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HomeMarket NewsPTC Industries arm bags multi-million pound contract from Coolbrook; Stock in focus
The collaboration allows Trac and the broader PTC Group to diversify into clean tech, positioning it for long-term global growth and sustainability alignment, as per the company.
Shares of PTC Industries Ltd. are in focus on Friday, October 3, after the company said that its arm Trac Precision Solutions will partner with Coolbrook to supply critical machined and cast components for its rotodynamic heater (RDH).
Coolborook is a transformational technology and engineering company. The RDH technology is designed to reach temperatures up to 1,700 degrees Celsius, making it uniquely suited to decarbonise traditionally hard-to-abate sectors such as cement, steel, petrochemicals and chemicals.
At full production, the initial contract covers two milled blades and four cast vanes or blades, totalling 27,000 parts annually across 100 engine sets, the company said.
PTC Industries added the revenue from the partnership is expected to increase, in-line with Coolbrook's customer sales, and is anticipated to reach in excess of £10 million annually.
A second phase, covering three additional milled components, will be awarded in the near future, PTC Industries added.
"As Coolbrook scales globally, this programme has the potential to become one of Trac’s most significant long-term production lines, delivering steady growth while showcasing our expertise in precision engineering for transformative technologies," Liam Bevington, the managing director of Trac, said.
The collaboration allows Trac and the broader PTC Group to diversify into clean tech, positioning it for long-term global growth and sustainability alignment, as per the company.
"This partnership aligns perfectly with our strategic vision of building a diversified, future-ready business that contributes not only to aerospace and defence but also to the urgent global challenge of decarbonisation," Sachin Agarwal, chairman and managing director of PTC Industries, said.
Shares of PTC Industries ended the previous session 1.1% up at ₹15,700 apiece. The stock has gained 14.6% in the past month.
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