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| Sulzer sells GreenField AG, Basle to Nord Holding (27/09/2001, Media Release) |
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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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| Sulzer not affected by Sulzer Medica mid-year loss (19/09/2001, Media Release) |
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The Sulzer Medica mid-year accounts published today have no consequences for the Sulzer Corporation. The fully consolidated Sulzer mid-year accounts, in which these figures are now included, are without financial significance. Decisive for Sulzer's ongoing development and future dividends is the financial condition of the industrial activities as presented in the pro-forma mid-year report published by Sulzer on August 23.
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| Marked rise in mid-year earnings by Sulzer core businesses (23/08/2001, Media Release) |
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Sulzer corporate operating income of CHF 161 million for the first half-year 2001 (mid-2000: CHF 3 million) was significantly affected by exceptional items. Operating income before goodwill amortization and exceptional items totalled CHF 33 million (prior mid-year level: CHF 11 million), whereby the core divisions contributed CHF 59 million (mid-2000: CHF 21 million). In view of this positive development by the core businesses on which the future of Sulzer depends, the outlook for the whole year is good.
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| Paolo Antonietti New President of Sulzer Textil (16/08/2001, Media Release) |
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Following the decision to manage Sulzer Textil as an independent company within the Itema Group, Sulzer has appointed Paolo Antonietti as new president of Sulzer Textil. At the beginning of September he will succeed Ulrich Bolleter, who temporarily took over Sulzer Textil after Philip Mosimann's departure at the end of June.
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| Sulzer Infra takeover by the Groupe Fabricom finalized (10/08/2001, Media Release) |
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With contract closure following the approval of the European Commission between the Groupe Fabricom of Belgium and Sulzer Ltd, the divestiture of Sulzer Infra announced in April 2001 has now been finalized. This divestiture is part of Sulzer’s focussing strategy.
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| Sulzer sells Sulzer Textil to Promatech (27/07/2001, Media Release) |
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Promatech S.p.A. (Colzate, Italy), a member of the Itema Group, has agreed with Sulzer Ltd to acquire Sulzer Textil, subject to approval by the regulatory authorities. The worldwide Sulzer Textil business will be transferred to Promatech. All employment contracts will be taken over in their present form. Together, the two groups will be the market leader in the worldwide weaving machinery business.
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| Sulzer Order Intake in Core Divisions 39% Higher (19/07/2001, Media Release) |
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Order intake by the Sulzer Corporation for the first half year 2001 of CHF 2193 million matched prior year level (CHF 2199 million). The core divisions performed very strongly with a growth of 39% from CHF 731 to CHF 1013 million. Orders received in discontinuing operations declined by 21% from CHF 1415 to CHF 1120 million.
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| Spin-off of Sulzer’s 74% shareholding in Sulzer Medica to be completed today (July 10, 2001) (10/07/2001, Media Release) |
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“This is a historic day for both Sulzer and Sulzer Medica,” said Leonardo Vannotti, Chairman of the Board of Directors of Sulzer AG. “A long shared history of Sulzer and Sulzer Medica comes to an end in order to allow a new beginning for both groups.”
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| Capital reduction of Sulzer entered into the commercial registry (06/07/2001, Media Release) |
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On 5 July 2001 the capital reduction of Sulzer was entered into the commercial registry. The capital reduction is an important last step for the completion of the spin-off of practically all of Sulzer’s 74% shareholding in Sulzer Medica. It was approved at Sulzer’s Annual General Meeting on 19 April 2001 and required a two-month statutory notice period before it could be completed. Following the entry of the capital reduction into the commercial registry, the spin-off shall be finalized as planned and become effective on 10 July 2001.
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| Sulzer shareholders receive important information on the spin-off of Sulzer Medica (25/06/2001, Media Release) |
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Today Sulzer has sent a brochure to its shareholders detailing important information regarding the spin-off of practically all of its 74% shareholding in Sulzer Medica. The spin-off is intended to be completed on July 10, 2001, marking one of the most significant events in the histories of Sulzer and Sulzer Medica.
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