During 2012, the company experienced notable growth in the international oil & gas market where it received orders valued at nearly £7 million for its range of seawater lift and firewater pumps. In the power generation market, Hayward Tyler secured multiple orders from India and China for its boiler circulating pumps. Since year-end, the trend has continued with Hayward Tyler winning a further new order from India valued at £0.8 million from BHEL, India’s largest boiler provider.
“Significant steps have been taken over the last 12 months to improve the operational efficiencies within our core manufacturing activity so that we can better leverage Hayward Tyler’s growing international order book. As a consequence, we are now seeing a genuine momentum within Hayward Tyler which the board believes will be healthily reflected in our full year results,” said Ewan Lloyd-Baker, CEO of Specialist Energy Group plc, the parent company of Hayward Tyler.
Specialist Energy Group expects to publish its unaudited preliminary results for the year ended 31 December 2012 on or around the week ending 1 March 2013.
