Vulcan Industries (VULC ) said its wholly owned subsidiary, M+G Olympic, has won over £500,000 of new contracts for the installation of its new range of swimming pools. 

The advanced precision engineering group said M+G Olympic, which, inter alia, provides swimming pool equipment, has recently won a series of new contracts with installations ranging from 50m Olympic size municipal swimming pools to smaller private leisure pools. 

The Group acknowledged that an increase in demand for leisure facilities during COVID-19 lockdowns has seen an increase in demand for bespoke swimming pool installations. 

In response, the company highlighted to investors that M+G Olympic is “perfectly positioned” to satisfy the increased demand as a leading EXC2 certified designer, manufacturer and installer of custom-built architectural metalwork for swimming pools. 

In addition, the Group noted that M+G Olympic has been short-listed for the prestigious “CE East Midlands building project and innovation of the year award” for its work on the landmark restoration and transformation of the Derby Silk Mill into the Museum of Making. 

The Museum of Making in the Derwent Valley Mills UNESCO World Heritage Site, which is the first of its kind to use the Integrated Project Insurance (“IPI”), the UK Governments new construction model of procurement, is expected to attract around 140,000 visitors per year.  

Vulcan explained to investors that M+G Olympic has worked closely with both Lyon Architects and main construction contractor Speller Metcalf to create contemporary steel staircases, balustrades and walkways, ‘which are sympathetic to the historical features of the Silk Mill whilst meeting the stringent safety requirements of a public attraction.’ 

The £16.4m project was supported with funding from the National Lottery Heritage Fund, Arts Council of England. 

Commenting on the news, Ian Tordoff, Chairman of Vulcan Industries said, “We are delighted by the progress the sales and estimating team are making at M&G. I understand the Silk Mill project team were particularly happy with the work from our drawing office too.” 

He added, “As the country recovers, we are making changes across the group to ensure Vulcan is fit and ready to meet the growing demand from its customers.” 

View from Vox

In a trading update released back in January 2021 following the publication of of Vulcan's final results and half-year results for the 6 months ended 30 September 2021, the group highlighted that M&G Olympic Products had confirmed an order book of £4.5m with a further £1.2m pipeline.

In addition, the group confirmed a significant new order valued at £600,000 while the new management team was reported to have made significant progress 'with improving sales and production planning and execution.'

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