Weir Group PLC (WEIR.L), a mining technology company, Thursday said its orders in the first quarter increased 5% year-on-year.
Original Equipment (OE) orders as well as Aftermarket (AM) orders for the quarter grew 5%.
In the Minerals division, OE orders rose 6% driven by demand for debottlenecking and brownfield expansion solutions. AM orders in the division increased 9% helped by rise in mine production and installed base expansion.
In ESCO, OE orders were stable reflecting continued demand for mining attachments. AM orders declined 2%.
Looking ahead, the company has confirmed its full-year outlook.
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