Weir opens new foundry in Xuzhou, China

Weir

 

The Weir Group has officially opened its new foundry in Xuzhou, China. The foundry, which is part of Weir’s ESCO global foundry network, expands capacity for the manufacture of ESCO ground engaging tools (GET).

The opening ceremony, hosted by Weir’s CEO Jon Stanton, was attended by a senior leadership team from Xuzhou Hi-Tech Industry Zone and other members of Weir and its ESCO division from China and across the globe.

Occupying a 16.5-acre site in Xuzhou’s High-Tech Industrial Zone, the new foundry features the latest technology and equipment, incorporating high levels of automation. These enable the optimisation of capacity and enhance foundry processes, improving efficiency and further reducing costs of manufacture.

The new foundry represents a $60m investment and will replace Weir’s existing foundry located close by.

The company retained its skilled and loyal workforce – many of whom have been with Weir since foundry operations in Xuzhou in 2006.

Source: Mining.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.