Order intake for 2001 by the Sulzer core divisions rose 17% to CHF 1921 million, equivalent to a 7% increase adjusted for acquisitions, divestitures and currency effects. Due to declining figures among the discontinuing operations, overall order intake (not including Sulzer Medica) was 22% lower than in prior year or 1% higher after adjustment. Sulzer expects ongoing growth for 2002 despite a challenging year.
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Following CE-certification of the “HXS 1000 Premiere” fuel cell system per year-end 2001, Sulzer Hexis can now market this system throughout the European Union. The first four pre-production units were delivered to sales partners in Germany and Austria last December. After ten years of intensive development work this CE-certificate represents a milestone in fuel cell marketing, mainly for covering heat and power needs in priva...
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Sulzer Ltd initiated arbitration proceedings today against Sulzer Medica Ltd to confirm legal validity and executability of Sulzer Medica's obligation to indemnify Sulzer Ltd.
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The Board of Directors of Sulzer Ltd, Winterthur has decided to renew itself comprehensively. Four new members selected according to clearly defined competencies have been nominated by the Board under Chairman Leonardo Vannotti.
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As previously announced, Sulzer Metco has acquired the surface technology companies Euroflamm GmbH and Metaplas Ionon GmbH from Babcock Borsig AG on October 1, 2001. The transaction has now also been approved by the antitrust authorities.
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The responsibility of any manufacturing faults in 2000 as they are claimed by plaintiffs in the US lies with the manufacturer, Sulzer Orthopedics Inc. of Austin, Texas, a subsidiary of Sulzer Medica Ltd. These products were manufactured after Sulzer Medica became an independent publicly traded company in the summer of 1997. Sulzer Ltd is entirely free of any legal or moral liability for this situation.
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Urs Fankhauser has been appointed new head of Sulzer Chemtech, a Division of the Sulzer Corporation headquartered in Winterthur (Switzerland). Per January 1, 2002 this 41-year-old mechanical engineer with MBA will succeed José Galindez, who will take over a company in his home country Spain. Urs Fankhauser, currently market area manager North and South America, has held several management positions since 1986 in a number of Su...
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Order intake by the Sulzer core divisions for the first nine months of 2001 rose to CHF 1468 million, 25% higher than in prior year (+10% adjusted for acquisitions, divestitures and currency effects). Order intake by the discontinuing operations declined by 4% to CHF 1290 million after adjustment. In total, consolidated order intake increased by 3% after adjustment.
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On October 1, 2001 Sulzer Metco has acquired the surface technology companies Euroflamm GmbH and Metaplas Ionon GmbH from Babcock Borsig AG. The transaction is still subject to approval by the antitrust authorities. Annual sales of the two companies with a total of 295 employees are around CHF 70 million (DM 90 million).
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An investor consortium led by Nord Holding Unternehmensbeteiligungsgesellschaft mbH (Hanover, Germany) closed the purchase of GreenField AG from Maschinenfabrik Sulzer–Burckhardt AG. GreenField AG is a division of Sulzer Burckhardt, with sales around CHF 50 million in standard high-pressure compressors. All 170 employees will be taken over under existing employment conditions.
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