Alumasc Group PLC International Contract Wins (9889H)

TIDMALU

RNS Number : 9889H

Alumasc Group PLC

30 November 2022

THE ALUMASC GROUP PLC

("Alumasc" or the "Group")

International Contract Wins

Alumasc, the premium sustainable building products, systems, and solutions group, is pleased to announce that Gatic, part of the Group's Water Management division, has been awarded a number of new contracts in Asia, with an aggregate sales value of over GBP7.3 million.

Building on earlier successful projects in the region, these contracts are for the supply of Gatic access and drainage products across a number of projects for airports and seaports in Hong Kong, India, the Philippines and Singapore. The contracts are expected to be delivered over the next 12 to 24 months and further strengthen the Group's order book visibility.

Paul Hooper, Chief Executive of The Alumasc Group plc, said:

"These are excellent wins for Alumasc and demonstrate the global reputation of our Gatic products, as well as the significant ongoing opportunity for the Group to supply large international infrastructure projects. In 2022, overseas exports represented 15% of total Group sales and going forward, we see further opportunities to increase our market share in selected markets such as Asia."

Enquiries:

 
 The Alumasc Group plc 
 Paul Hooper, Chief Executive              + 44 (0) 1536 383844 
  Simon Dray, Group Finance Director 
  Helen Ashton, Group Company Secretary     + 44 (0) 1536 383812 
 
 Peel Hunt (Broker)                        + 44 (0)207 418 8831 
 Mike Bell 
 Ed Allsopp 
 
 finnCap (Nominated Adviser)               + 44 (0)207 220 0561 
 Julian Blunt 
 
 Camarco (Financial PR)                    alumasc@camarco.co.uk 
 Ginny Pulbrook                            + 44 (0)203 757 4992 
 Rosie Driscoll                            +44 (0)203 757 4981

Notes to Editors:

Alumasc is a UK-based supplier of premium sustainable building products, systems and solutions. Almost 80% of group sales are driven by building regulations and specifications (developers/housebuilders, architects and structural engineers) because of the performance characteristics offered.

The Group has three business segments with strong positions and brands in their individual markets. The three segments are: Water Management; Building Envelope; and Housebuilding Products.

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November 30, 2022 02:00 ET (07:00 GMT)

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