A Global Leader in Mining
As the biggest of three divisions for the Glasgow-based Weir Group PLC, Weir Minerals is a leader in delivering and supporting slurry equipment solutions for the global mining industry. The company provides an impressive portfolio of machinery and equipment across the mineral processing space, which makes up around 80 percent of its business.
Weir Minerals’ global footprint and the excellence it brings to slurry handling help the company reduce the total cost of ownership for many of its clients.
“We don’t pretend to be the cheapest on the market,” said Dean Jenkins, Melbourne-based divisional managing director, in an interview with American BOSS Magazine. “But we will be the cheapest for the total cost of ownership, helping to make our customers more efficient and productive, and we’re second to none in this space.”
Although Weir Minerals’ business is concentrated in mining, the company is also involved in oil and gas—specifically oil sands in Canada—dewatering, and construction.
With approximately 9,000 employees operating in six continents, resilience in the market downturn, and 1.1 billion pound turnover annually, Weir Minerals is currently investing not only in acquisitions and technology, but its people as well.
Acquisition of Trio and Other Investments
For many companies involved in the mining industry, and particularly the mining industry in Australia and North America, it is a difficult time to invest in growth. Weir Minerals however has made it a high priority.
October of last year saw the company acquire Trio Engineered Products, a Chinese-American manufacturer of crushing and separation equipment for the mining and aggregates markets. Jenkins shared that the company is very happy with the way the integration process is going particularly in China, where Weir is integrating two large manufacturing facilities.
Trio is involved in an earlier process in mineral processing called comminution. While Weir deals in slurry—a semiliquid mixture with particles suspended in water—Trio and others involved in comminution work in dry projects. Specifically, once any kind of ore is removed from the ground, it needs to go through a series of crushing and grinding before it gets to the slurry stage. By acquiring a company like Trio, Weir has diversified its offerings in a way that will help it become an industry leader in different stages of mineral processing.
“The acquisition of Trio is part of a carefully considered strategy which will accelerate our move into comminution while at the same time using Weir’s established global capability and technology leadership to bring Trio to new markets,” Jenkins said. “With machinery like crushers, screens, and conveyors, Trio also opens the attractive aggregates market for Weir and helps to diversify revenues at a time where miners are reducing the amount of capital they spend on new equipment. With Trio, we can bring our technology to industries like construction where it will help crush rocks to make construction materials—and into regions like China and North America in sand and aggregates.”
Weir Minerals’ rigorous integration process for Trio is about 80 percent complete, Jenkins shared. Around 70 people have overseen the completion of over 2,000 integrations tasks, and the business is very close to being up and running as a normal part of the divisional portfolio.
But Trio is not the only way Weir plans to populate the comminution segment: the company has signed an ongoing license commitment with KHD for high-pressure grind rolls to help further diversify its portfolio.
“We’ve deliberately developed a comprehensive comminution portfolio and are confident we can make a difference to this market,” Jenkins shared.
Outside of comminution, Weir Minerals recently announced a 70 million pound investment in Malaysia for a manufacturing hub. The company already has around 300 people in the region, and is looking to double the business in the next 5 to 10 years.
“We want it to become a global supply hub, particularly for smaller parts for our businesses across the world,” Jenkins commented. “Malaysia is an excellent economy to invest in, with a good education system and a local workforce that is willing and keen to travel.”
A foundry in South Africa rounds out the company’s recent investment projects.
Training and Management Excellence
Internally, Weir Minerals has been working hard for years to offer their employees the best in terms of training and management. Many of their programs have been in effect for several years, but the company is not slowing down with development of this portion of the company.
Weir Minerals are specialists in delivering and supporting slurry equipment solutions including pumps, hydrocyclones, valves, screen machines and screen media, rubber and wear resistant linings for global mining and mineral processing, the power sector and general industry. Our products strength lies in the superiority of our hydraulic designs and wear and corrosion and abrasion resistant materials. In slurry pumping, processing and control applications where the cost of ownership often outweighs capital cost as a priority, we help our customers address such issues as longevity, capacity, efficiency of operation, and maintenance. We are there for you and your operation, every step of the way.
WEIR MINERALS HQ
2701 S Stoughton Rd.
Madison WI, 53716
Phone 608-221-2261
Fax 608-661-8734
Email lori.masters@weirminerals.com
Website https://www.weirminerals.com/
