RNS REACH
21 January 2021
Avingtrans Plc
("Avingtrans", the "Company" or the "Group")
Booth Industries secures £2.9m contract extension
Begins development of new manufacturing facility
Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is delighted to announce its wholly owned subsidiary, Booth Industries (Booth), has secured a contract extension worth £2.9 million with a UK Government agency.
The extension is for the supply of doors designed, developed and tested over several decade's by Booth and demonstrates the businesses unique capability to supply high-integrity assured solutions for specialised applications.
Work will begin immediately, with the doors being delivered over the next 18 months.
Booth Industries also recently completed the demolition of part of its Nelson Street site in Bolton as it makes way for the construction of a new manufacturing facility that will increase the businesses overall manufacturing capacity to 6,400m2.
As well as expanding Booth's manufacturing floor space, the new development will also see investment in new materials handling equipment, new Factory Acceptance Testing (FAT) facilities and improved site welfare.
Mike Jenkinson, managing director of Booth Industries, said: "We're delighted to have been awarded the contract extension, which both sees the business start the new year on the same upwards trajectory we have been on since our acquisition in 2019 and demonstrates the confidence that one of our largest customers has in the business."
Austen Adams, managing director of Avingtrans PLC's Process Solutions and Rotating Equipment division, said: "This is a tremendous start to the year for Booth and builds on its recent success securing contracts on nationally-important infrastructure projects, such as HS2. This contract extension supports the ambitious growth plans we have in place for the business and provides a strong foundation on which to build over the coming year."
"The team at Booth has made great progress over the last 18 months, generating a substantial order book covering more than one year's sales and creating a robust pipeline of forward orders."
Enquiries:
| Avingtrans plc | 01354 692391 |
| Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
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| N+1 Singer (Nominated Adviser) | 02074 963000 |
| Shaun Dobson/Alex Bond (Corporate Finance) Rachel Hayes (Corporate Broking)
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| SEC Newgate (Financial PR) | 02076 539850 |
| Adam Lloyd/ Tom Carnegie |
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About Avingtrans plc:
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.
Energy Steel, Inc - Lapeer, Michigan, USA Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support.
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.
Booth Industries - Bolton, UK Designs, manufactures, installs and services doors and walls which can be tailored to be: blast &explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above
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 cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc, Houston, USA Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. |
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