Access the Global Intranet: http://global.weirintranet.com ACQUISITION UPDATE Extending global capability


2010 saw Weir add to its portfolio through the acquisition of four businesses and a number of strategic alliances and joint ventures. The largest of the acquisitions was the Linatex group of companies, a global provider of wear-resistant products to the highly-abrasive mining and sand & aggregates industries, joining Weir in June 2010. Linatex provides rubber sheet – its strong red colour instantly recognised throughout the industry - process equipment, hoses, moulded products, screen media and related services. Headquartered in Kuala Lumpur,


Malaysia, Linatex’s core manufacturing facilities are in Batu Caves, Kuala Lumpur and Wuxi, China with a number of other


regional manufacturing centres and service centres around the world. The acquisition is in line with Weir’s strategy to grow its global capability, expand its emerging market footprint and further strengthen its aftermarket presence. Following completion of the acquisition in September, Weir’s proven 100 day integration plan was implemented to align all key activities into The Weir Way. The Linatex product portfolio has been integrated with the Minerals structure, with global product champions in place and a future manufacturing strategy developed along with further investment proposals. Commenting on the transaction, Weir’s chief executive, Keith Cochrane, said:


“The acquisition of Linatex creates great opportunities for our Minerals Division. By combining Weir’s expertise in pumps, valves and cyclones with Linatex’s renowned rubber products and branding, we will have a highly complementary and competitive offering to satisfy our customers’ demand for leading-edge products and service.”


In November 2010, Weir Power & Industrial welcomed new acquisition American Hydro Corporation into the Division. Founded in 1986, American Hydro employs around 130 people at its 123,000 square feet facility in York, Pennsylvania, USA where key components for hydro-electric turbines are manufactured and achieved sales of US$42.9m in 2009.


American Hydro’s success lies in its state-of-the-art technology in the design and manufacture of hydro turbines, pump turbines and large pumps. It has developed powerful three-dimensional finite element analysis which it applies to the design and analysis of hydro turbines. It has a particular strength in improving the efficiency of existing stations, a field in which Weir has extensive experience in the UK and Canada.


Traditionally American Hydro has focused on the North American market. Weir American Hydro has the engineering depth and skills to accelerate its development in established hydro markets throughout the world where there is great potential for electricity companies to improve renewable energy output in an economically attractive manner. As part of its growth efforts, Weir has also


committed C$10m investment in a new hydro service centre in Montreal, Canada, which is scheduled to be fully operational by January 2012.


Following the acquisition, Weir American


Hydro’s success in the hydro market has continued. The business has secured


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American Hydro facility in Pennsylvania, USA


Weir welcomes American Hydro


contracts for new build components and refurbishment for major North American power operators, including Ameren, Kentucky Utilities, Nova Scotia Power and PPL Generation. Although the initial focus has been on North America, selected international markets are now also being targeted with American Hydro collaborating with local Weir personnel to build their international strategy.


Weir American Hydro also take pride


in investing in the community including sponsorship of a youth soccer league, which uses the fields at the York facility. The company also works in partnership with York County School of Technology on an apprenticeship programme for machinists, through which Weir American Hydro has hired eight machinist apprentices.


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