Hayward Tyler China expansion

Hayward Tyler opens Shanghai office as it eyes nuclear and chemicals market opportunities

Specialist engineering group Hayward Tyler (LON:HAYT) disclosed £1.1mln of contract wins in an upbeat fiscal fourth quarter update.

Trading has been healthy across all of Hayward Tyler’s markets in 2015, and the company said it successfully opened a new sales office in Shanghai to complement its existing service and overhaul facility in Kunshan, a city in the greater Suzhou region of China.

The new contracts announced on Monday were both from the eastern hemisphere. A contract from Shanghai Boiler Works in China for the delivery of two boiler circulating pumps for the 1000 megawatt super-critical Beijiang power plant in Tianjin Province, Northern China, is worth more than £600,000. The pumps are due for delivery in October and November this year.

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