| Corporation |
| Sulzer Board of Directors: Comprehensive Renewal (14/12/2001, Media Release) |
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The Board of Directors of Sulzer Ltd, Winterthur has decided to renew itself comprehensively. Four new members selected according to clearly defined competencies have been nominated by the Board under Chairman Leonardo Vannotti.
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| Corporation, Sulzer Metco |
| Euroflamm and Metaplas acquisition by Sulzer finalized (28/11/2001, Media Release) |
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As previously announced, Sulzer Metco has acquired the surface technology companies Euroflamm GmbH and Metaplas Ionon GmbH from Babcock Borsig AG on October 1, 2001. The transaction has now also been approved by the antitrust authorities.
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| Corporation |
| Sulzer Ltd not responsible for faulty prostheses implants (13/11/2001, Media Release) |
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The responsibility of any manufacturing faults in 2000 as they are claimed by plaintiffs in the US lies with the manufacturer, Sulzer Orthopedics Inc. of Austin, Texas, a subsidiary of Sulzer Medica Ltd. These products were manufactured after Sulzer Medica became an independent publicly traded company in the summer of 1997. Sulzer Ltd is entirely free of any legal or moral liability for this situation.
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| Corporation, Sulzer Chemtech |
| Urs Fankhauser new Head of Sulzer Chemtech (06/11/2001, Media Release) |
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Urs Fankhauser has been appointed new head of Sulzer Chemtech, a Division of the Sulzer Corporation headquartered in Winterthur (Switzerland). Per January 1, 2002 this 41-year-old mechanical engineer with MBA will succeed José Galindez, who will take over a company in his home country Spain. Urs Fankhauser, currently market area manager North and South America, has held several management positions since 1986 in a number of Sulzer divisions.
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| Corporation |
| Twenty-five percent rise in order intake by the Sulzer core divisions (18/10/2001, Media Release) |
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Order intake by the Sulzer core divisions for the first nine months of 2001 rose to CHF 1468 million, 25% higher than in prior year (+10% adjusted for acquisitions, divestitures and currency effects). Order intake by the discontinuing operations declined by 4% to CHF 1290 million after adjustment. In total, consolidated order intake increased by 3% after adjustment.
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| Corporation, Sulzer Metco |
| Sulzer Metco expands coating services business (01/10/2001, Media Release) |
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On October 1, 2001 Sulzer Metco has acquired the surface technology companies Euroflamm GmbH and Metaplas Ionon GmbH from Babcock Borsig AG. The transaction is still subject to approval by the antitrust authorities. Annual sales of the two companies with a total of 295 employees are around CHF 70 million (DM 90 million).
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| Corporation |
| 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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| Corporation |
| 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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| Corporation |
| 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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| Corporation |
| 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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