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Thursday 25 September, 2008

Zirax PLC

Moscow De-icing Contract

RNS Number : 2569E
Zirax PLC
25 September 2008
 





Zirax plc 

('Zirax' or the 'Company')


Second Moscow De-Icing Contract Win



Zirax plc ('Zirax' or the 'Company')the AIM quoted speciality chemical company focused on the development, production and sale of oilfield process chemicals and de-icing solutions is pleased to announce that it has won a second contract this year to supply an additional 8,000 Metric Tonnes ('MT') of calcium chloride based de-icers to Moscow City Council for its 2008/09 winter season. 


In June 2008, Zirax announced that it had won a contract to supply 15,000 MT to Moscow City Council, which together with today's announcement means the Company will supply the council with 23,000 MT during the upcoming winter season, representing $6.6m in revenuesThis is a 5,000 MT reduction in sales compared to the winter season 2007/08 in Moscow


The Company idelighted to be supplying its de-icing products to Moscow for a sixth consecutive yearZirax's de-icing products are more efficient, as they penetrate the ice quicker than most other de-icersmelting ice and snow at temperatures up to -35° Celsius, and better meets the environmental concerns of governments and local authorities, such as Moscow City Council, because of the significantly smaller quantities required to achieve better results


Zirax continues to pursue other de-icing opportunities, and as announced earlier this month, signed an agreement with Bucharest City Council to increase the supply of product following successful trials in Romania last year. 



Commenting on this announcement, Valery Andosov, Chief Executive of Zirax said: 


'We are delighted that Moscow City Council has awarded us this second contract to supply them with Zirax's value added de-icing productIceMelt™Moscow still remains an important account for Zirax and we look forward to continuing our working relationship with the council.'


About Zirax

Zirax is a speciality chemical company manufacturing and supplying oilfield process chemicals and de-icing solutions to a global customer base. Zirax is the second largest supplier of calcium chloride pellets globally and the leading supplier in the Eastern Hemisphere. Zirax is quoted on AIM section of the London Stock Exchange (ticker: ZRX), is headquartered in London and has supply sources based in Western Europe and Russia. More information is available at http://www.zirax.com


Enquiries:


Zirax                                                Valery Andosov, CEO                            T: +7 (495) 730 9559

                                            Fenlon Dunphy, CFO                             T: +44 (0)20 7868 1694


Hanson Westhouse Limited                 Tim Metcalfe                                          T: +44 (0)20 7601 6100

                                                        Richard Baty

 

Metropol (UK) Limited                      Alexander Selegenev                             T: +44 (0)20 7439 6880

 

Cardew Group                                 Tim Robertson                                       T: +44 (0)20 7930 0777

                                                        David Roach

                                                        Daniela Cormano

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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