Last checked at 18 Feb 2019 07:00
18 February 2019
Avingtrans Plc
("Avingtrans")
Hayward Tyler Secures Contract for Nuclear Reactor Internal Pumps worth over £10m
Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is pleased to announce that its subsidiary, Hayward Tyler, has secured a contract worth over £10m from power company Vattenfall in Sweden. The contract is to provide critical parts and components to the Reactor Internal Pumps installed at the Forsmark nuclear reactors.
Hayward Tyler, owned by Avingtrans plc and inventor of the wet wound submersible motor, was the first company to deploy this technology for the application of driving primary coolant through the reactor core of a Boiling Water Reactor (BWR) in the early 1980s. The Reactor Internal Pump is attached directly to the bottom of the reactor pressure vessel and removes the need for additional pipework making it more efficient, economic and safer than earlier designs.
The first reactors to use internal recirculation pumps were designed by ASEA-Atom and built in Sweden in the 1980s. These plants have operated very successfully for many years and Hayward Tyler has provided continuous support. A programme of ongoing improvements designed to modernise the reactors and extend their operating life has resulted in this most recent contract, which will be executed over two years between 2020 and 2022.
Mike Turmelle, President of the Engineered Pumps and Motors division of Avingtrans, said: "Supporting all our installed base across the globe is in the DNA of Hayward Tyler. The successful operation of these highly engineered, safety related pumps for so many decades is testament to the exacting standards of quality and design of the original product, and we are honoured to work with our customer in supporting the next phase of successful, safe operation of the plant".
Steve McQuillan, CEO of Avingtrans, added: "Avingtrans energy divisions continue to foster their long-term relationships in the nuclear industry which deliver significant value to the business in line with our long-term strategy. We are proud of our business' nuclear heritage and excited by the opportunities that continue to develop on both operating facilities and new facilities across the nuclear fuel cycle. These contracts reinforce Hayward Tyler's position as a global industry partner in the continued safe operation of low carbon nuclear power plants"
Enquiries:
Avingtrans plc Steve McQuillan, CEO Stephen King, CFO
| 0135 469 2391 |
N+1 Singer (Nomad and Broker) Shaun Dobson/Lauren Kettle (Corporate Finance) Mia Gardner/Rachel Hayes (Corporate Broking)
| 0207496 3000 |
Newgate Communications (Financial PR)Adam Lloyd Tom Carnegie | 020 7653 9850 |
About Avingtrans
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments.
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China |
Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.
Maloney Metalcraft Ltd - Aldridge, UK |
Designs, manufactures and services oil and gas extraction and processing equipment, including process plant for dehydration, sweetening, drying and compression.
Ormandy Group, Bradford, UK Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products
Peter Brotherhood - Peterborough, UK Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems.
|
Composite Products Ltd - Buckingham, UK Centre for composite technology, parts and assemblies, serving customers in industrial markets.
Scientific Magnetics - Abingdon, UK Designs and manufactures superconducting magnet systems and associated cryogenic systems for a variety of markets including MRI and provides service and support for Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA Designs, manufactures, tests and installs instrumentation, including full consoles, system upgrades, and solid-state probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.
Crown International Ltd - Portishead, UK Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.
|