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词条 Weir Group
释义

  1. History

     21st century 

  2. Operations

  3. People

  4. See also

  5. References

  6. External links

{{Use dmy dates|date=July 2015}}{{Use British English|date=July 2015}}{{Infobox company
| name = The Weir Group PLC
| logo = Weir Group logo.svg
| type = Public
| traded_as = {{lse|WEIR}}
| key_people = Charles Berry, (Chairman)
Jon Stanton, (CEO)
William Weir, (Former Chairman)
| industry = Engineering
| products =
| revenue = £2,449.9 million (2018)[1]
| location = Glasgow, Scotland
|operating_income = £348.1 million (2018)[1]
| net_income = £18.4 million (2018)[1]
| num_employees = 14,526 (2018)[1]
| homepage = [https://www.global.weir/ www.global.weir]
| foundation = 1871
}}

The Weir Group plc is an engineering company headquartered in Glasgow, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company operates in over 70 countries employing approximately 14,000 people focused on mining, oil and gas and power markets.

History

The company was established in 1871 as an engineering firm by two brothers, George and James Weir, founding G. & J. Weir Ltd.[2] The Weir brothers produced numerous groundbreaking inventions in pumping equipment, primarily for the Clyde shipyards and the steam ships built there. These pumps became extremely well known for their use as boiler feedwater pumps, and for ship's auxiliary equipment such as evaporators.[3]

Under W D Weir, the company turned to producing munitions and war materiel in the First World War. As well as shells, they manufactured aircraft including the Royal Aircraft Factory F.E.2 fighter and bomber.[4] James George Weir (aviator, son of James Galloway Weir) a director of the company formed the Cierva Autogiro Company. G & J Weir would be a financial supporter of the company during its existence.[5] In 1943, they provided the finances for the construction of the W.9, an experimental helicopter, to Air Ministry requirements.[6]

It was first listed on the London Stock Exchange in 1946.[2] Double-acting Weir steam pumps were virtually standard fitment on British-built steamships, being used for pumping water, fuel, air and much else well into the 1950s, as well as being used on other ships worldwide.[7] In December 1968 the Weir Group made an offer to buy the rival British pump manufacturer Worthington-Simpson, following an offer by Studebaker-Worthington.{{sfn|Weir|2008|p=84}}

In 1969 Studebaker-Worthington acquired Worthington-Simpson.{{sfn|A History of Excellence: Flowserve}}

After some negotiation, Weir's acquired 50% of Worthington Simpson.{{sfn|Weir|2008|p=86}}

A new joint-venture company named Worthington Weir was set up to handle international sales of the two parent companies.{{sfn|Worthington Simpson: Grace's Guide}}

The debt taken on by Weir to acquire their share of Worthington-Simpson was denominated in Deutsche Marks, and as that currency strengthened against sterling and the dollar it became increasingly expensive to service.{{sfn|Weir|2008|p=110}}

Worthington-Simpson was profitable, but did not cover the cost of debt.{{sfn|Weir|2008|p=111}}

During the next decade Weir was forced to sell off many assets and undertook financial reorganization in 1981.{{sfn|Weir|2008|p=xvii}}

After the financial reorganization, Derald Ruttenberg and Jacob Rothschild gained effective control of 40% of the company.

Ruttenberg became a board member.{{sfn|Weir|2008|pp=144-145}}

In 1989, the company acquired Hopkinsons, an Elland-based company manufacturing valves and controls. [8][9]

21st century

In July 2005, Weir sold its desalination and water treatment businesses, (Weir Westgarth, Weir Entropie and Weir Envig) to Veolia Water Systems, part of the water division of Veolia Environnement: Weir Westgarth had been a pioneer of the multi-stage flash distillation process used predominately to produce desalinated water from seawater.[10]

In May 2007, the Company sold its Glasgow-based business Weir Pumps to Jim McColl's Clyde Blowers plc, with the pump company subsequently being renamed to Clyde Pumps Ltd.[11]

Recent acquisitions
Transaction Date
Purchased Pompe Gabbioneta, an Italian pump manufacturer for £69m in 2005.[12] 2005
In 2007 Weir acquired SPM Flow Control, Inc for US$653 million (£328 million). SPM manufactures high-pressure well service pumps

and related flow control equipment[13]

2007
Acquired African pumps business, CH Warman Pump Group for $231m (£113m)[14] 2007
Acquired Mesa Manufacturing Inc, the Texan based pump manufacturer for $40m[15] 2008
Bought Malaysia-based Linatex for £138m[16] 2010
Agreed to acquire Indian valves manufacturing business, BDK Engineering Industries, Hubli[17] 2010
In November, 2010, Company announced acquisition of American Hydro Corporation, which makes turbines for hydro-electric power stations.[18] 2010
In November 2010 Weir and Shengli Oilfield Highland Petroleum Equipment Co. announced the formation of a joint venture to provide

high-pressure well service pumps and related flow control equipment to the developing shale gas industry in China.[19]

2010
Agreed to acquire a 60% interest in the South Korean valves business formerly operated by HIM Tech Co Ltd.[20] 2011
Purchased Seaboard Holdings Inc a Houston-based wellhead solutions provider for US$675m (£431m)[21] 2011
Purchased KOP Surface Products, a Singapore provider of advanced pressure control wellhead technologies, systems and services for an enterprise value of US $114m[22] 2017
Purchased ESCO Corporation, a Portland-based global leader in ground engaging tools for mining and construction markets for an enterprise value of US $1.285 billion[23] 2018

In December 2010, Weir pleaded guilty to breaching UN sanctions on Iraq between 2000 and 2002. Judge Lord Carloway of The High Court in Edinburgh fined the company £3m along with a confiscation order of £13.9m.[24]

In 2011, the company, since renamed Clyde Union Pumps, was sold to the SPX Corporation for £750 million.[25] The business suffered heavy financial losses in the subsequent years and had to make staff redundant as the result of a long-term global downtown in the oil and gas sector.[26]

Operations

With effect from 1 May 2008, the Weir Group reorganised its operating units into three sector- focused divisions in the higher growth markets of mining, oil & gas and power & industrials:[27]

Weir Minerals - manufactures slurry handling equipment and associated spare parts for abrasive high wear applications used in mining as well as in the niche oil sands and flue gas desulphurisation markets. Products include pumps, hydro cyclones, valves, de-watering equipment and wear resistant linings. The division is present in key mining markets, including South and North America, Australia and Africa.

Weir Oil & Gas - designs and manufactures pumps and ancillary equipment for global upstream and downstream oil and gas markets.

Upstream operations specialise in high-pressure well service pumps and related flow control equipment along with repairs, parts and service of pressure control and rotating equipment.

Downstream focuses on design and manufacture of centrifugal pumps, mainly for the refining industry. Principal operations are in North America, Europe and the Middle East.

Weir Flow Control designs, manufactures and supports specialist and critical-service rotating and flow control equipment, in the main, to the global power sector. The division includes valve operations, a specialist pump business and service and aftermarket operations and is one of only a few businesses globally capable of providing specialist valves into the nuclear islands of third generation nuclear power stations. Facilities are located in Europe, North America, China, Middle East, India and South Africa.

People

  • William Weir, 1st Viscount Weir
  • Robert Smith, Baron Smith of Kelvin
  • Thomas Leith

See also

  • List of oilfield service companies

References

1. ^{{cite web|url=https://www.global.weir/assets/files/investors/reports/weir-group-annual-report-2018-web.pdf|title=Annual Report 2018|publisher=Weir Group|accessdate=20 March 2019}}
2. ^Weir Group: Fact Sheet
3. ^Weir's Boiler-feeding Specialties: Patent, Feed-water Heaters, Direct-acting Feed Pumps, Evaporators, Etc, catalogue, 1904
4. ^{{cite book|url=https://books.google.co.uk/books?id=DYKfAgAAQBAJ&pg=PA13&lpg=PA13&dq=G.+%26+J.+Weir+Ltd+FE+2&source=bl&ots=6_Y52eseOI&sig=CpjLaDfnSWHCqYMfENsvlF1OciU&hl=en&sa=X&ved=0ahUKEwjV9ba42ZPMAhWIUhQKHVZOAL4Q6AEIKDAC#v=onepage&q=G.%20%26%20J.%20Weir%20Ltd%20FE%202&f=false|title=FE 2b/d vs Albatros Scouts: Western Front 1916-17|first=James F|last=Miller|page=13|publisher=Osprey|year=2014|isbn=978-1780963259}}{{Dead link|date=December 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
5. ^{{Cite newspaper The Times|articlename=The Auto-Gyro. English Company Formed|author=|section=News|day_of_week=Monday|date=29 March 1926|page_number=21|page_numbers=|issue=44232|column=c}}
6. ^{{citation |url=http://www.flightglobal.com/pdfarchive/view/1947/1947%20-%200572.html |title=Cierva |p=340 |journal=Flight |date=17 April 1947 }}
7. ^{{cite book|url=https://books.google.co.uk/books?id=nlD2iwHCTKAC&pg=PA389&lpg=PA389&dq=Double-acting+Weir+steam+pumps&source=bl&ots=rVvf6aEYiQ&sig=3ep2D-EC8mC_5P9NTKmcA_Rzo9k&hl=en&sa=X&ved=0ahUKEwim-oX4z5PMAhXpCJoKHXnfD-oQ6AEIRDAJ#v=onepage&q=Double-acting%20Weir%20steam%20pumps&f=false|title=Marine Steam Engines|first1=Richard |last1=Sennett|first2= Henry|last2= Oram|page=389|publisher=Sagwan Press|year=1899|isbn=978-1297921469}}
8. ^{{cite web|url=http://www.gracesguide.co.uk/Hopkinsons|title=Hopkinsons|website=www.gracesguide.co.uk|access-date=2016-07-17}}
9. ^{{cite web|url=https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapid=30544305|title=Weir Valves & Controls UK Ltd.: Private Company Information - Businessweek|website=www.bloomberg.com|access-date=2016-07-17}}
10. ^Weir Group to sell water treatment businesses to Veolia
11. ^{{cite news|url=http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/6637395.stm|title=BBC NEWS - UK - Scotland - Glasgow and West - Former apprentice buys Weir pumps|work=bbc.co.uk|accessdate=21 March 2015}}
12. ^Weir splashes out in oil takeover
13. ^Weir to buy SPM Flow Control for $653 million Market Watch, 21 June 2007
14. ^Pump Purchase The Engineer, 4 December 2007
15. ^Weir Group buys Mesa Manufacturing Growth Business, 24 June 2008
16. ^Weir to buy Malaysian Linatex Group for $172.5 million; sees higher H2 profit International Business Times, 14 June 2010
17. ^UK-based Weir Group buys BDK Engineering's valve biz Press Trust of India, 2 September 2010
18. ^{{cite news|title=Weir Group acquires American hydro firm|url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-11784003|work=Added Latest acquisition|publisher=BBC|accessdate=19 November 2010|date=18 November 2010}}
19. ^Weir and Shengli announces joint venture to provide services to gas industry China Greentech Initiative, 25 November 2010
20. ^[https://www.bbc.co.uk/news/uk-scotland-scotland-business-13880769 Weir Group acquires South Korean valves business] BBC, 22 June 2011
21. ^[https://www.bbc.co.uk/news/uk-scotland-scotland-business-15852616 Weir buys US firm in £431m deal] BBC, 23 November 2011
22. ^{{cite web|url=https://www.global.weir/newsroom/news-articles/2017/06/11/weir-acquires-leading-pressure-control-provider-kop-surface-products/ |title=StackPath |publisher=Global.weir |date= |accessdate=2019-03-20}}
23. ^{{cite web|url=https://globenewswire.com/news-release/2018/04/19/1481404/0/en/ESCO-Corporation-to-Join-Leading-Global-Engineering-Company-Weir.html|title=ESCO Corporation to Join Leading Global Engineering Company Weir|publisher=Global News Wire}}
24. ^{{cite news| url=https://www.bbc.co.uk/news/uk-scotland-glasgow-west-11999668 | work=BBC News | title=Weir Group fined £3m over Saddam sanctions breaches | date=15 December 2010}}
25. ^{{cite news|url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-14662071|title=Businessman Jim McColl sells Clyde Union Pumps for £750m|work=BBC News|date=25 August 2011|accessdate=29 March 2018}}
26. ^{{cite news|url=http://www.heraldscotland.com/business_hq/company_news/15644704.Jobs_go_at_Clyde_Union_as_engineer_posts_heavy_losses/|title=Jobs go at Clyde Union as engineer posts heavy losses|work=The Herald|date=7 November 2017|accessdate=6 April 2018}}
27. ^Weir Group: Divisions
Sources{{refbegin}}
  • {{cite web|ref={{harvid|A History of Excellence: Flowserve}}|url=http://www.flowserve.com/vgnfiles/Files/Images/ArticleImages/FlowservePumpsTimeline.pdf

|title=A History of Excellence|publisher=Flowserve|accessdate=2013-10-23}}
  • {{cite book|ref=harv

|last=Weir|first=William|title=History of the Weir Group|url=https://books.google.com/books?id=DLbYmgBdf6QC&pg=PA85
|date=2008-02-01|publisher=Profile Books|isbn=978-1-86197-886-8}}
  • {{cite web|ref={{harvid|Worthington Simpson: Grace's Guide}}|url=http://www.gracesguide.co.uk/Worthington_Simpson

|title=Worthington Simpson|publisher=Grace's Guide|accessdate=2013-10-23}}{{refend}}

External links

  • {{official|https://www.global.weir}}
{{FTSE 250 Index constituents}}{{Energy in the United Kingdom|companies}}

6 : Engineering companies of Scotland|Companies listed on the London Stock Exchange|1871 in Scotland|Companies based in Glasgow|Companies established in 1871|Pump manufacturers

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