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Modelleria Brambilla: 3 new orders for 11.1 million euros

MILANO (AIMnews.it) - Modelleria Brambilla has announced that in March Co.Stamp Tools has received 3 new important orders for a total value of 11.1 million euros which bring the order backlog to March 31, 2018 to 55 million euros of the combined entity. CEO Marco Corti: "We are extremely satisfied with these orders that confirm the quality of our products and allow us to consolidate relationships with customers from around the world. These orders also show how the synergies between Co.Stamp and Modelleria Brambilla are increasingly tangible both for the integration of production processes and for the expansion of our commercial offer on international markets". The first order concerns the purchase by SIRPRESS, leader in the molding of die-cast aluminum parts, of a series of molds for the production of a new automatic transmission for the Daimler Group. The contract value is 7.5 million euros with expected delivery starting from the second half of 2018 and spread over 5 years. The second order received from ENDURANCE FOA, a producer of die-cast materials for the automotive market, concerns the supply of molds for the production of a headwrap for the Volkswagen Group. The contract is worth € 2.1 million, with delivery scheduled in part in 2018 and partly in 2019. The third contract concerns the purchase by Automobile DACIA S.A. (RENAULT GROUP) of equipment (dies) for the production of cylinder blocks. The contract value is 1.5 million euros with expected delivery in the second half of 2018.

04/04/2018