Last checked at 1 Apr 2010 07:00
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.ukEnquiries:Avingtrans plc, Steve McQuillan, CEOTel: +44(0)115 949 9020KBC Peel Hunt, Richard KaufferTel: +44(0)20 7418 8900
Hansard Communications, John Bick /Kirsty Corcoran Tel: +44(0)20 7245 1100
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