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Last updateMon, 19 Oct 2020 3pm

The Weir Group Reports Higher Orders, Revenues Than 2007

The Weir Group's 2008 first half order input of £734 mln was 32% above the prior year period, and revenues from continuing operations increased 46% to £632 mln. Order input for the Power & Industrial division, which includes the valve group, grew 52% to £158 mln.

Source: Weir

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Market for Industrial Valves to Reach $56 Billion in 2012

The world market for industrial valves will reach approximately $56 billion by 2012 according the McIlvaine Company online report Industrial Valves: World Market. Compared to 2007 estimates of $45 billion, this figure represents worldwide growth just short of 25 per cent over the next five years.

Source: Engineer Live

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Weir Looks to Build on £81 Million Profits With Buys

Weir Group chief executive Mark Selway is on the lookout for further acquisitions as the integration of the engineering business's most recent purchases starts to produce returns.

Mr Selway indicated that it will not be too long before other deals are announced.

Source: Telegraph

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Sherwood Valve Announces Plant Consolidation

Sherwood Valve LLC, a division of Taylor-Wharton International, is consolidating all manufacturing and assembly operations into the company’s Washington, Pennsylvania and Cleveland, Ohio facilities. Current production processes at the Niagara Falls, NY factory will be relocated to Washington and Cleveland.

Source: Sherwood Valves

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Emerson Process Management Sales Increased 18% in Third Quarter

(08/05/08) Emerson Process Management continued to demonstrate strong momentum as sales increased 18% and margin for the segment expanded 170 basis points for the third quarter. Underlying sales were up 13%, favorable currency translation added 6% and a divestiture, net of an acquisition subtracted 1%. 

Source: Emerson

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