£1.1m cement contract secured by Clyde
CLYDE Process Solutions, the global pneumatic conveying and air filtration systems provider, has won a £1.1m order with “one of the world’s leading cement producers”.
The Doncaster-based group said the new order would be carried out within one of the cement producer’s plants in Eastern Europe.
CPS said it believed the order with the unnamed company would provide a catalyst for future growth, especially in the cement industry.
CPS is to supply the plant with a pneumatic conveying system that will be used to transport fly ash within its cement producing facility.
Fly ash is a waste material produced predominately from the power generation industry when burning coal and is commonly used as an alternative material and fuel across a wide range of process industries.
The cement industry uses fly ash as an alternative material to mineral in the production of cement.
Alex Stewart, chief executive of Clyde Process Solutions, said: “This is a significant order to have secured within the European cement market and from one of the world’s leading cement producers.
“Our ability to communicate the return on investment and energy efficient benefits of our technology against strong competition was an integral element in securing this order from this customer.
“The order, which is our first fly ash pneumatic conveying project for the cement industry, was secured at a competitive level of contribution and in line with management expectations. This contract win will form the launchpad of an additional sales strategy for the cement industry.
“Our sales pipeline of opportunities within the cement industry has grown, particularly within Europe in the last quarter, and we will aim to secure additional orders from this industry before the end of this financial year.”
CPS said last month that trading had been ahead of market expectations over the first half of its financial year.
The new contract is the latest in a string of wins this year.
Its shares were up 3% at 51p in early trading this morning.
