Avingtrans jumps as Hayward Tyler units secures another US$3mln worth of new contracts
Hayward Tyler has won contracts worth US$3.4mln related to molten salt applications in advanced nuclear and solar power technologies in the US
Company
LON:AVG
Avingtrans PLC designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
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Hayward Tyler has won contracts worth US$3.4mln related to molten salt applications in advanced nuclear and solar power technologies in the US
Hayward Tyler – which Avingtrans acquired almost exactly one year ago - has a history of supporting the UK nuclear submarine fleet since the Valiant class boats of the 1960s
Roger McDowell, chairman, said the company has moved swiftly to improve the operating performance of the Hayward businesses where restructuring is substantially complete
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KHNP has placed US$10mln worth of orders with the company since Avingtrans acquired it last September
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The AIM-listed firm – which recently agreed the all-share takeover of motor and pump designer Hayward Tyler PLC (LON:HAYT) – said the contract builds on Metalcraft's longstanding relationship with Cummins
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Some of the day's headlines on the Proactive Investors newswire