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| Stockholding Notification of Fidelity (03/11/2008, Media Release) |
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In compliance with the Swiss Federal Act on Stock Exchanges and Securities Trading and the associated ordinances, Fidelity International notified Sulzer Ltd about its changed holding.
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| Corporation |
| Order Intake Increased to CHF 3.3 Billion (16/10/2008, Media Release) |
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Sulzer reports a high order intake of CHF 3 330.9 million for the first nine months of 2008. This represents an adjusted1 increase of 13.1% and a nominal growth of 4.8% compared with the same period in the previous year. The order intake increase was driven by Sulzer Pumps, which achieved strong double-digit growth in the first nine months of 2008. The outlook for the full year 2008 remains positive, despite the current global economic environment. The currency translation impact will remain significant.
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| Corporation, Sulzer Pumps |
| Sulzer and Saudi Aramco Sign a Strategic Ten Year Supply Agreement (19/09/2008, Media Release) |
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Sulzer announced today that it is the first company to negotiate and sign a Strategic Corporate Procurement Agreement (CPA) with Saudi Aramco, the world's largest oil producing company. The agreement was signed in the Kingdom of Saudi Arabia by Ton Büchner, CEO Sulzer and Kim Jackson, President Sulzer Pumps.
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| Corporation, Sulzer Turbo Services |
| Sulzer Turbo Services to Expand Presence in South America (29/08/2008, Media Release) |
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Sulzer has signed an agreement to acquire the privately owned turbomachinery service-provider Capime. The company is based in Argentina and serves customers across South America. It achieved sales of approximately CHF 13 million in 2007 and employs around 90 persons. With this acquisition, Sulzer Turbo Services will expand its business in South America and strengthen the platform for further growth in that region.
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| Corporation |
| Operating Income Increased by 28% (22/08/2008, Media Release) |
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In the first half of 2008, Sulzer continued its successful development. In overall strong markets, the company further increased order intake, sales, operating income (EBIT), net income, and cash flow despite substantial negative currency effects. Return on sales significantly increased to 12.9%. The outlook for the full year 2008 remains positive, with expected increases in sales and operating income compared with the prior year. Sulzer’s high-quality order backlog builds a solid base for continued resilience in the future. The midrange targets for the divisions are being raised for return on sales from above 11% to above 12% and return on capital employed from above 20% to above 25%.
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| Corporation |
| Sulzer Publishes Sustainability Summary 2008 (17/07/2008, Media Release) |
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Sulzer released today its third full sustainability summary. The external auditor SGS confirmed its highest application level A+ of the Global Reporting Initiative. A systematic report, case studies, and comprehensive figures for all three dimensions of sustainability show that Sulzer has achieved or exceeded its economic, social, and ecological targets.
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| Corporation, Sulzer Metco |
| Sulzer Appoints New Division President Sulzer Metco (16/07/2008, Media Release) |
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Sulzer has appointed César Montenegro, currently Head of the Business Area North America of Sulzer Pumps, as new division president of Sulzer Metco and member of the executive committee of Sulzer. César Montenegro has a long and successful track record with Sulzer. He will assume his new role in mid-August 2008.
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| Corporation |
| Order Intake Increased to CHF 2.3 Billion (15/07/2008, Media Release) |
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Sulzer is reporting a high order intake of CHF 2 265.9 million for the first six months of 2008. This represents an adjusted1 increase of 14.9% and a nominal growth of 6.2% compared with the first half of the previous year. The order intake increase was driven by Sulzer Pumps, which achieved very strong growth in the first six months of 2008. For the coming months, Sulzer expects continued strong demand in most of its main markets, while the currency translation impact will remain significant.
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| Corporation, Sulzer Pumps |
| Sulzer Awarded Major Power Projects in China (25/06/2008, Media Release) |
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Sulzer Pumps has been awarded a major order for a total of 36 pumps for the Hongyanhe and Ningde nuclear power plants in China.
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| Corporation, Sulzer Metco |
| Change in the Executive Committee of Sulzer (19/06/2008, Media Release) |
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Henri Steinmetz, division president of Sulzer Metco and member of the executive committee of Sulzer since 2004, will leave Sulzer in July 2008 in order to pursue other opportunities outside of the company. Sulzer thanks Henri Steinmetz for his contributions to the improved profitability and continued growth of Sulzer Metco over the past years and wishes him the best for the future. His succession will be announced in due time.
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