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2009-10-09 07:01
Clyde Process Solutions PLC - New Order Awarded |
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9 October 2009
Clyde Process Solutions plc (AIM: CPSP), a global provider of pneumatic conveying and air filtration solutions for process industries, announces that it has been awarded a £1.1 million order by one of the world's leading cement producers. This new order has been secured for deployment within one of the cement producer's plants located in Eastern Europe. CPS will supply this plant with a pneumatic conveying system that will be utilised to transport fly ash within their cement producing facility. Fly ash is a waste material produced predominately from the power generation industry when burning coal. Fly ash is commonly used as an alternative material and fuel across a wide range of process industries. The cement industry utilises fly ash as an alternative material to mineral in the production of finished cement. As such, the cement industry represents a significant opportunity for the Group with this order providing a basis for future growth. Commenting on this order, Alex Stewart, Chief Executive of Clyde Process Solutions plc said: "This is a significant order to have secured within the European cement market and from one of the world's leading cement producers. Our ability to communicate the return on investment and energy efficient benefits of our technology against strong competition was an integral element in securing this order from this customer. "The order, which is our first fly ash pneumatic conveying project for the cement industry, was secured at a competitive level of contribution and in line with management expectations. This contract win will form the launchpad of an additional sales strategy for the cement industry. "Our sales pipeline of opportunities within the cement industry has grown, particularly within Europe in the last quarter, and we will aim to secure additional orders from this industry before the end of this financial year." For further information please contact:
Clyde Process Solutions plc
Nominated Adviser
Dowgate Capital Advisers Limited
Broker
Arden Partners Media enquiries:
Abchurch
Notes to Editors Clyde Process Solutions plc is a global provider of pneumatic conveying and air filtration 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:
environments, including food, chemicals, building products, plastics,
markets. Focused on the innovation, design and engineering of tailored
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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