Powered by

Weir Group in 'sweet spot' of rising shale and electric car demand

Mar 01, 2018 - The Daily Telegraph (London)

THE US shale revival has propelled the profits of Britain's largest engineering group higher as it prepares to take advantage of the growing demand for copper to meet the electric vehicle boom.

Glasgow-based Weir Group provides the industrial equipment that is used to extract and process oil, gas and metals across the globe.

The industrial pump maker's US shale market reignited last year as the number of rigs increased in line with rising oil prices, lifting orders for its equipment ...