The September orders mean the new contracts signed by Hayward Tyler in the first half of the year now stand at £27.6 million, 7% up on the same period last year and ahead of internal targets.
The new orders include a contract worth over £7 million for a range of nuclear spares for Korea Hydro and Nuclear Power; a nuclear contract for canned motor pumps for Sellafield in the UK; aftermarket orders in India and Argentina, and new unit wins for new-build conventional power stations in China.
Hayward Tyler expects the bulk of the September orders to be shipped during the next 12 months with approximately 50% falling within the current financial year.
Hayward Tyler CEO Ewan Lloyd-Baker said: “Given the visibility we now have, and the ongoing positive outlook for new orders, the board is confident in the group’s ability to at least achieve current market expectations for the full year. We likewise continue to drive our improvement programme forward across our existing sites - the on-going investment programme at our Luton centre focused on ensuring that we have scale-able production capabilities that will allow us to significantly increase output over the mid to long-term. We are also looking to develop longer term opportunities in our end markets.”
