Ewan Lloyd-Baker, CEO, Hayward Tyler Group
Could you tell us about your company and the line of products you manufacture? Hayward Tyler is a market leader in the design, manufacture and servicing of performance-critical motors and pumps for the power generation, oil and gas and chemical/industrial markets. In the generation market ´ which for Hayward Tyler embraces conventional, nuclear and renewables ´ our core product line is the Boiler Circulation Pump which we originally invented over 60 years ago and have been developing ever since. Today Hayward Tyler has the largest installed BCP base worldwide with over 2,300 units sold and c.150 units operational in India alone.
How has your growth been over the years? What are your plans to take it to the next level?
Hayward Tyler has an enviable heritage stretching back 200 years and is a recognized brand for quality, reliability and longevity. We also have a strong international presence with facilities in the UK, USA, China and India. Over the past 4 years, revenues have grown by over 50 per cent. With regards to the future, our focus is on increasing output, further reducing lead times and product innovation. This is being underpinned by an investment of over $15 million in our Luton-based Centre of Excellence.
Are there any new products that have been or will be launched soon? Tell us about them.
On the power side, we continue to enhance and improve the design of our BCPs. In particular, improving the efficiency and extending the meantime between maintenance periods for customers, as developments in the industry lead to larger, more complex demands. We also continue to develop market leading products for our other core markets, the most recent being the world´s largest subsea motor for the offshore oil industry.
The Nuclear AMRC is doing a lot of work in the EU, are there such plans for the Indian market too?
We provided pumps into the world´s first ever civil nuclear power station, Calder Hall, back in 1956 and have been providing units to nuclear power stations across the globe ever since. The recent work we are undertaking in the UK with the Nuclear Advanced Manufacturing Research Centre is about preparing the company for the nuclear new build opportunities in the UK ´ Hinckley Point being the first one. With our ´nuclear´ stamped facility in the US we are already working with our colleagues in the Indian power sector to capitalize on the opportunities for cross-learning and development, as civil nuclear becomes firmly embedded as a part of India´s growing power generation mix.
How do you assess the market scenario in India? What impact do you think the new government policies or changing market conditions will have on your organisation?
The Indian power market has been relatively quiet for us in the 18 months leading up to the end of 2014. This was mainly impacted by the political changes and uncertainty over government policy and the funding situation. With the new Government under Prime Minister Modi, we are seeing a considerable uptick in activity levels as new and existing projects come on stream, and we are now looking to invest heavily into our Indian operations to support the anticipated growth. India is a key market for us and one in which we have already been operating for over 35 years, so we are keen to build on the strong foundations we already have. Whether it is conventional thermal coal fired power generation, civil nuclear or even solar or tidal, Hayward Tyler has been the tried and tested partner for many customers for generations, so we are excited by the future and all the opportunities it brings.
Hayward Tyler – 200 years of engineering excellence
1815 – Company founded in London, England.
1872 – Business moves to Luton, its current global Head Office.
2001 – Facility established in New Delhi, India.
2010 – Company listed on the London Stock Exchange.
2014 – naugural dividend paid to shareholders.
2015 – 200 year anniversary celebrated by a visit to the Luton Centre of Excellence by HRH Duke of Kent.