Sulzer increased its order intake for the first nine months of 2006 by nearly a quarter to CHF 2 491.1 million, up CHF 483.3 million compared with the same period for the previous year. Over the coming months, Sulzer expects the positive order situation to continue.
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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 ass...
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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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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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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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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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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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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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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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