REG - Avingtrans PLC - Hayward Tyler Secures $16m Nuclear Contracts

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Tue 07:00

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RNS Number : 5232X  Avingtrans PLC  02 September 2025

2 September 2025

 

Avingtrans Plc

 

("Avingtrans", the "Company", or the "Group")

 

Hayward Tyler Secures $16m Nuclear Contracts

 

Avingtrans Plc (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, is pleased to announce that its US-based subsidiary,
Hayward Tyler Inc., has secured two new nuclear contracts with a combined
value of over $16m from long-term existing customer Korea Hydro & Nuclear
Power (KHNP) (the "Contracts").

 

The first contract covers the supply of complete safety-related pumps for
nuclear reactors in South Korea. The second contract involves the provision of
a range of performance-critical spare parts to KHNP. Both contracts will be
manufactured at Hayward Tyler's facility in Colchester, Vermont, with
completion and delivery expected by the end of FY27.

 

Revenue from the Contracts will predominantly be weighted towards FY27 with a
portion of value helping to underpin FY26 forecasts.

 

Duncan Morgan, Group Managing Director of Hayward Tyler, commented: "These
contracts are strategically significant for our business and illustrate the
strong momentum we are enjoying in the South Korean market, which is a growing
opportunity for us. As an original equipment supplier of nuclear pumps and
spare parts to the global nuclear industry for over 50 years, the nuclear
power industry is a key part of our operations. We are proud to be part of an
essential supply chain that ensures the reliability and safety of nuclear
systems worldwide, and we hope these new contracts will lead to further South
Korean orders in due course."

 

Austen Adams, Managing Director of Avingtrans' Advanced Engineering Systems
division added: "We are pleased to have been awarded these contracts in what
is a key geography for Hayward Tyler. Both the new political environment in
South Korea and renewed global sentiment towards nuclear power are
strategically important to our business, as demand for critical nuclear safety
systems and related spare parts and services grows worldwide. With its strong
heritage in the sector, and proven track record across highly regulated,
performance-critical industries, Hayward Tyler is well placed to support
global nuclear operations with parts, units, service and technical expertise
delivered by our experienced, in-house team and leading nuclear quality
programme."

 

Enquiries:

 Avingtrans plc                                          01354 692 391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)   020 7496 3000
 Sara Hale

 Alex Bond

 Oliver Platts

 IFC Advisory (Financial PR)                             020 3934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

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, USA, China and India

 Specialises in the design, manufacture and servicing of performance-critical
 motors and pumps for challenging environments.

 Energy Steel, Inc - Rochester Hills, 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

 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 and 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.

 Slack & Parr - Kegworth, UK, USA & China

 Design, manufacture and servicing of high-precision gear metering pumps,
 hydraulics flow dividers and industrial pumps.

 Composite Products Ltd - Buckingham, UK

 Centre for composite technology, parts and assemblies, serving customers in
 industrial markets.

 Adaptix Ltd - Oxford, UK

 Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary
 applications amongst others. Commercialisation of this system (and others) is
 on-going.

 Magnetica Ltd - Brisbane, Australia

 Magnetica Limited specialises in the development of next generation MRI
 technologies, including dedicated extremity MRI systems and MRI system
 components. Magnetica has successfully built and tested a compact, integrated
 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
 Commercialisation of this system (and others) is on-going. Magnetica's
 structure now includes two other business units:

 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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