WEIRBULLETIN | AUGUST 2011 MINERALS OIL & GAS POWER & INDUSTRIAL Weir CEO visits Weir American Hydro
Weir American Hydro was delighted to welcome Group Chief Executive, Keith
Cochrane, to York, Pennsylvania, in March. Keith met the team and reviewed progress to date in integrating the company into the Weir family following the acquisition in mid-November 2010. As part of the integration programme,
Weir American Hydro will become Weirs’ “Centre of Excellence” for hydro-turbine design, including specialist manufacturing technology to support the aggressive growth plan for the hydro turbine business. Since the acquisition, Weir American Hydro has seen signifi cant advances in its already impressive manufacturing facilities, with a heavy focus on Lean improvements through the Weir Production System. Keith was impressed with the technology he witnessed during his visit, as well as the progress made in the integration programme. He encouraged the team to continue fast- tracking the integration initiatives on health and safety and Lean production, as well as building the team to meet the growth challenge.
Keith Cochrane visits the team at Weir American Hydro’s facility in York, Pennsylvania, USA
While its key market is currently in North
America, Keith emphasised Weir American Hydro’s key role in Weir’s renewables
strategy and confi rmed his commitment to support signifi cant growth of the business into selected international markets.
Weir increases global capability with Korean acquisition
HIM Tech Co Ltd, a South Korean valves business, becomes the latest manifestation of the Weir strategic commitment to global capability following acquisition of the Ansan-based business in June. Weir agreed to acquire 60% of a new Korean company, Weir International, into which the HIM Tech valves business has been transferred. The business employs 54 people in a
39,000 square feet facility near Seoul. It designs and manufactures control and choke valves for severe service power generation and oil and gas applications.
It supplies customers in the domestic market, but also supplies major South Korean engineering contractors for international projects. The company was founded by Mr Heang Hoon Cho who will continue to lead the company as President of Weir International. Chief Executive Keith Cochrane
explains the strategic fit of the new addition to the Group, “South Korea is one of the ‘Next 11’ high growth economies. Having a strong presence here increases our global capability, allowing us to serve the domestic
Korean market, and strengthen customer relationships with important Korean contractors who supply international markets as well. Having worked with the HIM Tech team for a number of years, we have a good knowledge of the business.” “I have worked with Weir for 17 years, first as an agent and then as a licensee and I am delighted that we are becoming part of the Group,” says Hean Hoon Cho, President of Weir International, “The acquisition opens many new avenues to expand the business both in Korea and with Korean customers worldwide.”
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