Hayward Tyler Group plc (AIM: HAYT) - Luton expansion and London event
he AIM quoted specialist engineering group has announced that that works relating to the expansion plans for its main manufacturing facilities at Luton have commenced as a result of the recently awarded £3.5m Regional Growth Fund. Management commented on the growing interest in civil nuclear activity in the UK which offers a balance to their oil and gas related exposure.
A key focus for the Regional Growth Fund backed project, in addition to increasing the Group’s production capacity and operating efficiencies, is to create assembly lines and dedicated test pits for each of its energy markets - civil nuclear, conventional power and oil & gas. In total the footprint of the factory will increase by approximately 50% which, combined with the on-going operational improvements, should provide a doubling of potential capacity. The Group currently has over 700 units installed in nuclear power stations globally with a focus on the US, Canada, South Korea, the UK and Sweden. It’s worth finding…