Business
Maloney Metalcraft signs £3.5m contract with EDF
Maloney Metalcraft signs £3.5m contract with EDF.
About this update from Avingtrans Plc
[{"type":"text","content":"\n \nRNS Number : 9072F Avingtrans PLC 02 August 2016 \n\n02 August 2016\nAvingtrans Plc\n(\"Avingtrans\" or the \"Company\" or the \"Group\")\n \nMaloney Metalcraft signs £3.5m contract with EDF\n \nAvingtrans (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 £3.5m, to supply components for their current fleet of seven nuclear power stations across the UK.\n \nMaloney 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.\n \nAusten 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. \n \n\"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.\"\n \nSteve 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.\" \n \nFor further information, visit www.maloney-metalcraft.com \n \nEnquiries:\n\n\n\n\nAvingtrans plc\nSteve McQuillan, Chief Executive Officer\nStephen King, Chief Financial Officer\n \n\n\nTel: 01159 499 020\n\n\n\n\nNumis \nRichard Thomas (Corporate Finance and Nominated Adviser)\nTom Ballard (Corporate Broking)\n \n\n\nTel: 0207 260 1000\...