14 April 2000
Speaking at the AGM held at 12:00 noon today at the companys HQ, Keith Orrell-Jones, Chairman of Smiths Industries said:
With respect to the current trading of the company, I can confirm, as indicated in the documentation sent to shareholders on 20th October, that the growth in sales and profits recorded last year has continued satisfactorily in the current financial year to date, and the directors are confident that the outcome for the year to July 2001 will be satisfactory.
As mentioned earlier, this is not the occasion for me to comment on the proposed merger with TI Group. However, I can also confirm that the process for bringing the two companies together, which is subject - of course - to shareholder approval, is proceeding in accordance with the timetable outlined in the documents you have received on this matter.
ENDS
Related articles
John Crane signs five-year contract to support major oil company’s Canada complex
Read our latest company news as John Crane signs a 5-year contract with a major hydrocarbon processing complex
Find out moreJohn Crane awarded major 5-year Dry Gas Seal repair contract from KPO
John Crane, a global leader in rotating equipment solutions and energy transition technologies and services, and a business of Smiths Group plc, has been awarded a significant contract from Karachaganak Petroleum Operating B.V. (KPO) one of the major oil and gas operators based in Kazakhstan.
Find out moreSmiths Interconnect launches new technology to reduce power loss in industrial batteries
Innovative, environmentally friendly product provides up to 90% more energy transfer than existing offering
Find out more