Market activity in Pulp and Paper projects is expected to continue at a good level.
Market activity in Chemicals and Oil & Gas projects was weak in the first nine months of 2021. The market activity is expected to return to a satisfactory level during the next 6 months. Postponements of projects and global uncertainties continue to reduce visibility in the Chemicals and Oil & Gas project businesses.
Market activity was satisfactory for the Services and the customer Maintenance, Repair and Operations-driven (MRO) businesses during the first nine months of 2021. These markets are expected to continue to improve, reaching a good level at the beginning of 2022.
The ongoing challenges in global logistics, availability of electronic components and Covid-19 pandemic continues to create uncertainty and risks of abrupt changes in all markets important to Neles.
The market outlook reflects the management’s expectation for the next six months unless otherwise stated.