Fenner2

Fenner reports flat business in third quarter

London – Fenner PLC has reported a mild recovery in its oil & gas business, while its hard-hit conveyor belts systems business (ECS) is still under global pressure.

However, the company has remained upbeat that its improvement plans would help it achieve operational efficiencies and market-share gains.

In a trading update on 13 July, the Fenner said that a recent small increase in the US rig count, combined with increased market share, is expected to benefit the oil & gas business of its advanced engineered products (AEP) operation.

However, given…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with