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Investor Open Day and Lord Green Visit

16th May 2013 07:00

RNS Number : 8580E
Hayward Tyler Group PLC
16 May 2013
 



16 May 2013

 

Hayward Tyler Group plc

("Hayward Tyler", the "Group" or the "Company")

 

Investor open day and Lord Green visit

 

Hayward Tyler Group plc (AIM: HAYT.L), the specialist engineering company, is pleased to announce that a group of institutional investors and analysts are today visiting the Company's design and manufacturing facilities in Luton, UK.

 

The tour follows the visit by Lord Green1, Minister of State for Trade and Investment, who formally opened the first phase of the Company's modernisation programme of its manufacturing operations in Luton on 15 May 2013.

 

Management believes the upgrades will deliver annual capacity improvements and underlying efficiency benefits of up to 35% over the next three years. In the January-March period this year, the Company secured £15 million of new orders across its end markets of power generation, nuclear and offshore oil and gas - a record quarter for the Group.

 

Ewan Lloyd-Baker, Chief Executive Officer, commented:

"We are delighted by the external interest starting to be shown in the Group. We look forward to continuing to both grow revenues and improve efficiencies across our operations whilst investing in our highly skilled and technical workforce."

 

- ENDS -

 

Note to editor

1. Please click below to see link to the UKTI release on Lord Green's visit http://www.ukti.gov.uk/pt_pt/export/unitedkingdom/eastofengland/item/502440.html?null

Enquiries:

 

Hayward Tyler Group plc

Ewan Lloyd-Baker, Chief Executive Officer

Nick Flanagan, Chief Financial Officer

 

Tel: +44 (0)1582 436908

Akur Limited - Corporate Finance adviser

Tom Frost

David Shapton

 

Tel: +44 (0)20 7493 6548

FinnCap Limited - NOMAD & Broker

Matt Goode - Corporate Finance

Ben Thompson - Corporate Finance

Tony Quirke - Corporate Broking

 

Tel: +44 (0)20 7220 0500

 

GTH Media Relations

Toby Hall

Suzanne Johnson Walsh

 

Tel: +44 (0)20 7822 7493 / 7492

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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