Source - SMW
Avingtrans unit Metalcraft has signed an exclusive 10 year agreement with Wuhan Zhongke Niujin Magnetic Resonance Technology Co in Wuhan, China, worth an estimated £9m.

The agreement will see Metalcraft, part of Avingtrans plc's energy and medical division, produce high integrity cryostat components for Nuclear Magnetic Resonance systems (NMR).   Component production will initially take place in the UK at Metalcraft's facility in Chatteris, before transitioning manufacturing to Metalcraft's own established facility in Chengdu, China.




At 8:04am: (LON:AVG) Avingtrans PLC share price was +4.5p at 197.5p



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