The Weir Group plc (LSE: WEIR) is a British engineering company headquartered in Glasgow, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
[edit] History
The Company was established in 1871 as a pump manufacturing business.[2] It was first listed on the London Stock Exchange in 1947.[2]Double-acting Weir steam pumps were virtually standard fitment on British-built steamships, being used for pumping water, fuel, air and much else well into the 1950s, as well as being used on other ships worldwide.
In July 2005, the Company sold its desalination and water treatment businesses, (Weir Westgarth, Weir Entropie and Weir Envig) to Veolia Water Systems, part of Veolia Water, the water division of Veolia Environnement: Weir Westgarth had been a pioneer of the multi-stage flash distillation process used predominately to produce desalinated water from seawater.[3]
The Company bought Pompe Gabbioneta, an Italian pump manufacturer for £69m in 2006.[4]
In May 2007, the Company sold its Glasgow-based business Weir Pumps to Jim McColl's Clyde Blowers plc, with the pump company subsequently being renamed to Clyde Pumps Ltd.[5]
[edit] Operations
The company is structured into three divisions:[6]
- Weir Minerals - manufactures slurry pumps, valves, hydrocyclones and mill lining systems for the mining and mineral processing industries
- Power & Industrial - manufactures pumps and fluid handling systems and provides critical control and isolation solutions for the power generation industry
- Oil & Gas - maufactures pumps, valves and engineering support for the oil and gas industries
[edit] References
[edit] External links
