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UK manufacturer reports record order book

Oliver Valves, a British valve manufacturer for the oil and gas industry, has reported an £85 million order book after a year of strong sales in 2013.

Increased sales in key markets including Brazil, the Middle East and Asia led to the record year, up 38% compared to the same period in 2012, according to the company.

Around 90% of Oliver Valves' turnover comes from exports.

Brazil is now the firm's single biggest market. The company plans to increase its presence over the next 12 months into more northern areas of the United States, parts of the Middle East and Far East and the Indian market.