Sulzer today releases indicators for its social and ecological performance in 2010. The data were assessed by the external assurance company SGS and are available under www.sulzer.com/sustainability . Sulzer reduced the frequency of accidents by a further 20% to 4.4 cases per million working hours in 2010. Measures were initiated to improve energy efficiency. Starting this year, environmental pro...
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On April 15, 2011, Sulzer Chemtech acquired the privately-owned maintenance specialist C.L. Engenharia Ltda. in Brazil. The acquired company achieved sales of BRL 20.6 million (approximately CHF 11.7 million) in 2010. With this acquisition, Sulzer Chemtech will enhance the competitiveness of its tower field service activities in Brazil by adding the competencies of a local contractor with a skilled crew.
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At today’s Annual General Meeting of Sulzer Ltd, shareholders approved all board proposals. An increased dividend of CHF 3.00 per share will be paid to the shareholders. Jill Lee and Marco Musetti were elected as new members to the Sulzer Board.
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Sulzer made a strong start in the first quarter of 2011 with an increase in order intake of 15.5% adjusted1 and 12.4% nominally compared with the respective period of the previous year. All divisions contributed to this increase. Growth was driven by continued recovery in the early-cycle markets and by some large project orders. For the full year 2011, order intake is expected to show adjusted¹ growth of close to 10...
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Tim Summers, Member of the Sulzer Board and Chairman of Venetos Management, a company of the Renova Group, has informed the Board of Directors of Sulzer that he will not stand for reelection at the Annual General Meeting of Sulzer on April 14, 2011. This decision is due to his recently announced nomination for the board of OC Oerlikon in addition to other demanding functions. The Board thanks Tim Summers for his contributions.
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Sulzer and Assa Abloy have signed an agreement for the acquisition of Cardo’s Flow Solutions business by Sulzer. With the intended acquisition of this strong supplier in the attractive wastewater pumps market, Sulzer will benefit from long-term growth trends. Leveraging Sulzer’s broad global presence and further developing the complementary product portfolios, Sulzer wants to further grow the business and create value.
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In 2010, Sulzer proved its ability to adapt quickly to changed market conditions. The company achieved a strong double-digit profitability with a return on sales of 12.8% and an improved return on capital employed of 28.1%. Sales (CHF 3.2 billion, –5.0%) were still impacted by the notable decrease in order intake in 2009. Net income¹ increased by 11% to CHF 300.4 million, corresponding to earnings per share (EPS) of...
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Sulzer’s order intake increased in 2010 by 9.0% (adjusted¹ 7.5%) to CHF 3 288.7 million. This improvement, in a still challenging economic environment, was driven by acquisitions and the recovery in early-cycle markets. Adjusted¹, order intake is predicted to grow moderately in 2011. A continued recovery is forecasted in the early-cycle markets, albeit at a slower pace. In the late-cycle markets, the oil ...
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With two openings in China and Russia this week, Sulzer has made important steps in the implementation of its strategy to strengthen its presence in emerging markets. In Suzhou, China, the company invested around CHF 30 million in the expansion of its global manufacturing network. The new state-of-the-art factory for engineered pumps mainly focuses on the oil and gas and the power generation market segments. Additionally, with...
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Sulzer has successfully completed the transaction of its Winterthur real estate portfolio to Implenia Ltd, which was first announced on August 31, 2010. By acquiring the company Sulzer Immobilien AG in a share deal structure, Implenia is taking over Sulzer’s operationally non-essential real estate in Switzerland, including liabilities.
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