Reliance Worldwide faces headwinds in FY24 amid challenging market conditions

SYDNEY, AUSTRALIA: Reliance Worldwide Corporation (RWC), a global leader in plumbing and heating products, has released its guidance for the financial year 2024 (FY24), indicating a decline in revenues and operating margins due to lower demand and cost pressures. RWC said that its exposure to the repair and maintenance sector, which is less cyclical than…

IGas signs deal with SSE to develop geothermal heating project

LONDON, UK: IGas Energy, through its wholly owned subsidiary GT Energy UK Limited (GTE), has signed a MoU with SSE for the development of a geothermal district heating project in the City of Stoke-on-Trent. SSE will develop and deliver a district heating network in Stoke-on-Trent working with GTE and Stoke-on-Trent City Council. The MoU grants…