StockMarketWire.com - The Directors of Specialist Energy Group the specialist engineering group, are pleased to provide a trading update for the Company including its wholly owned subsidiary Hayward Tyler Group Ltd which specialises in the design, engineering and manufacturing of fluid filled electric motors and pumps for the global energy market.
Following an increase in sales pipeline activity during the latter part of 2010, the Board reports the momentum within Hayward Tyler's main manufacturing and aftermarket services divisions has continued into 2011. For the year to date (up to the end of April 2011), intake levels have increased by over one third compared to the same period last year for both new units and aftermarket orders. Currently, the forward order book stands at £22.4m.
Within the conventional power generation market, Hayward Tyler's activities continue to be heavily focused on Chinese and Indian markets with a number of new units shipped to these geographies during this period.
Meanwhile, within the nuclear power generation market, Hayward Tyler has successfully completed a shipment to one of America's largest producers and transporters of nuclear energy. Valued at USD3.6 million, the order was for Aftermarket Spares and was successfully shipped during the first quarter.
Across the Group and for the period up to the 30 April 2011 Hayward Tyler's order intake was over £12.5m.
Story provided by StockMarketWire.com
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