Weir expands ore-processing platform in mining markets

Engineering giant Weir Group said it is expanding its presence in the mining and minerals markets through a number of agreements for crushing, grinding and screening equipment and services.

Engineering giant Weir Group said it is expanding its presence in the mining and minerals markets through a number of agreements for crushing, grinding and screening equipment and services.

The combined upfront cost of these agreements is £7m with a similar amount expected to be invested over the next three years, said the Glasgow-based pumpmaker.

Advertisement - Article continues below

Chief Executive Keith Cochrane said: "These agreements will extend our addressable market by around £750m and represent the logical next steps in our growth strategy in minerals processing, providing access to attractive markets that we know well and can benefit from our capabilities and technology."

Weir has signed an exclusive and perpetual licence with KHD, for control over the design, manufacture and distribution of High Pressure Grinding Rolls (HPGR) in minerals processing applications using KHD technology. KHD will receive royalty payments on equipment sales.

It has also entered the crushers market through a partnership with Taiwan's Minyu Machinery, which designs and manufactures crushing equipment.

Weir said it has completed the acquisition of Aspir, a small Australia-based centrifuge producer with innovative technology.

"Combined with Weir's existing screens and hydrocyclones portfolio, Aspir centrifuges enable Weir to provide packaged minerals classification solutions," it said.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020