LONDON, UK: Avingtrans PLC (AIM: AVG), which designs, manufactures and provides critical components, modules, systems and associated services to the energy, medical and industrial sectors, introduced Hayward Tyler, Inc has secured two new nuclear contracts worth a complete of US $7m, to be accomplished earlier than June 2023, from a South Korean buyer Korea Hydro & Nuclear Power.
These contracts are to present critical nuclear security associated spare parts to reactors in South Korea for Nuclear Service Cooling pumps. Hayward Tyler has been an original equipment provider of nuclear pumps and spare parts to the worldwide nuclear industry, together with Korea Hydro & Nuclear Power, for over 50 years.
Hayward Tyler Inc. continues to support global nuclear operations with parts, units, service, and technical support through its team of nuclear professionals and the underlying nuclear high quality program.
These two contracts are strategically significant and illustrative of the strong momentum Hayward Tyler is having fun with within the South Korean market which it more and more sees as a rising alternative for the business.
Mike Turmelle, Managing Director of the Engineered Pumps and Motor division said: “Support to the worldwide nuclear energy industry continues to be a key a half of the Hayward Tyler business. The Hayward Tyler team are proud to be a half of this important present chain and devoted to the reliability and security that’s required of the systems our pumps function in.”
Steve McQuillan, CEO of Avingtrans, commented: “We are delighted to have been awarded these contracts in a key geography for Hayward Tyler. Both the brand new political environment in South Korea and global sentiment towards nuclear energy are of significant significance to HT as extra nuclear plants will be in want of critical nuclear security associated spare parts. We are hopeful that this will result in additional orders in due course.”
Avingtrans designs, manufactures and provides original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
www.avingtrans.plc.uk