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Clyde Process Solutions plc - Order Secured from Anglo American

Press Release

15 July 2010

 

Clyde Process Solutions plc

(“CPS” or the “Group”)

 

£1.4 million order secured from Anglo American plc

 

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 contract from Anglo American plc, one of the world’s largest mining companies, which is headquartered in the UK and listed on the London and Johannesburg stock exchanges.

 

Anglo American plc, which operates a portfolio of mining businesses spanning metals and minerals will utilise CPS to supply a complete pneumatic conveying system for its Nickel operation, based in Niquelândia, at the Goiás State in the Centre-East Region of Brazil.

 

Commenting on this contract win, Alex Stewart, Chief Executive of Clyde Process Solutions plc said: “We are delighted to have secured this order from Anglo American plc, a company that has been a tremendous customer of ours in recent years across the precious metals market. Our South American subsidiary has established a strong relationship with Anglo American’s team in Brazil and we look forward to delivering a value-adding solution for their nickel operation.

 

“This order was secured at competitive levels of contribution and is in line with management expectations. We have seen a significant upturn in enquiries across all our key customer markets and geographical territories and we continue to work closely with these prospects in an effort to convert these opportunities into orders during this financial year.”

 

-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

James Caithie

Cairn Financial Advisers                                             Tel: +44 (0) 20 7148 7900

 

 

Broker

Chris Hardie                                                                Tel: +44 (0) 20 7614 5900

Arden Partners           

 

Media enquiries:

Abchurch       

Sarah Hollins / Nick Probert                                       Tel: +44 (0) 20 7398 7715

nick.probert@abchurch-group.com                           www.abchurch-group.com 

 

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, Anglo American, 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