· Orders for conveyor belts improving in Australia April 23 Reuters Fenner Plc LSE news a maker of conveyor belts that has been hit by a slowdown in the global mining industry said orders were picking up in Australia and in newer markets such as South America helping to offset weakness in the coal industry Shares of the company which
·The company which makes polymer products and conveyor belts for industrial users including miners also said it expected lower tax rate in the current financial year to boost profit Underlying
Reuters British engineering company Fenner Plc said on Wednesday it saw full year operating profit above its previous expectations helped by new product development and a bigger market share The company which makes polymer products and conveyor belts for industrial users including miners also said it expected lower tax rate in the current financial year to boost profit
·Fenner has been growing its engineering capabilities over the years through its in house conveyor belt engineers Furthermore part of Fenner s service offering includes engineered methodologies for belt installation and change outs delivered through Victoria based company Belle Banne Conveyors acquired in 2010
·Britain s Fenner Plc reported a 30 percent rise in full year profit helped by higher demand for its conveyor belts used in coal and iron ore extraction
·ERJ staff report DS Marfleet Hull Fenner PLC has reported strong results for the year ended 31 August 2008 The company reported operating profits up by 26 percent to £ million Euro 59 million on sales up 15 percent at £ million Euro 524 million
·Fenner s shares fell as much as 10 percent in early trading making the stock the top percentage loser on the FTSE 250 mid cap index FTMC which makes industrial conveyor belts and accounts
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·For example Michelin has a strong South American presence but Fenner could grow in that area Fenner also has an overlap with a focus on services in its Engineered Conveyor Solutions ECS portfolio Mr Henry said Of Fenner s returns for fiscal year ended Aug 31 2017 services made up 22 percent of the whole compared to 78 percent in
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