Clyde Process Solutions plc

(“CPS” or the “Group”)

£1 million contract win

Executive appointment for petrochemicals market

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 million contract from the US’s leading producer of polyvinyl chloride (“PVC”).

CPS will provide this existing customer with a series of vacuum unloading systems and pneumatic conveying systems handling PVC resin, as well as an air filtration system that will be used to capture process dust.

CPS’s extensive range of material handling solutions will provide this customer with a single source of supply for the transportation of PVC resin as part of the expansion at their petrochemical production facility located in Texas, USA.

In an effort to expand further into the petrochemicals market, which the Group has identified as an industry that could deliver significant future growth, Jan van Bakergem has been recruited to the position of Director of Petrochemicals.  Jan has held a number of senior management positions with some of the leading providers of material handling technologies in the petrochemicals market and will bring significant knowledge and expertise to the Group. Jan will lead the development and implementation of a global petrochemicals strategy based from the Group’s North American operations.

Commenting on this new order and executive appointment, Alex Stewart, Chief Executive of Clyde Process Solutions plc said: “We have identified the petrochemicals market as one that could deliver significant growth for our Group in the coming years and I am delighted to have secured this order with an existing customer, which is in line with management expectations.

“I am also very pleased to welcome Jan to our team. Jan is an extremely experienced and successful senior executive in the petrochemicals market and will play an integral role in the global development of our strategy in this industry.  Jan’s key objectives will be to further penetrate this global market through the development of our technology, routes to market and relationships with key partners and producers.”

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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, Saint Gobain, Procter & Gamble 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 their 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