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| New Top Management to Take Over in April 2007 (26/09/2006, Media Release) |
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Leonardo Vannotti, member of the board of directors since 1993 and its chairman since 2001, will retire at the annual shareholders’ meeting in April 2007. The present Sulzer CEO, Ulf Berg, will be proposed for election to the board at the same time. If elected, he will be nominated as chairman of the board. Ton Büchner, currently president of the division Sulzer Pumps, has been appointed as the new Sulzer CEO. He will also assume his new position in April 2007. His successor as president of Sulzer Pumps will be Kim Jackson, who is presently head of the Asian area in the same division.
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| Corporation, Sulzer Chemtech |
| Sulzer Awarded a Significant Project in China (12/09/2006, Media Release) |
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Sulzer Chemtech has signed a contract with BlueStar New Material Corporation; the order includes engineering and equipment for China’s largest Bisphenol A plant with a volume in the lower double-digits of million CHF.
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| Corporation |
| Income Up 77% (22/08/2006, Media Release) |
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In the first half of 2006, Sulzer continued to grow strongly. Order intake, sales, operating income (EBIT), and net income were well above the values of the corresponding period in 2005. Further progress towards operational excellence and good overall market conditions are the basis for the good results.
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| Corporation, Sulzer Chemtech |
| Sulzer Acquires Mixpac, Werfo, and Mold (22/08/2006, ) |
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Sulzer purchases the corporations Mixpac, Werfo, and Mold in two steps for about CHF 210 million. In 2005 the companies achieved combined sales of approximately CHF 110 million and today employ around 350 persons. Sulzer Chemtech intends to use the acquisition to strengthen and expand its market position in static mixing.
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| Corporation |
| Order Intake Increases by 27% (13/07/2006, Media Release) |
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During the first half of 2006, Sulzer enjoyed continued growth. The order intake increased substantially by CHF 350.1 million to CHF 1,654.8 million as compared to CHF 1,304.7 million a year ago. Sulzer anticipates the good order situation to continue during the second half of the year.
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| Corporation |
| New CFO at Sulzer in 2007 (09/06/2006, Media Release) |
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Bruno Allmendinger, CFO since 1998, wishes to take early retirement in 2007. Peter Meier has been selected as his successor. Peter Meier, who has occupied various positions at Sulzer since joining the corporation in 1992, is currently Head of Finance and Controlling at the Sulzer Metco division. He will assume his new function on March 1, 2007.
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| Corporation |
| Sulzer Pays a Dividend of 14 Swiss Francs per Share (12/04/2006, Media Release) |
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At the annual general meeting of Sulzer Ltd, all board proposals were approved by the shareholders. Chairman of the board Dr. Leonardo Vannotti emphasized the good operating performance of the core divisions, which in 2005 again recorded significant increases in earning power.
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| Corporation |
| Excellent First Quarter: Order Intake Up 34% (12/04/2006, Media Release) |
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Sulzer reported a very high order intake of CHF 844.9 million for the first quarter of 2006. The year-on-year growth rate of a nominal 34.0% (adjusted for acquisitions, divestitures, and currency effects +26.7%) is exceptional and exceeded expectations. For the coming months, Sulzer expects a good order situation.
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| Corporation |
| Closing of Paco Divestiture (02/03/2006, Media Release) |
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The Sale of the Paco pumps business has been completed this week. In January, Sulzer announced the transfer to the Grundfos Group, which supports the focus on Sulzer Pumps core activities.
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| Corporation |
| Sulzer Boosts Net Income to CHF 128 Million in 2005 (28/02/2006, Media Release) |
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Following its successful performance in the previous year, Sulzer recorded high growth and a strong improvement in results in 2005. Sales rose by 20.9% to CHF 2,498.2 million (adjusted1 +14.5%), while operating income (EBITA) was up 23.0% at CHF 166.8 million. The net income amounted to CHF 128.3 million, 82.8% above previous year. The board of directors proposes to increase the dividend to CHF 14 per share (previous year: CHF 9). In 2005, Sulzer thus continued the path of profitable growth established in recent years. Performance is expected to be strong in 2006 as well.
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