COMPANY PROFILE -The Weir Group plc
Business Sector :Engineering Solutions to Energy Sector
Operating Geography :United Kingdom, Europe, Global
About The Weir Group plc :
With its headquarters in Glasgow, Scotland, The Weir Group plc is an international engineering firm. Two brothers, George and James Weir, founded G. & J. Weir Ltd. in 1871 as an engineering firm. Minerals and ESCO are the two main divisions of the company. For abrasive high-wear applications utilized in the mining and oil sands industry, the Minerals section provides slurry handling equipment and related aftermarket service. For large mining machines, the ESCO section offers ground engagement tools (GET). Additionally, it offers designed GET solutions to the construction, dredging, and sand and aggregates sectors of the infrastructure market. In the mining and aggregates industries, it provides a variety of slurry transport and pumping solutions, mine dewatering systems, crushing and grinding equipment, wear lining solutions, mill lining systems, and tailings and pipeline solutions. Warman, Geho, Enduron, Linatex, Cavex, Trio, and FusionCast are just a few of the brands under which the company sells its goods. In September, 2022, Weir Minerals announced that it has doubled production capacity at its rubber manufacturing facility in Batu Caves, Malaysia and has invested in future growth and innovation.
Weir Group plc's USP is that it is an industry leader offering reliable technology and services to the mining, infrastructure, and oil and gas industries in around 50 countries. The mission statement of the Wier Group reads, “enable the sustainable and efficient delivery of the natural resources essential to create a better future for the world”.
The Weir Group plc Revenue :
£1,934 million - FY ending 31st December 2021 (y-o-y decline 2%)
£1,965 million - FY ending 31st December 2020
Competitive Analysis of The Weir Group plc
The SWOT analysis for The Weir Group is presented below in a matrix followed by the detailed analysis report:
| Strengths | Weaknesses |
1. Use of industry leading energy efficient technologies.
2. The group’s portfolio boasts of several market leading brands in mining operations.
3. Combining Artificial Intelligence to deliver digitized offerings in mining.
4. Significant progress with integrated solutions strategy.
5. Partnerships with other industry leading firms across segments.
6. Significant improvement in all financial KPIs after substandard results previous year.
| 1. Loss from closure of Russian business |
| Opportunities | Threats |
1. Strong revival in demand for commodities.
2. Rising need for investment in mining technologies due to depleting resources to boost the group’s sales.
| 1. Threat of climate change to the group’s business.
2. Increasing emergence of low-cost competitors.
3. The group was recently hit by a major ransomware attack.
|
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Detailed SWOT Analysis of The Weir Group plc
Strength
1. Use of industry-leading energy-efficient technologies: Independent research conducted by the Weir group shows that the mining industry consumes about 3.5% of the world’s total final energy. This makes mining one of the most energy intensive processes in the world. In order to be more energy efficient, the group uses high-pressure grinding roll (HPGR) technology, under their Enduron brand, which is up to 40% more energy efficient than traditional ball mills. The use of this technology enables the group to reduce carbon footprint equivalent to taking more than 3,600 petrol-fueled cars off the roads each year. The use of such highly energy-efficient technology helped Weir secure several orders. After receiving record orders in 2020, the group secured further orders of £36m from Ferrexpo, one of the world’s largest exporters of iron ore pellets to the global steel industry. Overall, as miners recognized the benefits of Weir’s technologies, the group saw a 60% rise in orders in 2021.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for The Weir Group is presented below in a matrix followed by the detailed analysis report:
| Political | Economical |
1. Complete suspension of the group’s operations in Russia.
2. Political turmoil in Europe as a result of Ukraine conflict.
| 1. Spike in demand for coal amidst sanctions on Russia.
2. Interest rate hikes by the European Central Bank.
3. Supportive and sustained commodity prices to drive mining investments
|
| Social | Technological |
1. Disruptive effects of Covid-19 and possible future pandemics
2. Global urbanization trends will drive demand for resources
| 1. The rising need to invest more in mining technologies for expanding capacity
2. Leveraging artificial intelligence (AI) technology to deliver a fully digitised mining offering
|
| Legal | Environmental |
| 1. The mining industry is subject to a series legal and regulatory guideline which are only becoming more stringent with time. | 1. Strong commitments towards carbon footprints reduction
2. Innovations to address concerns over massive environmental footprint of the mining sector
|
The Weir Group plc SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of The Weir Group plc
Political
1. Complete suspension of the group’s operations in Russia: Business all over the world, especially those in Europe stood in support of Ukraine and suspended their operations in Russia over its Ukraine invasions The Weir group too decided to suspend all its operations in its Russian businesses along with all the imports from the country. The group stated its concern for its Ukraine-based colleagues and their families, and have been in regular contact with them, supporting them in whatever ways possible, which includes helping them move to safer locations, either within Ukraine or outside of the country. As of disclosures made in March’21, the group has combined Ukraine and Russia net assets of around 2% of the group total and combined revenue and operating profit of less than 5%.
The remaining section under "Political" is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- KSB
- L&T Valves
- Flowserve
- Kirloskar Group
Major Brands :
- Aspir
- Cavex
- Enduron
- Floway
- Gemex
- Isodry
- Lewis
- Vulco
The Weir Group plc SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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References used in The Weir Group plc SWOT & PESTLE Analysis Report
1. Annual Report - https://www.global.weir/assets/files/investors/reports/2021-annual-report/weir-group-annual-report-2021-website-version.pdf
2. Weir Minerals partners with Eriez to offer world-class coarse particle flotation systems - https://www.global.weir/newsroom/news-articles/weir-minerals-partners-with-eriez-to-offer-world-class-coarse-particle-flotation-systems/
3. Weir announces full suspension of business and operations in Russia - https://www.global.weir/newsroom/news-articles/weir-announces-full-suspension-of-business-and-operations-in-russia/
4. European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years - https://www.cnbc.com/2022/07/21/european-central-bank-raises-rates-by-50-basis-points-its-first-hike-in-11-years.html
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The Weir Group plc SWOT and PESTLE analysis has been conducted by Uttiya Majumder and reviewed by senior analysts from Barakaat Consulting.
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