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InterBulk lifted by Syngenta supply deal

Logistics and container group InterBulk Group PLC (AIM: INB) said it won new business through the Syngenta 2009/2010 global tender for bulk liquids, and the deal is expected to raise the turnover from business with the crop protection and commercial seeds specialist to approximately £3 million per annum.

From a relatively low historic level of business, InterBulk has increased its share of Syngenta's bulk liquids transportation business considerably and is now, as a result of the latest tender, a strategic supplier for Syngenta.

Investors liked the news, sending the stock trading up 33.3 percent in late morning deals.