On February 16, 2007, Sulzer announced its interest in the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland. Negotiations will not be continued, as no agreement was reached concerning intellectual property rights.
The Weir Group PLC announced the signing of an agreement to purchase 100% of the issued share capital of Pompe Gabbioneta SpA, a specialist petrochemical pump business located in Milan, Italy. The consideration for the purchase will be €100 million payable in cash on completion.
The Weir Group PLC has entered into agreements to dispose of the desalination and water treatment businesses of its Techna Division to Veolia Water Systems, part of Veolia Water, the water division of Veolia Environnement.
The Glasgow based engineering group Weir announced a significant restructuring of its Weir Pumps business which is part of the Group’s Clear Liquids division.
Weir Group reports the results for 53 weeks ended 31 December 2004. Highligts include
Weir Services Australia has been awarded two major contracts for water treatment plants at BHP Billiton’s Ravensthorpe Nickel Project.
Highlights: Significant increase in order input – over 25% at constant exchange rates; Increased order input driven by new products and markets; Improving outlook on new orders in Clear Liquid and Techna; Strong turnover and profit growth in Engineering Services; New product introduction programme on track; Earnings per share up 2%; dividend up 3%
Weir Pumps has been selected to supply pumps to a major Canadian offshore gas project. Under the contract valued around US$ 8 million, Weir will supply firewater pumps, seawater lift pumps, condensate export pumps and general service pumps for Exxon’s Sable Tier-2 Gas Project.
Weir Roto-Jet VSR 2100 Pump Wins Technical Innovation of the Year Award From British Pump Manufacturers Association.
Building on a proud track record and extensive reference list, Weir Envig has recently secured a turnkey contract for the design, supply and installation of an extensive water treatment plant at Iscor’s Vanderbijlpark Steel works in South Africa.
