Plymouth Rubber Company, Inc. Extends Global Automotive Tapes Contract
21 Outubro 2004 - 10:04AM
PR Newswire (US)
Plymouth Rubber Company, Inc. Extends Global Automotive Tapes
Contract CANTON, Mass., Oct. 21 /PRNewswire-FirstCall/ -- Plymouth
Rubber Company, Inc. (AMEX:PLR.AAMEX:PLR.B) today announced that it
has been awarded a new global agreement to supply tapes used by a
leading Tier 1 supplier of automotive electrical distribution
systems (wire harnesses). The agreement extends through calendar
year 2006 and covers requirements in Asia, the Americas, and
Europe. The agreement is estimated at $50 million for the term.
Plymouth has supplied harness tapes to this automotive supplier for
over 35 years, and has had similar agreements in effect since 1988.
"This new contract reflects Plymouth's world leadership in
automotive harness tapes, achieved through years of working in
close partnership with our customers to help improve quality, lower
costs, and increase productivity in their harness assembly
operations," commented Maurice J. Hamilburg, Plymouth's President
and Co-CEO. Plymouth Rubber Company, Inc. manufactures and
distributes plastic and rubber products, including automotive
tapes, insulating tapes, and other industrial tapes and films. The
Company's tape products are used by the electrical supply industry,
electric utilities, and automotive and other original equipment
manufacturers. Through its Brite-Line Technologies subsidiary,
Plymouth manufactures and supplies highway marking products. This
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities and Exchange Act of 1934. The Company's actual results
could differ materially from those set forth in the forward-looking
statements as a result of various factors, including those
referenced in the "Management's Discussion and Analysis" section of
the Company's most recent Annual Report on Form 10-K, which is on
file with the SEC. Contact: Joseph J. Berns Vice President -
Finance (781) 828-0220 Ext. 1377 DATASOURCE: Plymouth Rubber
Company, Inc. CONTACT: Joseph J. Berns, Vice President - Finance of
Plymouth Rubber Company, Inc., +1-781-828-0220 Ext. 1377 Web site:
http://www.plymouthrubber.com/
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