TIDMAVG
Avingtrans PLC
12 July 2021
12 July 2021
Avingtrans Plc
("Avingtrans", the "Company", or the "Group")
Avingtrans' businesses collaborate on nuclear contract
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies critical components, modules, systems and associated
services to the energy, medical and industrial sectors, is pleased
to announce that Avingtrans' companies Stainless Metalcraft
("Metalcraft"), Hayward Tyler Fluid Handling ("HTFH") and Hayward
Tyler ("HT") have secured a contract worth GBP4.4m with Doosan
Babcock to supply remote maintenance pumps for use by a leading UK
nuclear energy company as part of the Programme and Project
Partners ("PPP") approach (the "Contract"). The Contract will be
executed over a period of two years.
The Contract will see the three Avingtrans companies work
together as part of a Goods Supply Agreement to Doosan Babcock, one
of PPP's world class partners delivering the Sellafield site's
decommissioning programme.
The PPP model is changing the way major projects are delivered
at Sellafield and creating a lasting legacy through long-term
partnerships. The new approach is set up to support faster, more
effective project delivery, stability in design and construction
supply chains, greater workforce flexibility, and local economic
benefit.
The Contract will see teams at Metalcraft (Cambridgeshire), HTFH
(East Kilbride) and HT (Luton) working together to manufacture
remote maintenance pumps, which will form a critical part of the
SIXEP Continuity Plant ("SCP"). SIXEP is referred to as 'the
kidneys of the site' which does vital work to clean Sellafield's
liquid effluents before discharge to the sea and the SCP project
will replace this facility.
The news marks a further strengthening of Avingtrans' position
in the nuclear energy industry, following Metalcraft's enhanced
contract with Sellafield to supply 3m(3) stainless steel boxes for
the storage of intermediate level waste at its Pile Fuel Cladding
and Magnox Swarf Silos, and Hayward Tyler's licence agreement with
Ruhrpumpen to supply safety-related products, maintenance and
repair services to nuclear power plants worldwide.
Austen Adams, Divisional Managing Director of Avingtrans Process
Solutions and Rotating Equipment division, said : "We're delighted
to have secured this contract and to be working in conjunction with
our sister company in Avingtrans' Engineered Pumps and Motors
division, Hayward Tyler, to deliver best value for our
customer.
"All three businesses have a strong track record delivering
performance-critical solutions to the nuclear industry and we're
confident that by combining expertise and resources we will be able
to offer a high-quality, high-value solution."
Dennis Healy, Managing Director of Hayward Tyler's UK
Operations, added: "The Hayward Tyler name is synonymous with high
quality pump and motor solutions for the nuclear industry and this
contract recognises our reputation for delivering excellent quality
and reliability in what is a highly-demanding field.
"By working with our colleagues at Metalcraft and HTFH, we will
be bringing together some of the leading names in the nuclear
engineering supply chain, maximising value and service for our
customer."
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
Singer Capital Markets (Nominated Adviser) 020 7496 3000
Shaun Dobson/Alex Bond (Corporate Finance)
Rachel Hayes (Corporate Broking)
IFC Advisory Ltd
Graham Herring
Tim Metcalfe
Zach Cohen 020 3934 6630
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 - Rochester Hills, 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 and 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.
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving
customers in industrial markets.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation
MRI technologies, including dedicated extremity MRI systems
and MRI system components. Magnetica has successfully built
and tested a compact, integrated 3 Tesla orthopaedic MRI system,
demonstrating clinical-quality imaging. Commercialisation of
this system (and others) is on-going. Magnetica's structure
now includes two other business units:
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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