Contract Award - TPG Engineering Contract with GE Oil & Gas

RNS Number : 0938R
TP Group PLC
06 December 2016

Contract Award - TPG Engineering Contract with GE Oil & Gas

TP Group (AIM: TPG), the specialist services and engineering group, announces that its subsidiary TPG Engineering has been awarded a contract by GE Oil & Gas within the nuclear sector.

Valued at c.£1.5m, the contract commences immediately and will be delivered by TPG Engineering from its facility at Dukinfield, Greater Manchester over the next two years.

TP Group is investing in updating its Dukinfield facility to deliver this contract by enhancing manufacturing capabilities and streamlining processes. In addition, the Company will be recruiting engineers and technicians in the north-west of England to support this project and other similar work.

Phil Cartmell, Chief Executive of TP Group, commented: 

"We are delighted to have been selected by GE for this project. It represents a major step forward in the growth of the company as a major industrial supplier in the north west of England.

This award demonstrates how the wider TP Group can apply its breadth of experience and expertise to work with global customers on strategic programmes. We believe that securing this contract also positions us well for further complex engineering opportunities in conventional and nuclear power, in defence and other sectors."