Clyde Process Solutions plc - £1.7 million order secured
| Press Release | 17 December 2009 |
Clyde Process Solutions plc
(“CPS” or the “Group”)
£1.7 million order secured from leading food producer
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 £1.7 million contract with a leading global supplier of cereals, snacks and processed foods.
CPS will supply this customer with an ingredient handling system at one of their largest production facilities located in the north central region of the US. CPS will utilise its pneumatic conveying technology to handle all the ingredients used in the manufacture of their new cereal product.
Commenting on this contract win, Alex Stewart, Chief Executive of Clyde Process Solutions plc said: “We are delighted to have secured one of our largest orders in the food industry in this financial year. Our global subsidiaries continue to focus on building our order book by converting the significant sales pipeline of opportunities we have generated across many of our key customer markets.
“This contract, which has been secured in line with management expectations, strengthens our presence within the US food market as well as our order book for the next financial year. We are hopeful that our relationship with this customer will lead to additional orders in the future.”
-Ends-
For further information please contact:
| Clyde Process Solutions plc | |
| Alex Stewart, Chief Executive | Tel: +44 (0) 1355 575 000 |
| www.clydeprocesssolutions.com |
| Nominated Adviser | |
Stuart Lane / Antony Legge Astaire Securities plc |
Tel: +44 (0) 20 7448 4400 |
| Broker | |
| Chris Hardie | Tel: +44 (0) 207 614 5900 |
| Arden Partners |
| Abchurch | |
| Sarah Hollins / George Parker george.parker@abchurch-group.com | Tel: +44 (0) 20 7398 7700 |
Notes to Editors
Clyde Process Solutions (“CPS”) 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 value-adding, energy saving and environmentally efficient solutions, which are used to handle the raw materials required to produce commodities such as metals, cement, chemicals, ethanol and foods. The use of pneumatic conveying and air filtration technologies enables CPS’s clients to solve challenges associated with other methods of conveying, including the control of 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 complemented by operations in Europe, North America, China, South America and South Africa, and uses its technologies to improve the operational effectiveness of their customers’ production processes.
The Group has two principal subsidiaries, which both provide a wide range of solutions utilising pneumatic conveying, air filtration, pneumatic injection and valve technologies:
| MAC Equipment (“MAC”), headquartered in Kansas City, USA, is focused on the design, engineering and manufacturing of customised systems to customers in manufacturing environments, including food, chemicals, building products, plastics, ethanol and biodiesel industries. MAC’s customers include PepsiCo and BASF. |
| Clyde Materials Handling (“CMH”), headquartered in Doncaster, UK, provides solutions to a global and diverse customer base which primarily operates in the metals and minerals markets. CMH’s customers include, Codelco, Corus, BPB, P&G and Lafarge. Focused on the innovation, design and engineering of tailored solutions, CMH has helped generate an array of operational, economic and environmental benefits within its customers’ processes. |
CPS has over 40 years of experience in the pneumatic conveying and air filtration industry, backed by a wealth of process knowledge. The Group employs close to 500 staff throughout 10 worldwide offices to support its global customer base.
Clyde Process Solutions (CPSP.L) listed on the AIM market of the London Stock Exchange in July 2006 and is included in both the FTSE Industrial Engineering sector and the FTSE Environmental Markets index.
For further information, please see www.clydeprocesssolutions.com

