Energy industry enabler, Hayward Tyler Group in Luton, has seen a fresh surge in global orders.
The company specialises in the design, engineering and manufacture of fluid filled electric motors and pumps for the global energy market.
A trading update from its quoted parent, SEG, said that following an increase in sales pipeline activity during the latter part of 2010, the momentum within Hayward Tyler’s main manufacturing and aftermarket services divisions had continued into 2011.
For the year to date (up to the end of April 2011) intake levels have increased by over a third compared to the same period last year for both new units and aftermarket orders. Currently, the forward order book stands at £22.4m.
Within the conventional power generation market, Hayward Tyler’s activities continue to be heavily focused on Chinese and Indian markets with a number of new units shipped to these territories.
In nuclear power generation, Hayward Tyler has completed a shipment to one of America’s largest producers and transporters of nuclear energy.
Valued at $3.6 million, the order was for aftermarket spares. To date, Hayward Tyler has installed equipment in almost 60 per cent of the nuclear power plants in North America and in over 140 Nuclear Power Installations globally.
Hayward Tyler continues to make good progress in the European oil & gas sector. It recently completed and shipped a 2.7MW Subsea Motor to the GE Oil & Gas Universal Subsea Boosting research project.
The shipment follows a two year development programme, the initial contract having been awarded in 2009. The Hayward Tyler subsea motor will be used at the USB test programme at GE’s Nuove Pignone facility in Bari, Italy.
Across the oil & gas group up to the end of April, Hayward Tyler’s order intake was over £12.5m.
SEG confirmed that talks were continuing that might lead to a takeover of the company. CEO Ewan Lloyd-Baker said shareholders would be updated in due course.
On Hayward Tyler’s continued success, he said: “Hayward Tyler has established itself as a global market leading brand in its sector, the group now having revenues healthily split across the US, Europe, India and the Far East.
“Our strengthened balance sheet following the recent funding round is likewise allowing us to further deepen our market penetration and product development activity.”
• Photograph shows Hayward Tyler CEO, Ewan Lloyd-Baker





Global orders surge for Luton energy specialist

