16th Jan 2019 09:30
LONDON (Alliance News) - Engineering firm Avingtrans PLC said Wednesday its subsidiary Hayward Tyler has formally opened a new state-of-the-art factory in China.
Hayward Tyler - a pumps and motors maker - has opened the new 3,250 square metre factory in Kunshan within the Jiangsu Province.
"With the support of Avingtrans, Hayward Tyler's vision is to bring world class products and service to the markets we are engaged in," Avingtrans Engineered Pumps & Motors Division President Mick Turmelle said.
"In China we are no longer just a high-quality service organisation," Turmelle added. "Opening this new plant allows Hayward Tyler the capability to manufacture performance critical pumps here in China and also gives Hayward Tyler the opportunity to expand our service offerings, add to our engineering talent and develop a China-based supply chain that can benefit the whole company."
In August 2017, Avingtrans acquired Hayward Tyler Group for GBP29.4 million.
"Avingtrans has been investing in China for over 10 years," Avingtrans Chief Executive Officer Steve McQuillan said. "When we acquired Hayward Tyler in 2017, we were pleased to support the proposal to build a new factory in Kunshan and we are delighted that our third major investment in Chinese manufacturing is fully open for business."
Shares in Avingtrans were 3.2% higher at 209.58 pence on Wednesday.
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