Based on the Stock Exchange Act, BriTel Fund Trustees Limited, The Trustees of BT Pension Scheme, has announced, that Hermes Investment Management BT Pension Scheme and Hermes Focus Asset Management Europe Ltd together hold now less than 5% of Sulzer’s share capital.

On May 11, 2005, Sulzer Chemtech and Cana-Tex signed an agreement to acquire Cana-Tex, based in Houston, Texas. Subject to the fulfillment of certain conditions, closing of the acquisition will become effective as of July 1st, 2005. Cana-Tex having about 40 employees averages a turnover of approximately USD 24 million. With this acquisition Sulzer Chemtech will become a leading specialized tower field service supplier.
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In the first quarter of 2005, Sulzer recorded a high order intake of CHF 630.4 million, representing a growth of 15.0% in nominal terms, adjusted for acquisition and currency effects 11.3% compared to the first quarter of the previous year. All core divisions increased their order intake. For the first half of the year Sulzer expects the positive development of the order intake to continue.
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At today’s 91st annual general meeting of Sulzer Ltd, all board proposals were approved by the shareholders, including a dividend of 9 Swiss francs per share. Chairman of the board Dr. Leonardo Vannotti and vice chairman Thor Håkstad were reelected for another three-year term. Dr. Leonardo Vannotti emphasized the good operating performance of the core divisions, which recorded significant increases in earning power in 2004.
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2004 was a successful year for Sulzer. The core divisions posted significantly higher sales (CHF 2,049 million, +14%) and operating income (EBITA: CHF 130 million, +55%). Net profit for the corporation reached CHF 73 million, an increase of 78% over that of the prior year. In accordance, the board of directors proposes a dividend of CHF 9 per share (prior year: CHF 6). With the high order intake (CHF 2,198 million, +15%) and e...
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With immediate effect Peter Alexander will head the division Sulzer Turbo Services. He successfully managed the division ad interim after Brian McKenzie resigned in November 2004. Peter has broad experience in the turbine business and in international management.
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Sulzer Hexis advanced well in 2004. Altogether, the one hundred installed fuel cell systems ‘HXS 1000 Premiere’ exceeded one million operating hours under real-life conditions. In applications for single-family homes, Sulzer Hexis is worldwide leading with this kind of achievement. Several units are operating for more than 10’000 hours already. This is an important prerequisite for series production and market introduction and...
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Sulzer recorded a high order intake during 2004: at CHF 2,198 million, the figure was 15.2 % over the prior year. In an economically stable environment Sulzer expects a reduced growth rate in 2005.
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Brian McKenzie, member of the executive committee at Sulzer Ltd and division president of Sulzer Turbomachinery Services, a core division of Sulzer Ltd in Winterthur, will leave the company as of November 1, 2004. Peter Alexander, current Head of Business Development of Sulzer Turbomachinery Services will head Sulzer Turbomachinery Services ad interim until a successor is appointed.
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Sulzer registered a high growth in order intake during the first nine months of the year by a nominal 12.2% to CHF 1,662.4 million. Adjusted for acquisition and currency effects the increase was 11% over the prior year. The trend is expected to remain favorable for the year overall. Currently Sulzer expects both operating income and net income in the second half of 2004 to be ahead of the first half year’s results, and for the...
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