Based on the Stock Exchange Act, Peter Cundill & Associates (Bermuda) Ltd has announced that it holds now less than 5% of Sulzer’s share capital.

Subject to anti-trust board approval, Sulzer Metco is acquiring WOKA GmbH, a family-owned carbides manufacturer with 70 employees and sales totaling about CHF 20 million (EUR 14 million) for 2002.
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Within the framework of its planning for the future, the Axpo Group is also testing the decentralized use of fuel cells as systems for the cogeneration of electricity and heat. To this end, the utility and Sulzer Hexis Ltd have signed a co-operation agreement.
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Order intake by the Sulzer Corporation for the first nine months of 2003 totaled CHF 1482 million. Compared with the prior year period, this represents strong growth of 7% in local currencies and adjusted for acquisition effects, or 1% nominal. The third quarter significantly improved on that of prior year, with a 13% nominal rise in order intake. Further stabilization of the market situation increasingly indicates an economy ...
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The two Executive Committee members Christina Künzle, head of Corporate Development, and Eduard Rikli, head of Sulzer Metco, will be leaving the Sulzer Corporation per year-end 2003. The new head of Corporate Development will be Markus Heusser who has been with McKinsey since 1996. Bruno Walser, a long-standing member of the Sulzer Executive Committee, will head Sulzer Metco ad interim until a long-term successor is appointed....
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The mid-year figures 2003 confirm the stable development of the Sulzer Corporation: While being lower in nominal terms, both order intake (CHF 1001 million) and sales (CHF 866 million) increased in local currencies compared with the previous year. Operating income before goodwill amortization (EBITA) of the core divisions improved to CHF 45 million (previous year CHF 43 million) with the corporate EBITA reaching CHF 49 million...
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Orders received by the Sulzer Corporation for the first half year 2003 totaled CHF 1001 million. In local currencies and adjusted for acquisition effects, this represents a substantial growth of 5 percent. The nominal decline of 4 percent is primarily attributable to currency effects. Order volume again increased in the second quarter 2003 – as in the two previous quarters –, and Sulzer expects further stabilization of the mar...
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On June 30 SIP Real Estate Limited and Sulzer Immobilien AG closed agreement for the sale of buildings 540 and 541 on the Sulzer site in Oberwinterthur, Switzerland. The sale of these properties – the Centerpulse Ltd. administration and production buildings – represents an important further step by Sulzer Immobilien AG in the strategic divestiture of nonoperating real estate.
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Peter Cundill & Associates (Bermuda) Ltd. holds 201’238 shares of Sulzer Ltd. This is equivalent to 5.53% of the share capital, not 5.82% as stated in the media release of June 27, 2003.
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The Sulzer Innotec division, Winterthur, is focusing its research mandate activities on selected industrial competencies. In this connection Sulzer Innotec will be discontinuing activities in certain research disciplines, leading to a reduction of up to 30 jobs (out of 150) by year-end 2003. Sulzer Innotec is currently undergoing transformation into a self-sufficient business unit of the Sulzer Corporation. The measures now ta...
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