A confident Luton-based manufacturer has won its largest order for nuclear components in 10 years.
Specialist pump maker Hayward Tyler, in Kimpton Road, says its business in the United States picked up £3.1million of nuclear related orders in the period since December 31, including its largest single order in the sector over the last decade.
Other orders received in the period included £2.8million of conventional power pump orders from China and India, £1.2 million of oil and gas orders recorded by the UK business and £2.7 million of mainly power related orders for Africa.
Hayward Tyler chief executive Ewan Lloyd-Baker said: “The on-going progress we are making in our core overseas markets is highly encouraging demonstrated by the strong level of order intake in the final quarter to March 31.
“We are confident that this trend underpins the growth aspirations of the business. In addition, positive trends in our end markets combined with the steps we have taken to control costs and invest in our manufacturing facilities, particularly in Luton, give us further reason for confidence in the current year.”
At March 31, Hayward Tyler’s order intake for the 15 month period stood at £49.5 million, £15million of that since December 31.
Hayward Tyler is currently investing about £800,000 in revamping and consolidating its manufacturing facility, including investing in new kit for the first time in 20 years. The company, also reducing its supplier base, says it is continuing to see the benefits of a relationship with MBE Cologne over the delivery of parts.
The company, which will be 200 years old in 2015, will be releasing its results for the 15 months to March 31 will be published in late June.