Avingtrans PLC Maloney Metalcraft signs £3.5m contract with EDF (9072F)
02 August 2016 - 4:00PM
UK Regulatory
TIDMAVG
RNS Number : 9072F
Avingtrans PLC
02 August 2016
02 August 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Maloney Metalcraft signs GBP3.5m contract with EDF
Avingtrans (AIM:AVG), a manufacturer of critical components and
associated services to the global energy and medical sectors, is
pleased to announce that Maloney Metalcraft, part of Avingtrans
PLC's Energy & Medical division, has secured a contract with
EDF Energy, worth GBP3.5m, to supply components for their current
fleet of seven nuclear power stations across the UK.
Maloney Metalcraft will supply gas-cooling process-critical
valves for each of the seven EDF managed Advanced Gas-Cooled
Reactors around the country (Dungeness B, Hinkley Point B,
Hunterson B, Hartlepool, Heysham 1, Heysham 2 and Torness). The
contract is part of a life extension programme that will also see
Maloney Metalcraft providing engineering support and on-site
services to EDF Energy as part of the deal. These contracts will
continue until the end of life of the stations.
Austen Adams, managing director of Avingtrans Energy &
Medical Division, said: "The contract win is good news for the
business and recognises the expertise we've developed in what is
truly a performance-critical sector.
"The Maloney Metalcraft team designed and supplied the original
Carbon Dioxide gas drying systems for the stations back in the
1970s but, with further delays to the Hinkley Point C programme,
extending the life of these older nuclear power stations has become
critical to keeping the lights on across the UK."
Steve McQuillan, Chief Executive Officer of Avingtrans plc,
added: "The Board is delighted that Maloney Metalcraft has secured
another important contract in the nuclear sector. It underlines the
Board's decision to invest in the Energy and Medical business and,
specifically, to strengthen Maloney Metalcraft's position in this
market."
For further information, visit www.maloney-metalcraft.com
Enquiries:
Avingtrans plc Tel: 01159
Steve McQuillan, Chief Executive 499 020
Officer
Stephen King, Chief Financial Officer
Numis Tel: 0207
Richard Thomas (Corporate Finance 260 1000
and Nominated Adviser)
Tom Ballard (Corporate Broking)
Newgate (Financial PR) Tel: 020
Adam Lloyd 7653 9850
Ed Treadwell
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered
components, systems and services to the energy, medical and traffic
management industries worldwide.
Energy and medical, engaged in the design and manufacture of
safety critical equipment for the energy, medical, science and
research communities, including oil and gas extraction and
processing equipment, nuclear process plant, machined and
fabricated pressure and vacuum vessels and components. Also, design
and manufacture of fabricated poles and cabinets for roadside
safety cameras and rail track signalling.
The strategy of the group, is to "buy and build" in regulated
engineering niche markets, where we can see potential consolidation
opportunities, which can lead to significantly increased
shareholder value over the medium to long term
This information is provided by RNS
The company news service from the London Stock Exchange
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