07242017Mon
Last updateMon, 24 Jul 2017 3pm

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Valve Manufacturing

Rotork Reports First Quarter Results

Rotork Controls order intake in the first quarter was 7.4% higher than the prior year. The Indian power market has not returned to pre-2012 levels and Europe remains subdued. However, other markets such as the USA have performed well. Project visibility supports confidence that activity levels should increase as the year progresses. The IQ3 is receiving positive feedback from customers and Rotork continues to ramp up production. The integration of Schischek, acquired in January 2013, is going well and the business is performing as expected.

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