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Tricorn

Tricorn Group - Long Term Supply Agreement

RNS Number : 4754Q
Tricorn Group PLC
30 November 2016
 

 

 30 November 2016

Tricorn Group Plc 

("Tricorn" or the "Group")

Long Term Supply Agreement

Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist announces that its USA operation, Franklin Tubular Products, which is part of the Group's Transportation Division, has secured a Long Term Supply Agreement with one of its key strategic customers. The agreement, which is initially for 5 years, is expected to generate around $9.6m (£7.74m) of revenue from current products. 

 

David Leakey, Sales Director of Tricorn, commented: "This is an important customer for us and I am delighted we have been able to secure this level of business going forward. It provides a solid platform from which to build and reflects the Group's growing reputation for outstanding operational performance."

 

The Group's interim results are expected to be announced on 7 December 2016.

 

For further information please contact:

 

Tricorn Group plc                 


Mike Welburn, Chief Executive     

Tel +44 (0)1684 569956

Phil Lee, Group Finance Director

www.tricorn.uk.com



Stockdale Securities Limited      


Tom Griffiths

Henry Willcocks

Tel + 44 (0)20 7601 6100

 

Notes to Editors:

Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.

Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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