Mecachrome International Inc. (TSX:MCH) has won a
contract renewal for the manufacture and assembly of Formula One
engines developed by Renault Sport.
The contract is for three years, running until the end of the
2010 season, Montreal-baed Mecachrome said Thursday. Financial
details were not disclosed.
``Renault Sport and Mecachrome have been collaborating for many
years in the high-performance motor sports sector, particularly in
the Formula One World Championship, and have developed a long-term
partnership based on their respective know-how and experience,''
Mecachrome said in a release.
Renault Sport is the motor sports division of French automaker
Renault involved in the development of F1 engines.
Mecachrome makes precision-engineered components for aircraft and
automotive applications, including aerostructural and aircraft
engine components, high-end automobile engine components and motor
The company operates 11 state-of-the-art facilities, principally
in France and Canada, and employs over 2,000 people.
On October, Mecachrome International announced that its initial
public offering of subordinate voting shares, priced at $14 a share,
had raised $205.6 million.