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20 Dec 2017
N+1 Singer - Bodycote - Outsourcing agreement providing additional HIP capacity
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N+1 Singer - Bodycote - Outsourcing agreement providing additional HIP capacity
Bodycote plc (BOY:LON) | 707 -56.5 (-1.1%) | Mkt Cap: 1,227m
- Published:
20 Dec 2017 -
Author:
Singer CM Team -
Pages:
3 -
Bodycote has signed a long term outsourcing agreement with Doncasters Group to provide HIP and heat treatment services in the UK. As part of the agreement thermal treatment assets, including a HIP vessel, and c.20 employees at the Doncasters site in Wales transfer to Bodycote. This will provide helpful additional HIP capacity in the UK, although we do not expect the agreement to have a material impact on our revenue and profit forecasts.