BNET Industries

Weir Group Plc.

WEIR is in the Manufacturing Industry

Last Fiscal Year Sales:$1.9B
  • Public
  • UK
Dow Jones Description

Weir employs over 9,000 people worldwide across three divisions, focused on our key market sectors, with closely aligned, independently successful companies, each with leading brand name products. These businesses are supported at Group level by management, marketing, training, and research and development resources, through our Scottish headquarters and through regional, product-focused centres of excellence around the world. Across the Group, we are committed to collaborating, co-operating and integrating our offering. Crucially, we are working as one in the journey towards operational excellence.

Number of Employees 9,370
Contact Information

Clydesdale Bank Exchange 20 Waterloo St

Glasgow G2 6DB

www.weir.co.uk

(44) 0416377111

NAICS Code Pump and Pumping Equipment Manufacturing: 333911

Recent Events

  • STOCKS NEWS UK-Weir down, orders fall, upgrade disappoints

    11/03/09 - Financial Announcement - View Story

  • STOCKS NEWS UK-Oxus falls on larger-than-expected loss

    9/16/09 - Bond / Stock Rating - View Story

  • Weir Group CEO Mark Selway To Step Down; Names Finance Chief Keith Cochrane As Replacement...

    9/16/09 - Mgmt. Change Leaving - CEO - View Story

News & Analysis

weir group plc. - All News and Analysis

  • STOCKS FOCUS: WEIR GROUP

    - 2008-10-12

    IMPROVED performance in its minerals division and positive foreign currency effects led Glasgow-based Weir Group to say that full-year profits would be higher than expected. The engineering services company, in an interim statement, predicted that pre-tax profi ts would be near GBP170 million. In August, the estimate was GBP165.4m. Weir...

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  • STOCKS FOCUS: WEIR GROUP

    - 2008-08-17

    WEIR Group, Scotland's largest engineering firm, almost doubled its profits in the fi rst half of this year. Glasgow-based Weir capitalised on growth in the mining, oil and gas power sectors, reporting interim pre-tax profits of GBP81.8 million, up from GBP44.1m last year and ahead of analysts' expectations of about...

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  • Weir's upbeat statement brings in few buyers

    - 2008-06-24

    THE INVESTMENT COLUMN Our view: Hold Share price: 941.5p (+23.5p) Investors relying on analyst advice will be left somewhat confused by commentary on the engineering outfit Weir Group, which makes pumps and valves for the oil, gas and mining industries. The company...

    Tags: ACM, Weir Group Plc.

  • STOCKS FOCUS: WEIR GROUP

    - 2008-05-11

    WEIR Group's chief executive Mark Selway announced that the Glasgow-based firm was set to embark on a GBP300 million acquisition trail as part of its re-focus on the growing mining, power generation and oil and gas industries. The group offl oaded Weir Pumps in a GBP45.5m deal to Jim McColl's...

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  • Capita shows signs of moving out of the zone

    - 2007-12-08

    THE WEEK IN REVIEW Few Londoners will have shed any tears for Capita when it lost the contract to administer the congestion charge - and the loss of a 56m-a-year deal is a drop in the ocean compared to the amount of new business it has won this...

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  • Weir bucks the flow with plenty in the pipeline

    - 2007-12-05

    THE INVESTMENT COLUMN Edited byAndrew Dewson Our view: Hold Current price: 754p (-8.5p) We last updated readers on the Glasgow-based industrial pump and valve maker Weir Group in August, when interim results were strong enough to convince us that there was more...

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  • Weir Group pumping out strong sales.

    - 2007-12-05

    Pump maker Weir is benefiting from strong oil & gas, power and mining markets and has made another earnings enhancing acquisition. Stephen Gunnion Pump maker Weir Group says that sales for the first 10 months of the year are ahead of its targets as...

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  • Patience pays off at the pumps group Weir

    - 2007-08-22

    Our view: Buy Current price: 678p For a long while, Glasgow-based engineer Weir Group was one of the sleepier stocks in the market, meandering along not doing much wrong but not attracting a rating that suggested anything other than more of the same. But...

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  • Weir pumped up by US deal.

    - 2007-06-21

    Weir Group is moving into the oil and gas industry in a big way, and is looking to expand further Jonas Crosland Chief executive Mark Selway was true to his word when he pledged to spend around GBP300m on expanding Weir Group's exposure to gas...

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  • McColl homecoming keeps Weir business in Scotland DEAL OF THE WEEK:

    - 2007-05-13

    THE saga over the future of Weir Pumps came to an end last Wednesday when it was announced that Jim McColl's Clyde Blowers had reached an agreement with Weir Group to buy the outfit for approximately GBP45 million. Under the agreement all 600 staff will transfer to Clyde...

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Decision Makers

Name (plus bio) Position
Mark Selway CEO
Chris Rickard Vice President
Ian Percy Executive Director
Phil Clifton Weir Valves & Controlsdivisional Managing Director
Scot Smith Weir Mineralsdivisional Managing Director
Stephen Bird Weir Clear Liquiddivisional Managing Director
Steve Simone Weir Servicesdivisional Managing Director
Keith Cochrane Group Director, Finance
Alan Mitchelson Secretary
Foster Wheeler General Electric

Board of Directors

Name (plus bio) Position
Robert Smith Chairman
Christopher Clarke Board of Directors
James Cox Board of Directors
Michael Dearden Board of Directors
Richard Menell Board of Directors
Robert Smith Board of Directors
Stephen King Board of Directors

Organization Position Status
Weir Pumps Ltd. CEO Current
Weir Group plc CEO Current
Weir Westgarth Ltd. CEO Current
Weir Group plc Board of Directors Current
Schefenacker International AG Former

Organization Position Status
Weir Group plc Vice President Current
Weir Group plc Finance Director Former

Ian is Chairman of Kiln plc and Companies House plc. He is a Senior Non Executive Director of The Weir Group plc and Ricardo plc, a Member of the Legal Aid Board for Scotland and a Director of a number of other companies and a consultant on Auditing and Corporate Governance. He was a member of the Treasury and DTI Coordinating Committee on Accounting and Auditing issues which reported in January 2003. He is a Past President of the Institute of Chartered Accountants of Scotland, represented the UK on the International Auditing Practices Committee 1995-2000 and was Chairman of the Accounts Commission and Audit Scotland until 2000. He was awarded the CBE for services to the accountancy profession and Local Government in 1996. He is an Honorary Professor of Accounting and Doctor of Laws at Aberdeen University. He became Senior Non Executive of CALA in December 2000.

Organization Position Status
Ricardo Plc Executive Director Current
Weir Group plc Executive Director Current
Kiln Group Plc Chairman Current
Ricardo Plc Deputy Chairman Current
CALA Group Ltd. Deputy Chairman Current
Ricardo Plc Board of Directors Current
CALA Group Ltd. senior nonexecutive director Former
Grant Thornton LLP senior partner Former
Weir Group plc Deputy Chairman Former
Weir Group plc Board of Directors Former
CALA Group Ltd. Board of Directors Former
Legal Aid Member Former

Based Huddersfield, UK. Aged 46. Appointed divisional managing director in September 2004, Phil has a BSc Honours in Engineering from Imperial College and also holds an MBA from Cranfield University. Phil joined from AWG PLC, the parent company of Anglian Water, where he was responsible for government services and group business development. Prior to AWG, he was managing director of Reyrolle Ltd., an international business in the industrial power group of Rolls-Royce PLC having worked in various areas of Rolls Royce after leaving university.

Organization Position Status
Weir Group plc Weir Valves & Controlsdivisional Managing Director Current
Reyrolle Managing Director Former
AWG Plc Former
Cranfield University Mba Former
Imperial College London Bsc Honours In Engineering Former

Organization Position Status
Weir Group plc Weir Mineralsdivisional Managing Director Current

Based Glasgow, UK. Aged 45. Appointed divisional managing director in August 2005. A graduate of St John's College, Cambridge, Stephen joined from Danaher Corporation where he was Managing Director for Gilbarco Veeder-Root EMEA. He also spent 13 years at Black & Decker Europe, latterly as Vice President and General Manager - Consumer Products Europe and he has held senior management roles at Unipart Group, Hepworth PLC and Technicolor Group..

Organization Position Status
Weir Group plc Weir Clear Liquiddivisional Managing Director Current
Danaher Corporation Managing Director Former
Unipart Group of Companies Limited Former
Black & Company Former

Based in Glasgow, UK. Aged 53. Appointed divisional managing director in January 2004. Since joining Weir in 2001 has been instrumental in restructuring Weir Peacock, in Canada, and establishing four greenfield service facilities across the United States. As vice president Flowserve Service Division he led the creation of a new service division and initiated start-ups, as part of the integration of Flowserve and IDP. A BS Mechanical Engineering, Steve has a wealth of experience in acquisitions, restructuring, and start-ups, working with Byron Jackson Pumps, BW/IP International, and Flow International Corp.

Organization Position Status
Weir Group plc Weir Servicesdivisional Managing Director Current
Flowserve Corporation Vice President Former
Flow International Corporation Former

Organization Position Status
Weir Group plc Group Director, Finance Current

Organization Position Status
Weir Group plc Secretary Current
Weir Group plc Board of Directors Current

Organization Position Status
Weir Group plc General Electric Current

Organization Position Status
Weir Group plc Chairman Current
Standard Bank Group Limited Board of Directors Current
Aegon Uk Plc Board of Directors Current
Scottish and Southern Energy plc Board of Directors Current
Group Plc Board of Directors Current

Organization Position Status
Weir Group plc Board of Directors Current

Organization Position Status
Weir Group plc Board of Directors Current

Array

Organization Position Status
Weir Group plc Board of Directors Current
Travis Perkins plc Board of Directors Current
Johnson Matthey, Inc. non-executive director Former
Minova International Ltd. Chairman Former

Organization Position Status
Weir Group plc Board of Directors Current

Organization Position Status
Group Plc Board of Directors Current
Scottish and Southern Energy plc Board of Directors Current
Standard Bank Group Limited Board of Directors Current
Weir Group plc Board of Directors Current
Aegon Uk Plc Board of Directors Current
Scottish and Southern Energy plc Chairman Former
Weir Group plc Chairman Former

Organization Position Status
Portals Bathford Finance Director Current
Weir Group plc Board of Directors Current
Portals Bathford De La Rue Board as Group Finance Director Current
Camelot Group Plc Board of Directors Current
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