16th May 2013 07:00
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 |
Related Shares:
HAYT.L