Contract renewal with Cummins
Stainless Metalcraft (Chatteris) Ltd. (Metalcraft), has secured a framework contract for the Group’s Energy Division with Cummins Inc., a producer of diesel and alternative fuel engines and electrical generator sets, worth an additional £3.6 million in revenue to Metalcraft over 3 years.
Building on Metalcraft’s longstanding relationship with Cummins, this framework agreement provides for the supply of fabricated generator stator frames over the next 3 years with a follow on 1 year rolling commitment. Metalcraft will maintain a dedicated motor frame production facility to support this activity.
This latest long-term agreement brings the total value of such agreements to more than £100m over the last three and a half years.
Austen Adams, Managing Director of Metalcraft and Avingtrans Plc’s Energy and Medical division, said: “This is another significant step forward for Metalcraft in the energy market. The addition of another long-term contract is entirely consistent with our strategy of building a portfolio of strong forward commitments.”
Steve McQuillan, Chief Executive Officer of Avingtrans Plc, added: “The Board is delighted that Metalcraft has secured this long-term contract with Cummins. Metalcraft’s ability to win extended commitments from significant global operators such as Cummins is a testament to the expertise and hard work of the Metalcraft team. Metalcraft continues to underline its position as a leading player in its chosen markets and has further highlighted its status as a world class business.