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Chamberlin to return to profit

Chamberlin to return to profit
Specialist castings and engineering group Chamberlin is expected to return to profitability in its current financial year.
The Walsall business will report a loss for the year to the end of May following the loss of a major contract with BorgWarner late last year, and the consequential restructuring of operations and refinancing.
Its board is confident that as the substantial majority of the group s restructuring costs and non-cash write downs will have been accounted for in the year, Chamberlin will be well positioned to make a strong recovery in the current financial year which started on June 1 ....

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Chamberlin wins a major contract

10 hours ago
Castings and engineering group Chamberlin has won a three-year contract to supply components for diesel engine generators that will start in July.
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The Chamberlin & Hill foundry in Walsall
The Walsall business made 101 redundancies earlier this year after losing two major contracts and has undergone a restructuring to save £3.4m a year.
It raised £3.5 million in a fundraising earlier this year.
Chairman Keith Butler-Wheelhouse said: The recently completed fund-raise has facilitated the restructuring of the Chamberlin & Hill foundry in Walsall and provides a sound platform for growth. Efforts are concentrated on replacing revenue at C&H, following the loss of major contracts at the end of 2020. Your directors are confident that the company is now well positioned to exploit the opportunities arising in the new financial year commencing June 1. ....

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