Manchester’s Renold wins Canadian Navy order

Manchester industrial chain and power transmission firm Renold plc announced that Renold Couplings, part of the company’s Torque Transmission division, has been awarded a contract to manufacture flexible couplings for Batch 1 of the Canadian Surface Combatant ships for the Royal Canadian Navy worth £10.6 million.

This contract, together with other military work recently awarded, means that Renold’s military order book has increased by £13.1 million over recent months.

Renold said: “The Canadian Surface Combatant ships will be built by Irving Shipbuilding Inc in the Halifax Shipyard, Nova Scotia.

“The contract award represents a significant extension of the Group’s collaboration with Canada in supplying flexible couplings for naval vessels.

“The Canadian Surface Combatant will replace the Halifax class warships which also used Renold Flexible Couplings.

“Manufacture of the flexible couplings for the Canadian Surface Combatant is anticipated to commence mid-2024 in Renold’s Cardiff facility.”

Renold CEO Robert Purcell said: “I am delighted that Renold are working with Irving Shipbuilding Inc on the next generation of Canadian warships.

“The award of the Canadian Surface Combatant contract builds on the success of our naval flexible couplings business which is already working on the British and Australian naval programmes and this success underpins our belief in the Renold Hi-Tec product range.

“This excellent long-term contract will further reinforce our Couplings business performance and shows the on-going benefits of our product development strategy combined with our manufacturing and engineering excellence.”