Weir Group Sees Strong Growth in Mining Orders

Weir Group plc (The) (GB:WEIR) has released an update.

Weir Group PLC announced strong growth in its original equipment orders, driven by large contracts for greenfield projects like Reko Diq and OCP, which bolsters its position in sustainable mining solutions. The company’s aftermarket demand remains robust, particularly in core mining markets, despite some timing variations in large orders. With a successful cost-saving program and positive order momentum, Weir reiterates its 2024 guidance for increased revenue and operating profit.

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