1 April 2010
Avingtrans plc
("Avingtrans")
£8 million Contract Win and Award Win
Metalcraft Contract Win
Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical
components and associated services to the energy, medical, industrial and
global aerospace sectors, is pleased to announce that its subsidiary,
Metalcraft, has signed a contract with Cummins Generator Technology to supply
generator casings across a range of products for their UK plant.
The contract, which is worth up to £8 million over a 3 year period, has enabled
Metalcraft to make investments in a surface treatment and final finishing
facility which will also enhance its operational capabilities from the
Chatteris site.
Manufacture of the initial prototype and production units has already commenced
successfully and full volume production is on schedule to be achieved by Q3
this year.
Crown International Award Win
In addition, Avingtrans is delighted to announce that its subsidiary, Crown
International, a designer and manufacturer of leading pole and support
fabrication units, has won First Prize in the Infrastructure Category at
Intertraffic Amsterdam 2010.
Crown International's winning `VMC' pole is a wind-up wind-down and round
cantilever system, designed for simplified and safer maintenance of traffic
infrastructure, such as motorway Variable Message Signs.
Awards Chairman Fred Wegman said: "There is a good concept behind this pole, in
terms of minimising the negative impact on road users from closing down lanes
for maintenance. It's a simple idea that works, is being deployed and boasts
impressive results for return on investment, safety and reduced disruption for
road users."
Crown International was shortlisted from an initial 86 contenders from over
nine countries.
Commenting, Steve McQuillan, CEO of Avingtrans, said:
"We are delighted that Metalcraft have been selected by Cummins to provide this
manufacturing capability from within the UK and shows that we can compete
robustly in the international market with the necessary skills, knowledge and
experience to provide a solution which is not only cost competitive, but also
with the depth of process capability to deliver on both quality and volume
requirements.
"The new contract represents a significant order for Metalcraft in the
industrial gas turbines market where it has considerable expertise and we
anticipate that Metalcraft will continue to build its presence in this
substantial international market.
Furthermore, we are very pleased that Crown's innovative and effective VMC pole
design has been recognised with this credible and highly contended Intertraffic
Award win."
www.avingtrans.plc.uk
Enquiries:
Avingtrans plc, Steve McQuillan, CEO
Tel: +44(0)115 949 9020
KBC Peel Hunt, Richard Kauffer
Tel: +44(0)20 7418 8900
Hansard Communications, John Bick /Kirsty Corcoran
Tel: +44(0)20 7245 1100