The Directors of Hayward Tyler are delighted to announce the signing of a production alliance agreement with FMC Technologies, the global market leader in subsea systems. Under the terms of the agreement, Hayward Tyler will manufacture permanent magnet motors for use in FMC Technologies’ 3.2MW subsea pump systems. The agreement is accompanied by an initial US$2 million commitment by FMC Technologies towards the on-going development of Hayward Tyler’s Luton plant.
Ewan Lloyd-Baker, CEO of Hayward Tyler, commented:
“The offshore oil & gas market is of long-term strategic importance to Hayward Tyler and underpins our investment into our Centre of Excellence in Luton. The production alliance agreement with FMC Technologies is of cornerstone importance in relation to our subsea activity.”
The on-going expansion of Hayward Tyler’s Luton manufacturing facility includes a dedicated test facility for its subsea motors.
Jim Pribble, President and General Manager of FMC Technologies’ Direct Drive Systems business added:
“Combined, we can now offer the subsea oil and gas segment the absolute latest technology – and then deliver it with best-in-class manufacturing capability. This critical step ensures our customers receive the most reliable subsea boosting solutions available while enhancing the economics for subsea reservoir development.”