INNOVATIONS are helping Pegler Yorkshire’s revenues to keep growing, despite ‘mediocre’ demand from the housing market in the United Kingdom, according to Dutch parent group Aalberts Industries.
Aalberts highlights the contribution new products, including hot water tap and plastic piping systems, and the growth in export of insert and press fittings, have made to the Doncaster-based plumbing and heating products company’s success.
The news came just as the St Catherine’s Avenue firm unveiled its latest innovation – a new design of thermostatic mixing valve that will boost quality for householders while saving money for distributors, installers and contractors.
Thermostatic mixing valves mix hot and cold water to prevent scalding by ensuring the temperature of water coming out of taps and showers is constant and safe.
Pegler Yorkshire has become a market leader in the field of designing the valves and, following changes in regulations, the company has designed a new valve that can be used in some commercial applications – including parts of hospitals – as well as in the home.
The new valve will cut the cost for professionals because it reduces the number of different valves they have to stock or use from eight to four, while also reducing servicing costs.
Aalberts says its Flow Control division, which includes Pegler Yorkshire, increased revenue and market share in the first half of 2011 and maintained margins at a good level, despite rising raw material costs.
n Interest in investing in or acquiring Indian businesses is increasing according to business advisers Grant Thornton.
The firm says investment in Indian businesses from outside the country was higher than foreign investment by Indian businesses during the first half of the year, reversing the previous trend.
Jamie Preston, senior tax manager at Grant Thornton in Yorkshire, believes interest in Indian businesses is set to increase further, with South Korean and Russian investors joining “regulars” such as the US, Europe and Japan.
“We see the opportunities within the infrastructure market and related sectors as substantial,” said Mr Preston.