Hayward Tyler Group plc (AIM: HAYT) – positive trading update and new contract
The specialist engineering group has issued a positive trading update confirming “healthy Q4 trading across its markets, the expansion of its sales presence in the Far East, and expansion of its Luton facility is on-track.” The share price of HAYT hasn’t found much support lately so today’s news should reassure.
In the conventional power generation market, Hayward Tyler is pleased to announce that the Company has secured a new contract from Shanghai Boiler Works in China worth over £0.6m for the delivery of two Boiler Circulating Pumps for the 1000MW Supercritical Beijiang power plant in Tianjin Province, Northern China. The order is due for delivery in October and November 2015. In India, an aftermarket order due for delivery before the end of December and valued at over £0.5m, further supports the Company’s conventional power generation installed base in Chhattisgarh state. The newly opened sales office in Shanghai, China, to complement…