SULZER WITH NEW ORGANIZATIONAL STRUCTURE: SETUP FOR PROFITABLE G
(The following press release from Sulzer AG was received by e-mail. The sender verified the statement.)
Capital Market Day 2013 Sulzer with New Organizational Structure: Setup for Profitable Growth with New Services Division and New Water Business Unit
n Sulzer is adapting its organizational structure to support its key markets strategy. n Sulzer Turbo Services will be combined with the service activities for pumps into a new Services division. This will create a leading provider of services for rotating equipment. n New pumps and related systems, including spares, will form the Pumps Equipment division, with three regional business units offering engineered pumps for the oil and gas and the power markets. n A new Water business unit will combine all products and services for the water and wastewater market segments (as part of the Pumps Equipment division). n The streamlining and integration of central group functions is making good progress. n With the strategy focused on serving three key markets, covering both equipment and services, leveraging assets and capabilities across the businesses and the specific business strategies, Sulzer is geared for profitable growth. n The organizational structure will be implemented as of January 2014.
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