23 June 2015
CORAL PRODUCTS PLC
("Coral" or the "Company")
First Purchase Order for Delivery Crates
Coral Products plc, a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside, is pleased to announce that it has received its first purchase order for volume production of specially designed crates for use in on-line delivery centres with a total value of £1.1 million.
The order, which follows from the Company's announcement in its half yearly report on 8 December 2014 that production had been delayed, forms part of the ten year supply agreement signed in June 2014. Deliveries of the crates are scheduled to commence in August 2015 and completion is expected in January 2016.
Chairman Joe Grimmond commented: "We are delighted to report this first purchase order and we are confident of further orders to come for this exciting new product range."
Enquiries
Coral Products plc Joe Grimmond, Executive Chairman |
Tel: 07703 518 148 |
Nominated Adviser Cairn Financial Advisers LLP Tony Rawlinson / Avi Robinson |
Tel: 020 7148 7900 |
Broker Daniel Stewart & Company plc David Lawman / David Coffman |
Tel: 020 7776 6550 |
PR Capital Markets Consultants Limited Richard Pearson |
Tel: 07515 587184 |
