AVG Avingtrans Plc

TIDMAVG

RNS Number : 4608F

Avingtrans PLC

21 February 2018

21 February 2018

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Hayward Tyler secures contract from Korea Hydro & Nuclear Power

Avingtrans (AIM: AVG), which designs, manufactures and supplies critical components, modules and associated services to the energy and medical sectors is pleased to announce that Hayward Tyler ("HT") has won a US$6.7 million contract from Korea Hydro & Nuclear Power ("KHNP"), a subsidiary of the Korea Electric Power Corporation ("KEPCO").

Hayward Tyler has been an original equipment supplier of pumps and spare parts to KHNP for over 40 years. This latest order, for spare parts to upgrade and refurbish existing Nuclear power plants, the largest HT has received from KHNP, takes the total value of orders received from this customer since completion of the Company's acquisition of the HT group in September 2017 to over US$10 million.

KHNP is a leading supplier of electricity to the South Korean energy market, responsible for approximately 40 per cent. of the country's electric power, and has over 20 operating nuclear plants. HT continues to support their operations with parts, units, and technical support through its nuclear quality program.

Mike Turmelle, Managing Director of the Hayward Tyler division, said: "This is a significant order for Hayward Tyler in the nuclear energy market. KHNP is a highly valued existing client and the size of this contract confirms HT's strong credentials in international energy markets.

"This important customer's commitment is a testament to the expertise and hard work of the HT team, while large contracts such as this continue to underline HT's status as a world class business in the international nuclear market."

Enquiries:

 
 Avingtrans plc 
  Steve McQuillan, CEO 
  Stephen King, CFO        0135 469 2391 
 N+1 Singer 
  Shaun Dobson 
  Lauren Kettle            020 7496 3000 
 Newgate Communications 
  (Financial PR) 
  Adam Lloyd 
  Ed Treadwell 
  James Browne             020 7653 9850 
 

About Avingtrans

Avingtrans is engaged in the provision of highly engineered components, systems and services to the energy, medical and traffic management industries worldwide.

Energy and Medical

 
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. 
 
 Hayward Tyler - Luton & East Kilbride, UK 
 and USA, China and India 
 Specialises in the design, manufacture and 
 servicing of performance-critical motors 
 and pumps in challenging environments 
 
 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 
 
 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. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 21, 2018 02:01 ET (07:01 GMT)

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