14 Mar 2017 07:00
14 March 2017
Hayward Tyler Group PLC
New Order Wins
Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering Group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to announce that the Group has made further progress and won a number of new orders totalling $8.3m (circa £6.8m) from a key and longstanding customer.
The orders, which have been received through Hayward Tyler's US operations, are from Korea Hydro Nuclear Power ("KHNP"), and will be delivered during fiscal year 2018. KHNP is a leading supplier of electricity to the South Korean energy market and has over 20 nuclear plants operating.
Chief Executive Ewan Lloyd-Baker commented:
"This is another major contract win for the Group and is testament to the strong relationship we have with our customers.
We have worked with KHNP for over a decade having provided the original equipment and are delighted to continue to support them in this key market where safety and reliability are paramount.
These orders are further evidence of the Group converting its strong pipeline into tangible order intake. Our reputation for delivering performance-critical products remains integral to our international growth strategy as we continue to win new orders across the globe."
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Hayward Tyler Group plc +44 (0)1582 731 144
Ewan Lloyd-Baker, CEO
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