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INTERBULK GROUP : Capital Sale Order

10/25/2011 | 04:35am US/Eastern

InterBulk Group plc ("InterBulk" or the "Group") (AIM:INB), the global intermodal logistics solution provider to the chemical, polymer, food and minerals industries, is pleased to announce a USD2.6 million capital sale of H Type ISO-Veyors to a company in Malaysia ("Malaysian Client").

The H Type ISO-Veyor has been developed by InBulk Technologies, the Group's technology division, and is a specially designed bulk intermodal ISO pressurised container for the loading, transport and pneumatic discharge of powders. The container has a patented fluidising floor to enable horizontal discharge and to maximise the internal cubic capacity. The discharge process is dense phase to ensure fast discharge times with low particle velocity and low abrasion from cementitious powders.

InterBulk operates a fleet of ISO-Veyors providing full door to door logistics services.  For certain customers and projects, InterBulk also offers a capital sales option. The sale to its Malaysian Client represents the Group's largest ever single capital sales order and is expected to be delivered during the first half of the 2011/12 financial year.  The Malaysian Client is an established public limited company in the manufacturing sector.

ISO-veyors have established a performance record of reliability and longevity and  trials of the equipment have demonstrated class-leading targets for operating parameters including loading time, payload, discharge time and residuals. The final design was tailored to the requirements of its Malaysian Client, taking into account quality and safety performance, cost effectiveness, national and local transportation and pressure vessel legislative requirements.

Koert van Wissen, InterBulk's Chief Executive, said:

"We are pleased to conclude this sale in Asia after extending our engineering resources in the region. The order confirms our global engineering network's ability to work closely with clients on all aspects of materials handling during the pre-sale process and future commitment to after sales service. We would like to thank our Malaysian Client for their trust and business and look forward to working together closely in the future."

For further information, please contact:

InterBulk Group plc

Koert van Wissen,CEO

Scott Cunningham, Finance Director

Tel: 01355 575 000

Arbuthnot Securities Limited

Tom Griffiths

Ed Groome

Tel: 020 7012 2000

Buchanan Communications

Charles Ryland

Gabriella Clinkard

Tel: 020 7466 5000

About InterBulk

InterBulk is a leading supplier of global intermodal logistics solutions for the movement of liquid and dry bulk materials. It provides environmentally friendly and cost effective door-to-door supply chain solutions that include intermodal transportation, temporary storage and material handling services. InterBulk is one of the world's largest operators of Tankcontainers for the movement of liquids and Europe's leading provider of intermodal 'bag-in-box' containers for the movement of dry bulk products.

This information is provided by RNS
The company news service from the London Stock Exchange
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