-End-
For further information please contact:
Clyde Process Solutions plc
Alex Stewart, Chief Executive Tel: +44 (0) 1355 575 000
www.clydeprocesssolutions.com
Nominated Adviser
James Caithie Tel: +44 (0) 207 492 4777
Dowgate Capital Advisers Limited
Broker
Chris Hardie Tel: +44 (0) 207 398 1600
Arden Partners
Media enquiries:
Abchurch
Chris Lane / George Parker Tel: +44 (0) 20 7398 7719
george.parker@abchurch-group.com www.abchurch-group.com
Notes to Editors
Clyde Process Solutions plc is a provider of customer-driven, material handling
solutions for process industries. The Group is primarily involved with the
design and implementation of energy efficient, environmentally beneficial
solutions, which are used to handle the raw materials required to produce
commodities such as metals, cement, chemicals and ethanol. The use of pneumatic
conveying and air filtration technologies enables CPS's clients to solve
challenges associated with other methods of conveying, including dust and
material spillage and subsequent possible contamination of both operational
environments and the local communities in which the manufacturing facilities
are based.
The Group has an extensive, global reference list and has used its technologies
to improve the operational effectiveness of their customers' production
processes.
The Group has two principal subsidiaries:
MAC Equipment ("MAC") is a leading provider in the US market, focused
on the design, engineering and manufacturing of customised pneumatic
conveying and air filtration systems to customers in manufacturing
environments, including food, chemicals, building products, plastics,
ethanol and biodiesel industries.
Clyde Materials Handling ("CMH") provides pneumatic conveying,
pneumatic injection and dome valve solutions to a global and diverse
customer base which primarily operates in the metals and minerals
markets. Focused on the innovation, design and engineering of tailored
solutions, CMH has helped generate an array of operational, economic
and environmental benefits within their customers' processes.
Clyde Process Solutions has close to 40 years of experience in the pneumatic
conveying and air filtration industry, backed by a wealth of process knowledge.
The company employs over 500 staff throughout 10 worldwide offices to support
its global customer base.
For further information, please see www.clydeprocesssolutions.com
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