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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avingtrans Plc | LSE:AVG | London | Ordinary Share | GB0009188797 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-10.00 | -2.70% | 360.00 | 350.00 | 370.00 | 370.00 | 360.00 | 370.00 | 24,985 | 11:52:35 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 136.62M | 3.65M | 0.1108 | 32.49 | 121.72M |
13 February 2025
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Booth Industries secures £4.5m Contract
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 its subsidiary Booth Industries (Booth), has secured a new £4.5 million contract to supply pressure-rated fire doors for HS2.
The contract expands upon Booth Industries' involvement in the HS2 project, following the £36 million contract secured in September 2020 to supply cross passage doors for the London-to-West Midlands segment of the route. Booth will begin mass production of the cross-passage sliding doorsets in its 600m², state-of-the-art production cell during 2025.
Following the initial HS2 contract, Booth developed tested doors capable of withstanding high pressure shockwaves across more than 5 million cycles, delivering a design life exceeding 30 years. This proven innovation and expertise are now being applied to bespoke designs for the newly awarded pressure-door contract.
Austen Adams, divisional managing director of Avingtrans' AES division, commented:
"The new contract is fantastic news for Booth and represents a significant step forward for the business. Both sets of safety doors will play a crucial role in the operation of the railway, sealing off passageways between tunnels and providing access in case of emergency.
"With trains capable of travelling at speeds of up to 250mph passing within metres of the doors, they not only need to provide reliable fire integrity and insulation but also to withstand a wide range of challenging day-to-day environmental and fatigue pressures. Both doorsets have already set new benchmarks for the industry and we are delighted to see Booth reinforcing its position as an innovator in the sector, developing specialist products with genuine global market potential."
Enquiries:
Avingtrans plc |
01354 692 391 |
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
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Singer Capital Markets (Nominated Adviser and Broker) |
020 7496 3000 |
Shaun Dobson Alex Bond Oliver Platts |
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IFC Advisory (Financial PR) |
020 3934 6630 |
Graham Herring Tim Metcalfe Zach Cohen |
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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 & Nottingham, UK, USA, China and India
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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.
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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