PRESS RELEASE BY MBD...

UK VALVES MARKET RESEARCH REPORT

RELEASED: JANUARY 2008

After researching the UK valves market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

MARKET REVIEW 2003-2007:

In 2007 the UK market for valves is believed to have increased by 3% to £668.1 million. This consolidated year-on-year cumulative growth of 9% between 2004 and 2006. Prior to this, demand for valves contracted by 11% in 2003, reflecting the downturn in manufacturing output and business investment.

MARKET FORECAST 2008-2012:

MBD believe the UK market for valves will continue to increase during the forecast period, with annual growth rates expected to oscillate between 2% and 6%. Overall, demand for valves is projected to increase by 23% between 2007 and 2012, reaching £824.3 million (at 2007 prices) in the latter year. Demand is expected to be driven by increased process plant investment anticipated in a number of enduse industries, including the water and sewerage sector along with the electricity supply sector.

NOTE TO EDITORS:

Market & Business Development Ltd specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

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