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Hayward Tyler Group starts work on Luton expansion after securing £3.5 million funding

Isle of Man-based specialist engineering group Hayward Tyler Group has reported work on its main manufacturing facilities at Luton have commenced after receiving £3.5 million from the Regional Growth Fund.

Demolition and site clearance of structures on land owned by the group adjacent to its main manufacturing centre in Luton is scheduled for completion late February 2015.

A key focus for the Regional Growth Fund backed project 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.

Ewan Lloyd-Baker, CEO of Hayward Tyler, said: “We continue to remain positive about the longer term opportunities in our end markets which underlines the need for us to both expand capacity and improve efficiencies at our main manufacturing facility in Luton.

“We are also pleased by the growing interest in civil nuclear activity in the UK which has resulted in our appointment of a dedicated Business Development manager to capitalise on the opportunities we now see.”

Hayward Tyler currently has over 700 units installed in nuclear power stations globally with a focus on the US, Canada, South Korea, the UK and Sweden.

This was posted in Bdaily's Members' News section by Ellen Forster .