Weir Group's Strategic Engineering Move with £53 Million Contract in Pakistan
Tuesday, 20 August 2024, 10:06
Weir Group's Major Engineering Contract
Weir Group has recently been awarded a £53 million contract in Pakistan related to a mining project, marking a pivotal development in the company's engineering portfolio. The initial call-off order of £26 million will be recognized in the third quarter, with subsequent amounts to follow in the upcoming quarters.
Financial Overview
- Initial order: £26 million
- Recognized in Q3
- Future orders to be fulfilled over time
This engineering contract not only showcases Weir Group's capabilities but also enhances its footprint in the mining sector, presenting new opportunities for growth.
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