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Avingtrans Secures £4.5m HS2 Contract, Strengthening Market Position

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Avingtrans Secures £4.5m HS2 Contract, Strengthening Market Position

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An announcement from Avingtrans ( (GB:AVG) ) is now available.

Avingtrans PLC’s subsidiary, Booth Industries, has secured a significant £4.5 million contract to supply pressure-rated fire doors for the HS2 project, building on a previous £36 million contract for cross passage doors. This development highlights Booth’s innovative expertise in creating industry benchmark safety products with global market potential, reinforcing its position in the sector by providing crucial infrastructure for high-speed railways.

More about Avingtrans

Avingtrans PLC designs, manufactures, and supplies original equipment, systems, and aftermarket services for the energy, medical, and industrial markets worldwide. Its business units include Hayward Tyler, Energy Steel, Stainless Metalcraft, Booth Industries, Ormandy Group, Composite Products, Adaptix, Magnetica, Scientific Magnetics, and Tecmag, which specialize in various high-performance and safety-critical products and systems.

YTD Price Performance: -4.00%

Average Trading Volume: 25,004

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £119.1M

See more insights into AVG stock on TipRanks’ Stock Analysis page.

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