Sulzer has completed the delisting of its Indian subsidiary Sulzer India Ltd. from the Bombay Stock Exchange (BSE). Prior to the delisting, Sulzer’s stake had been increased to over 90% of all outstanding shares through a public offer. With the delisting Sulzer is implementing its strategy of full ownership of main subsidiaries and underlines its strong focus on emerging markets. Sulzer is present in India with sales and servi...
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Sulzer is selling the real estate portfolio and activities of Sulzer Real Estate: The Winterthur real estate portfolio and the development unit are being acquired by Implenia Ltd for CHF 82.1 million. The real estate services are being sold to Auwiesen Immobilien AG for CHF 2.5 million. The implementation of Sulzer’s long-term strategy of selling all operationally non-essential real estate in Switzerland to third parties will ...
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Sulzer achieved a healthy level of profitability with a return on sales of 10.5% in the first half of 2010, based on early adaptation measures initiated in 2009. Order intake in the first half of 2010 increased by 4.2% (adjusted 3.5%) on the base of signs of fundamental recovery in Sulzer’s early-cycle markets and indications of stabilization in the late-cycle industries. Sales decreased due to the significantly lower order in...
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Sulzer and Bekaert, today announced the completion of the acquisition of Bekaert’s diamond-like carbon (DLC) coatings activities. The transaction value amounts to EUR 11.0 million (CHF 14.5 million). This business with its leading DLC technology achieved sales of EUR 12.5 million (CHF 16.5 million) in 2009. The acquisition will expand the geographical presence and complement the technology range of Sulzer Metco in the thin-fil...
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Sulzer today released its Sustainability Report 2009, which received the application level A+ of the Global Reporting Initiative. The company is committed to continuously improving its sustainability performance. The frequency of accidents was further reduced and hazardous waste production per net value added decreased.
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Sulzer (UK) Holdings Limited has received acceptances for its recommended cash offer in respect of over 90% of the share capital of Castle Support Services plc (“Castle”).
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Sulzer and the board of Castle Support Services plc, the sole owner of Dowding & Mills, have agreed the terms of a recommended cash offer by Sulzer (UK) Holdings Ltd for Castle Support Services plc, for a total o...
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Peter Meier, Chief Financial Officer and Member of the Executive Committee, has decided to leave Sulzer in order to pursue a career opportunity outside the company.
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At today’s Annual General Meeting of Sulzer Ltd, shareholders approved all board proposals. The dividend remains unchanged at CHF 2.80 per share.
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The order intake in the first quarter of 2010 reached CHF 816.8 million. This figure represents a decrease of 1.8% adjusted (nominal 2.7%) compared with the first quarter of the previous year. Order intake was, however, higher than in the remaining three quarters of 2009, supported by some bigger projects awarded to Sulzer Pumps and Sulzer Chemtech. Sulzer does not anticipate a quick recovery in its key markets. For the full y...
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