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Directa Plus says Setcar subsidiary bags US$3mln contract

Setcar will perform collection and management of the different types of waste generated during production by Cummins Generator Technologies Romania

Directa Plus PLC -

Directa Plus PLC (LON:DCTA) has revealed that its Setcar has bagged its third major contract win since the AIM-listed company bought a controlling stake in November 2019.

Setcar has signed a contract to supply total waste management services to Cummins Generator Technologies Romania, a part of the Fortune 500 company, Cummins.

The contract is valued at around US$3mln over three years from October 1, 2020.

Directa Plus's Grafysorber technology will be used in the services provided by Setcar.

"This third major contract win since acquiring Setcar as a subsidiary illustrates the potential for growth in our key environmental vertical. We hope to demonstrate further market penetration in industrial and oil and gas markets as we continue to roll out Setcar's services during the remainder of 2020," Giulio Cesareo, the founder and chief executive officer of Directa Plus said in a statement.

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Price: 82 GBX

Market: AIM
Market Cap: £50.16 m

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