Avingtrans PLC Hayward Tyler Secures New Contract (2742Q)
18 February 2019 - 6:00PM
UK Regulatory
TIDMAVG
RNS Number : 2742Q
Avingtrans PLC
18 February 2019
18 February 2019
Avingtrans Plc
("Avingtrans")
Hayward Tyler Secures Contract for Nuclear Reactor Internal
Pumps worth over GBP10m
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies original equipment, systems and associated aftermarket
services to the energy and medical sectors, is pleased to announce
that its subsidiary, Hayward Tyler, has secured a contract worth
over GBP10m from power company Vattenfall in Sweden. The contract
is to provide critical parts and components to the Reactor Internal
Pumps installed at the Forsmark nuclear reactors.
Hayward Tyler, owned by Avingtrans plc and inventor of the wet
wound submersible motor, was the first company to deploy this
technology for the application of driving primary coolant through
the reactor core of a Boiling Water Reactor (BWR) in the early
1980s. The Reactor Internal Pump is attached directly to the bottom
of the reactor pressure vessel and removes the need for additional
pipework making it more efficient, economic and safer than earlier
designs.
The first reactors to use internal recirculation pumps were
designed by ASEA-Atom and built in Sweden in the 1980s. These
plants have operated very successfully for many years and Hayward
Tyler has provided continuous support. A programme of ongoing
improvements designed to modernise the reactors and extend their
operating life has resulted in this most recent contract, which
will be executed over two years between 2020 and 2022.
Mike Turmelle, President of the Engineered Pumps and Motors
division of Avingtrans, said: "Supporting all our installed base
across the globe is in the DNA of Hayward Tyler. The successful
operation of these highly engineered, safety related pumps for so
many decades is testament to the exacting standards of quality and
design of the original product, and we are honoured to work with
our customer in supporting the next phase of successful, safe
operation of the plant".
Steve McQuillan, CEO of Avingtrans, added: "Avingtrans energy
divisions continue to foster their long-term relationships in the
nuclear industry which deliver significant value to the business in
line with our long-term strategy. We are proud of our business'
nuclear heritage and excited by the opportunities that continue to
develop on both operating facilities and new facilities across the
nuclear fuel cycle. These contracts reinforce Hayward Tyler's
position as a global industry partner in the continued safe
operation of low carbon nuclear power plants"
Enquiries:
Avingtrans plc
Steve McQuillan, CEO
Stephen King, CFO 0135 469 2391
N+1 Singer (Nomad and Broker)
Shaun Dobson/Lauren Kettle (Corporate
Finance)
Mia Gardner/Rachel Hayes (Corporate
Broking) 0207496 3000
Newgate Communications (Financial
PR)
Adam Lloyd
Tom Carnegie 020 7653 9850
About Avingtrans
Avingtrans designs, manufactures and supplies original
equipment, systems and associated aftermarket services to the
energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India
Specialises in the design, manufacture and servicing of performance-critical
motors and pumps for challenging environments.
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China
Provider of safety-critical equipment for the energy, medical, science and
research communities, worldwide, specialising in precision pressure and
vacuum vessels and associated fabrications, sub-assemblies and systems.
Maloney Metalcraft Ltd - Aldridge, UK
Designs, manufactures and services oil and gas extraction and processing
equipment, including process plant for dehydration, sweetening, drying and
compression.
Ormandy Group, Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers and
other HVAC (heating, ventilation and air conditioning) products
Peter Brotherhood - Peterborough, UK
Specialises in the design, manufacture and servicing of performance-critical
steam turbines, turbo gen-sets, compressors, gear boxes and combined heat
and power systems.
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers
in industrial markets.
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated cryogenic
systems for a variety of markets including MRI and provides service and
support for Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA
Designs, manufactures, tests and installs instrumentation, including full
consoles, system upgrades, and solid-state probes, mainly for Magnetic Resonance
Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.
Crown International Ltd - Portishead, UK
Designs and manufactures market-leading pole and support systems for roadside
signage and safety cameras, rail track signalling and gantries.
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END
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