ROR Rotork Plc

RNS Number:3328W
Rotork PLC
23 May 2002

23rd may 2002



                                    Rotork plc

                                AGM Statement 2002

After the strong start to the year order input in March and April was slower
than anticipated at the time of writing my statement in the Annual Report and
Accounts.  There has been, in some markets, evidence of projects being delayed
or taking longer to develop than normal.  Having said that, the majority of
territories are still reporting good levels of project activity and are
anticipating reasonable business levels over the next few months.  Despite the
recent input levels, the order book at the end of April was 9% up on the 2001
year end figure after excluding Jordan which was acquired in January 2002.



The improved performance of Rotork Fluid System in 2001 which was noted in the
preliminary statement has been built upon in the period since then.  Order
intake is ahead of budget and operating performance well up on last year.
Conversely the Gears business continues to be negatively impacted by various
factors.



The breadth and range of the company's valve actuation products continue to
develop.  New Fluid System products are to be launched in the next few months
and development work on the major electric actuator projects, the IQT and
Mayflower, is on track.  A new manufacturing facility in Malaysia has been
leased and will commence operations at the end of the current year.  Whilst
Jordan Controls are continuing to find their domestic US market difficult, good
progress has been made in developing their marketing strategies in Europe and
elsewhere around the world.






Bill Whiteley
23 May 2002



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