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Corac Group wins contract to supply equipment to submarines

Thu, 07th Feb 2013 08:30

UK engineering group Corac Group has secured a contract extension to supply air purification equipment to an overseas submarine programme. The company, which serves oil and gas, defence and industrial markets, said its subsidiary Atmosphere Control International (ACI) will make the delivery during the fourth quarter of 2013. The order is worth over £0.7m and will increase ACI's revenue visibility for the year. The contract, which furthers ACI's participation in a long-established programme, reflects demand in the global submarine market. Recent reports indicate that more than 80 boats will be launched in the Asia Pacific region over the next 10 years. Phil Cartmell, Chairman of Corac said: "This order represents a good start to the year for ACI, and confirms our confidence that the combined current order book places Corac in a good position. "Long term supply relationships are a key feature of the ACI business and this order demonstrates how the company can benefit from building business in expanding markets. Encouraging signs from global programmes offer ACI an increasing pipeline of opportunities for 2013 and beyond."Shares climbed 2.36% to 16.25p at 8:45 Thursday. RD
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29 Aug 2018 11:49

Cradle Arc Slashes Guidance After Mowana Mine Suffers Breakdowns

LONDON (Alliance News) - Cradle Arc PLC said Wednesday the contained copper produced at the company's 60%-owned Mowana copper mine in Botswana was lower than forecast, as Chairman Toby Howell

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4 Jul 2018 11:28

Cradle Arc Sells Off Non-Core Burkina Faso Assets For Notional USD1

LONDON (Alliance News) - Africa-focused precious metals miner Cradle Arc PLC said on Wednesday it has disposed of its non core assets in Burkina Faso, held by its subsidiary Societe Miniere de for

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31 May 2018 10:58

New Ore Reserve Boosts Cradle Arc's Mowana Resource Estimate

LONDON (Alliance News) - Cradle Arc PLC on Thursday said a maiden ore reserve for its Mowana copper mine "underpins" the scale and commercial potential of the project.Shares in in

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31 May 2018 10:54

WINNERS & LOSERS SUMMARY: FirstGroup Swings To Loss, CEO Departs

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 4.7%. The Irish building materials company

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25 Apr 2018 13:33

Cradle Arc Appoints Investor Oscar Kirkovits Non-Executive Director

LONDON (Alliance News) - Miner Cradle Arc PLC on Wednesday announced the appointment of Oscar Kirkovits as a non-executive director of the company, effective immediately.Kirkovits began his

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3 Apr 2018 10:02

Cradle Arc Reports Rise In Mowana Mine Resource Estimate

LONDON (Alliance News) - Cradle Arc PLC, an African focused metal exploration company, said Tuesday its Mowana copper mine in Botswana is showing a in its

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3 Apr 2018 07:00

Cradle Arc to boost copper output in Botswana from April

* Mowana mine output halted in 2015 during commodity crash * Next target 20,000 tonnes a year after 12,000 tonnes * Company raised $10 million in debt to revive April

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1 Jun 2015 15:48

Corac secures first commercial offer for Spirax Sarco

Engineering and technology group Corac has received its first commercial offer for its steam expander Spirax Sarco. This follows Corac's acquisition of the steam system management and peristaltic pumping company in March. The group did not give details about the client, but said the order consists

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1 Jun 2015 07:38

Corac Gets First Commercial Order Under Spirax-Sarco Agreement

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22 May 2015 08:10

Corac to change name to TP Group

Shareholders of Corac Group have voted in favour of the AIM-listed industrial engineer changing its name to TP Group, the company announced on Friday. The resolution was approved by shareholders at an annual general meeting and will take effect on Monday 1 June. Corac, which focuses on the aerospac

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22 May 2015 07:35

Corac To Change Name To TP Group From June 1

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21 May 2015 07:30

LONDON MORNING BRIEFING: Booker Group Up 10% On Store Chains Purchase

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21 May 2015 05:12

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20 May 2015 15:15

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