LONDON (Alliance News) - Specialist engineering company Hayward Tyler Group PLC Thursday said that it completed a series of key contracts wins and agreements across its main markets in February.
The group said in the conventional power market it has secured a BCP contract win in Europe for around GBP0.65 million, as well as new contracts for supercritical boiler pump sets in China valued at over GBP2 million.
It said in the oil and gas market it recently won a GBP0.5 million spare motor contract for deployment in the Ekofisk field.
Hayward Tyler also said it has completed its new banking facilities with The Royal Bank of Scotland PLC, which is said will deliver cost savings.
"The re-banking is allowing us to take full advantage of the improving environment we are experiencing across our core markets. These contract wins and the overall momentum of the company give us confidence that trading for the full year period will be at least in line with current market expectations," said Chief Executive Officer Ewan Lloyd-Baker in a statement.
Shares in the company were company were trading 1.8% higher at 83.00 pence per share Thursday early afternoon.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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