Business
Metalcraft secures long-term contract with Cummins
Metalcraft secures long-term contract with Cummins.
About this update from Avingtrans Plc
[{"type":"text","content":"\n \nRNS Number : 0970O Avingtrans PLC 16 August 2017 \n\n16 August 2017 \n \nAvingtrans Plc\n(\"Avingtrans\" or the \"Company\" or the \"Group\")\n \nMetalcraft secures long-term contract with Cummins\n \nAvingtrans (AIM: AVG), which designs, manufactures and supplies critical components, modules and associated services to the energy, medical and traffic management sectors is pleased to announce that Stainless Metalcraft (Chatteris) Ltd. (Metalcraft), has secured a framework contract for the Group's Energy Division with Cummins Inc., a producer of diesel and alternative fuel engines and electrical generator sets, worth an additional £3.6 million in revenue to Metalcraft over 3 years.\n \nBuilding on Metalcraft's longstanding relationship with Cummins, this framework agreement provides for the supply of fabricated generator stator frames over the next 3 years with a follow on 1 year rolling commitment. Metalcraft will maintain a dedicated motor frame production facility to support this activity.\n \nThis latest long-term agreement brings the total value of such agreements to more than £100m over the last three and a half years.\n \nAusten Adams, Managing Director of Metalcraft and Avingtrans Plc's Energy and Medical division, said: \"This is another significant step forward for Metalcraft in the energy market. The addition of another long-term contract is entirely consistent with our strategy of building a portfolio of strong forward commitments.\"\n \nSteve McQuillan, Chief Executive Officer of Avingtrans Plc, added: \"The Board is delighted that Metalcraft has secured this long-term contract with Cummins. Metalcraft's ability to win extended commitments from significant global operators such as Cummins is a testament to the expertise and hard work of the Metalcraft team. Metalcraft continues to underline its position as a leading player in its chosen markets and has further highlighted its status as a world class business.\"\n \nEnquiries:\n\n\n\n\nAvingtrans plc \nSteve McQuillan, CEO\nStephen King, CFO \n \n\n\n0135 469 2391\n\n\n\n\nN+1 Singer \nShaun Dobson\nLauren Kettle\n \n\n\n020 7496 3000\n\n\n\n\nNewgate Communications \n(Financial PR)\nAdam Lloyd\nEd Treadwell\nJames Browne\n\n\n020 7653 9850\n\n\n\n\n \nAbout Avingtrans\n \nAving...