Shannon engineering firm Mincon weathers Covid and inflation storms

The firm said it will pass on the inflationary costs through price increases to customers

Mincon traditionally makes drilling equipment for companies in the mining and construction sectors but has begun to expand its capabilities in recent times.

Shannon-headquartered engineering services company Mincon has said its business order volumes “remain healthy” despite inflationary pressures, while its latest results show it weathered the Covid disruption of last year well.

Mincon said it generated revenues of €144.4m last year, which was 11.1% ahead of 2020 levels. Pre-tax profits grew by 4.4%, in 2021, to €17.8m.