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Weir Group Reports First Half 2010 Results

Friday, August 6, 2010  
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Weir’s Power & Industrial Division continued to be active during the first 6 months of 2010 providing a number of opportunities, particularly in China and the US and quotation activity in the hydro and steam turbine markets was encouraging. However, conditions in the Canadian and UK general industrial markets remained challenging.

Order input trends are being influenced by the timing of nuclear new build orders and hydro outage work and some £11m (2009: £17m) of specialty valve orders were realized from nuclear new build programs, ending the period with a record nuclear order book for deliveries beginning in 2011. More…

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