The Weir Group: bucking the trend

The success of the Weir Group (UK) is expected to continue, despite forecasts of a recession. The organization is involved in many industries, including petroleum, power generation, and marine construction, and this diversity has contributed to its success. The Weir Group experienced a 35% increase in turnover and a 15% increase in pre-tax profits in 1989, and has no net debt and a cash reserve of more than 20 million pounds in 1990. A report by County NatWest WoodMac has indicated that the Weir Group should be able to finance strong organic growth through acquisitions.