Pump-maker Weir profit rises on strong mining demand

From Interactive Investor: British engineer Weir posted a forecast-beating 12 percent rise in profits in 2012, as strong demand for its pumps from mining companies offset a weaker performance in oil and gas.

The pumps and valves maker posted full-year pretax profit of 443 million pounds, ahead of the 396 million it made in 2011, and beating a consensus forecast of 434 million from a Thomson Reuters I/B/E/S poll of 21 analysts. Profit growth was underpinned by demand for Weir's products and services from mining companies, particularly from copper and gold projects in South America and Africa.

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Pump-maker Weir profit rises on strong mining demand

Yours,
Berlin Technologies
www.berlintech.co.il

Pumps in Renewable Power Generation

From Pumps & Systems: Worldwide, countries have committed to significantly increase their share of electricity generated from renewable sources by 2020. Several renewable sources will contribute to meeting the expected demand for clean power. Most scenarios predict notable growth of electricity produced from wind, solar, biomass and geothermal sources. Of these, solar power has the highest theoretical potential because the sun provides the Earth with as much energy every hour as human civilization uses every year.

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Pumps in Renewable Power Generation

Happy New Year!
Berlin Technologies