ERJ staff report (DS)
London - Avon Rubber said it will delay deliveries of protective masks to the US military following a legal challenge from a competitor which lost out in the bidding process. The share price fell around 6 percent on the news.
Avon said in a statement, â€œOne of the losing bidders has raised a contractual protest to the DoD, which will delay delivery dates for this order, although our expectations of deliveries for the full year remain unchanged. Deliveries against our $6.1m filter order, placed under a separate three year contract and announced at the same time, are unaffected.â€
Avon added, â€œIn Dairy strong market conditions prevail and we have seen further growth in sales of our Milk-Rite brand, in particular the Impulse Mouthpiece Vented Liner (IP-MV) which achieved a 10% market share in North America, offsetting weaker demand from some of our OE customers. We have also opened a sales and distribution centre in China to further capitalise on the extensive opportunity in that region.â€
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Avon Rubber