Chemring Group PLC (“Chemring” or “the Group”) is pleased to announce the opening of its new office in the United Arab Emirates (“UAE”).
The Middle East and North Africa is a region of long-standing strategic importance to Chemring, and the Group’s activity in the region has grown significantly in recent years. Chemring has achieved notable commercial successes within the region with sales of products from across its three business segments – Countermeasures, Sensors & Electronics, and Energetic Systems.
The Group has secured a number of contracts in the United Arab Emirates and recognises that, in order to maintain and build upon these achievements, a permanent in-country presence is an essential element of customer service and commitment.
Nigel Howard, who joined the Group in June 2016 from Ultra Electronics, has been appointed as the Group’s Regional Business Development Director and will operate from the new UAE office.
Michael Flowers, Group Chief Executive of Chemring, commented:
“The opening of this new office is a sign of Chemring’s ongoing commitment to both the United Arab Emirates and the wider region. Having worked in the region for 12 years, Nigel Howard’ significant experience will be of great benefit to our regional customers and global businesses, offering a single point of contact for all of Chemring’s products and services.”
Philip Parham, British Ambassador to the UAE added:
“I am delighted to see another cutting edge British company strengthening its presence in the UAE. The UAE is one of the UK’s most important commercial partners - indeed, its fourth biggest export market outside Europe. Some 5,000 British companies are active here. These partnerships benefit from the deep historic ties between the UK and UAE, but also from the breadth and creativity of their modern relationship, and the range of their common interests.”
-ENDS-
For further information:
| Michael Flowers |
Group Chief Executive, Chemring Group PLC |
01794 833901 |
| Rupert Pittman |
Group Director of Corporate Affairs, Chemring Group PLC |
01794 833901 |
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James White |
MHP Communications |
0203 128 8100 |
Cautionary statement
This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Chemring's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.
There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approvals for engineering or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.
Chemring undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
About Chemring Group
- Chemring is a global business that specialises in the manufacture of high technology products and the provision of services to the aerospace, defence and security markets
- Employing approximately 2,700 people worldwide, and with production facilities in four countries, Chemring meets the needs of customers in more than fifty countries
- Chemring is organised under three strategic product segments: Countermeasures, Sensors & Electronics, and Energetic Systems
- Chemring has a diverse portfolio of products that deliver high reliability solutions to protect people, platforms, missions and information against constantly changing threats
- Operating in niche markets and with strong investment in research and development (“R&D”), Chemring has the agility to rapidly react to urgent customer needs
www.chemring.co.uk