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Increase in new build activity bodes well

15/06/2011 · Pressure Technologies (PRES) 

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The AIM listed designer and manufacturer of speciality engineering solutions for high pressure systems issued interim results for the 26 weeks to 2 April 2011 which were much as anticipated following the trading update on 21st April. Encouragingly the oil and gas market is seeing a material increase in new build activity for deep water rigs, a core market for the Group.

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