Glasgow Based Weir News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Scott Wright

WEIR Group has revealed it has suspended its operations in Russia and Ukraine as the military conflict intensifies.

Weir says it is liaising with "relevant intelligence services" as it works to fully restore its IT systems.

Weir has secured mining technlogy deal in Ukraine By Scott Wright WEIR Group has reported an 11 per cent rise in orders from continuing operations for the first quarter amid improving conditions in the mining and infrastructure markets, supported by “near-record” commodity prices. Glasgow-based Weir, which provides equipment to the global mining industry, flagged an encouraging start to the year after profits were hit in 2020 by the impact on activity from coronavirus. Weir’s pre-tax profits from continuing operations fell by three per cent to £184 million last year, which chief ...

Weir Says Sale Of Oil & Gas Unit To Caterpillar Will Close Early 2021 Tue, 22nd Dec 2020 09:16 (Alliance News) - Mining technology company Weir Group PLC on Tuesday said the sale of its oil & gas division to Caterpillar Inc is expected to close in the first quarter of 2021. In early October, Glasgow-based Weir agreed to sell its entire oil & gas division to Deerfield, Illinois-based construction machinery firm Caterpillar for a USD405 million enterprise value, saying proceeds from the sale would be used to reduce the company's leverage On Tuesday, Weir noted that while a majority of regulator...