TIDMAVG
Avingtrans PLC
21 January 2021
RNS REACH
21 January 2021
Avingtrans Plc
("Avingtrans", the "Company" or the "Group")
Booth Industries secures GBP2.9m contract extension
Begins development of new manufacturing facility
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies original equipment, systems and associated aftermarket
services to the energy and medical sectors, is delighted to
announce its wholly owned subsidiary, Booth Industries (Booth), has
secured a contract extension worth GBP2.9 million with a UK
Government agency.
The extension is for the supply of doors designed, developed and
tested over several decade's by Booth and demonstrates the
businesses unique capability to supply high-integrity assured
solutions for specialised applications.
Work will begin immediately, with the doors being delivered over
the next 18 months.
Booth Industries also recently completed the demolition of part
of its Nelson Street site in Bolton as it makes way for the
construction of a new manufacturing facility that will increase the
businesses overall manufacturing capacity to 6,400m2.
As well as expanding Booth's manufacturing floor space, the new
development will also see investment in new materials handling
equipment, new Factory Acceptance Testing (FAT) facilities and
improved site welfare.
Mike Jenkinson, managing director of Booth Industries, said:
"We're delighted to have been awarded the contract extension, which
both sees the business start the new year on the same upwards
trajectory we have been on since our acquisition in 2019 and
demonstrates the confidence that one of our largest customers has
in the business."
Austen Adams, managing director of Avingtrans PLC's Process
Solutions and Rotating Equipment division, said: "This is a
tremendous start to the year for Booth and builds on its recent
success securing contracts on nationally-important infrastructure
projects, such as HS2. This contract extension supports the
ambitious growth plans we have in place for the business and
provides a strong foundation on which to build over the coming
year."
"The team at Booth has made great progress over the last 18
months, generating a substantial order book covering more than one
year's sales and creating a robust pipeline of forward orders."
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
N+1 Singer (Nominated Adviser) 02074 963000
Shaun Dobson/Alex Bond (Corporate Finance)
Rachel Hayes (Corporate Broking)
SEC Newgate (Financial PR) 02076 539850
Adam Lloyd/ Tom Carnegie
About Avingtrans plc:
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.
Energy Steel, Inc - Lapeer, Michigan, USA
Provider of custom fabrications for the nuclear industry, specialising
in: OEM parts obsolescence; custom fabrications; engineering
design solutions; product refurbishment; on-site technical support.
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.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls
which can be tailored to be: blast &explosion proof; fireproof;
acoustically shielded; high security/safety; or combinations
of the above
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 cryogenics for a variety of markets including MRI
and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA
Designs, manufactures and installs instrumentation, including
consoles, system upgrades, and probes, mainly for Magnetic Resonance
Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.
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END
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