Under pressure castings group offers better news to shareholders

UNDER pressure castings group, Chamberlin has been able to provide some welcome upbeat news to shareholders.

The Walsall-based engineering group, which saws its shares dip to a six-year low in May after subdued trading, said its flagship Chuckery foundry had been awarded Most Improved Supplier at a recent supplier conference held in Germany.

The award was made by IHI Charging Systems International, which provides charging systems to the European turbocharger sector.
 
The award recognised Chamberlin’s promotion to Category ‘A’ supplier and makes the company one of only two suppliers to IHI Europe to hold the top supplier status.

Chamberlin said the re-categorisation was significant because it meant the company would now be automatically included in quoting for all future bearing housing opportunities in addition to supporting IHI Europe’s technical requirements for the foreseeable future.
 
Currently, Chamberlin’s Walsall operations supply more than 1.6m parts to IHI Europe, worth approximately £7m per annum. The level of enquiries from IHI Europe has been increasing steadily as the foundry has improved its performance and now stands at an all-time high.  
 
Kevin Nolan, chief executive of Chamberlin, said: “We are delighted to receive this award from one of our major customers, IHI Europe.

“Our flagship foundry at Walsall has successfully completed a period of significant transition as we have upgraded and improved processes.”

He said the promotion to Category ‘A’ supplier was significant because it would open up new opportunities for the firm, especially as it would now be automatically eligible for tending on all future bearing housing opportunities.
 
“Our recent initiative to develop Walsall’s machining capability will support the foundry’s ongoing growth and we look forward to building our existing strong relationship with IHI Europe,” he added.