Like most organisations, The Weir Group is being affected by the COVID-19 (Coronavirus) pandemic. This page will be updated with necessary updates and information from the Group as the situation develops.
On July 29th 2020, The Group announced its Half Year financial results and trading update to investors and to the market.
In our press release, CEO Jon Stanton gives a detailed update on the Group's response to the pandemic across the globe, how it has affected our markets over 2020 and how we are positioned to cope in the coming months as the situation develops. A full copy of the press release is available to download here.
Jon also spoke about Covid-19 and the current state of our markets in a video which is available to view below:
On April 28th 2020, the Group released its quarterly results for Q1 2020. The statement also updated shareholders on the impact of COVID-19 to the Group and the responses being taken by management. Read the full statement here.
Read our blog on how our Weir Minerals Europe team re-engineered their foundry in Todmorden, UK to adjust to the challenges presented by the COVID-19 pandemic. Click here.
Our CEO Jon Stanton has updated all Weir employees on the Group's response to the COVID-19 pandemic and what steps we are taking to keep our people and our communities safe at this time. Watch the full video below:
The Group has released a trading update on the COVID-19 pandemic. Read the statement in full here.
Read a letter from our CEO Jon Stanton on the Group's response to the COVID-19 pandemic.
I’d like to update you on how Weir is responding to the COVID-19 Pandemic. But before I do, I want to pay tribute to the health workers, scientists, officials and many others around the world who are working so hard to keep us safe, often putting their own wellbeing at risk. For many of our people these heroes are our wives and husbands, sisters and brothers, sons and daughters and we are incredibly grateful for all they are doing to keep our communities safe. I am sure I speak for the whole Weir Group family when I say thank you for all that you are doing. It is at uncertain time like these that we turn to our values to guide us and that has been our approach.
Thinking Safety First
As I write COVID-19 continues its spread across the world. While there is still enormous uncertainty about what the full impact of the pandemic will be, it is already leaving a terrible legacy in terms of lives lost. We all have a responsibility to limit the spread and save as many people as possible. For Weir, that has included moving as many people as possible to home working. But we are a manufacturing business and that means that many of our people are needed in our facilities to produce the technology that our customers rely on and we are doing everything we can to keep them safe including rigorous hygiene and social distancing measures. We are also taking steps to protect the mental health of our people at what is an anxious time. The Group has employee services in place to help anyone who could benefit from additional support. Whatever happens, I know that our people will do all they can to protect their colleagues, customers and communities. I am always proud of our workforce but in recent weeks, from China to Chile and Canada to Australia, they have shown again what a remarkable and strong culture we have.
COVID-19 and continuing to support our customers
The Group’s approach to these unprecedented circumstances reflects its values which include thinking safety first, delighting your customer, and doing the right thing. As we closely monitor the impact of Covid-19, our priorities are safeguarding the health and well-being of our employees and wider communities, working with local governments to halt the spread of COVID-19 and fully supporting our customer requirements within the constraints of the first two priorities.
In China where our three facilities endured a forced shut-down in early February we are now back to full operating capacity. However, in recent days we have seen increasing interruption at some of our other operations and supply chains as governments step up their efforts to control the spread of Covid-19. The main impact on our facilities so far has been in the US, UK, South Africa, Peru and Malaysia. We anticipate further disruptions as we move forward, although the extent and duration remain unknown. From a customer perspective we have seen most mining operations continue, albeit subject to some restrictions, and we continue to support customers’ operations through our global manufacturing and service facilities.
Building for the long term
One of the great advantages of leading a business that is almost 150 years old is that you always have a keen sense of perspective. Weir has lived through the two world wars, a great depression and countless recessions. Each time our business has had to face challenges and take difficult decisions, but it has always emerged stronger by focusing on what we do best: making the world more sustainable and efficient through innovative engineering.
Thank you and take care of yourselves and each other.