Weir Gabbioneta Opened New Manufacturing Facility in Italy

Italy: Gabbioneta, which was acquired by Weir in 2005, is a significant provider of heavy duty process pumps and maintenance services since 1897. Weir Gabbioneta which is a part of Weir Group opened a new manufacturing facility with an investment of more than USD33.76 million. The faculty is spread across 18,000 square feet, based in in Milan, Italy. This facility will be involved in the manufacturing of centrifugal pumps along with its support for products and services. The company is expected to employee around 300 skilled people in the plant. The company’s new facility will include testing of more powerful pumps and will cater to the increasing demand from oil & gas, petrochemical and power generation industries.

TechSci Research depicts that the company’s new production facility in Italy will help them to increase the competitiveness in the market as well as enhance their product portfolio catering to their customers with more advanced engineering solutions. This will also help the company to increase their business in future by offering wide range of solution owing to the increasing demand for energy globally.    

According to the recently published report by TechSci Research, “Global Vacuum Pumps Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, the growing demand from major end user applications such as oil & gas, semiconductors, and other industrial and process industries is forecast to drive sales of vacuum pumps till 2021. In the semiconductor industry, these pumps are largely used in wafer fabrication and materials production. The global semiconductor equipment market was valued at about USD37.5 billion in 2014. Anticipated growth in the semiconductor equipment market over the next five years is expected to drive demand for vacuum pumps, globally, through 2021.