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Last SFr.98.40 CHF
Change Today 0.00 / 0.00%
Volume 361.8K
SUN On Other Exchanges
Symbol
Exchange
SIX Swiss Ex
As of 11:43 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sulzer ag-reg (SUN) Snapshot

Open
SFr.98.55
Previous Close
SFr.98.40
Day High
SFr.98.65
Day Low
SFr.98.35
52 Week High
09/18/14 - SFr.138.40
52 Week Low
01/16/15 - SFr.88.55
Market Cap
3.4B
Average Volume 10 Days
245.2K
EPS TTM
SFr.-5.79
Shares Outstanding
34.3M
EX-Date
04/7/15
P/E TM
--
Dividend
SFr.3.50
Dividend Yield
3.56%
Current Stock Chart for SULZER AG-REG (SUN)

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sulzer ag-reg (SUN) Details

Sulzer Ltd, together with its subsidiaries, provides pumping solutions, rotating equipment maintenance and services, as well as separation, reaction, and mixing technology solutions worldwide. The company operates through three divisions: Pumps Equipment, Rotating Equipment Services, and Chemtech. The Pumps Equipment division offers various pumps and systems for engineered, configured, and standard pumping solutions; and auxiliary equipment, such as monitoring and controlling systems, compressors, and others. It serves oil and gas, hydrocarbon processing, power generation, water, pulp and paper, and general industrial markets. The Rotating Equipment Services division provides repair, refurbishment, and maintenance services for rotating equipment; and field services, shop-based repair, engineering services, coatings, dynamic balancing, and general machining services, as well as offers maintenance agreements. This division also manufactures parts for gas and steam turbines, generators and motors, compressors, hot gas expanders, fans and blowers, draglines, traction motors, and other ancillary equipment. It serves oil and gas, power generation, and other industrial markets. The Chemtech division provides products and services for separation, reaction, and mixing technology, as well as engineering; two-component mixing and dispensing systems; mechanical services to offshore platforms, natural gas plants, oil refineries, and petrochemical plants; and multi-component systems for metering, mixing, and dispensing. This division serves chemical processing, oil and gas, hydrocarbon processing, and other industrial markets. Sulzer Ltd. was founded in 1834 and is headquartered in Winterthur, Switzerland.

15,159 Employees
Last Reported Date: 07/28/15
Founded in 1834

sulzer ag-reg (SUN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

sulzer ag-reg (SUN) Key Developments

Sulzer Ltd. Wins Order from Strathcona Storage Limited to Supply Pumps for Salt Caverns Project in Canada

Sulzer Ltd. has won an order from Strathcona Storage Limited Partnership to supply pumps for Salt Caverns Storage Project in Canada. The pumps Sulzer supplies are for the challenging application of injecting hydrocarbons at a very high pressure into salt caverns for storage. The pumps will be shipped in the first quarter of 2016. Sulzer's sales, tendering, and engineering teams from Canada, USA, and Brazil provided a solution that met the customer's technical and commercial expectations. Besides the delivery, Sulzer will take care of training of the staff, repair, and other services as required for the complete life cycle of the pumps. The CP Volute Style Pumps for the ethylene service will be designed, engineered, manufactured, and tested in Portland, USA. The GSG Diffuser Style Bare Shaft Pump will be designed, engineered, and manufactured in Jundiai, Brazil, and finally packaged and tested in Portland, USA.

Sulzer AG Announces Executive Changes

The Board of Directors of Sulzer was surprised to hear of Klaus Stahlmann's personal decision to step down as CEO of Sulzer AG. The Board of Directors appointed the CFO of Sulzer, Thomas Dittrich, in addition to his duties as CFO to the Group s interim CEO, also with immediate effect. Thomas Dittrich is Group CFO since August 2014. He has over twenty years of comprehensive experience in corporate finance, controlling and mergers and acquisitions working for global companies.

Sulzer Updates on Restructuring Measures; Reduces Workforce and to Close Foundry in Jundiai

Since the beginning of 2015, Sulzer's Pumps Equipment division has been organized in three market-oriented business units Oil and Gas, Power, and Water, a dedicated global Parts, Retrofit, and Nuclear Services organization, and a Global Operations network. With the new setup, the company targets to make better use of its capacity and improve quality. At the same time, the oil and gas market remains challenging, leading to low investment levels and project suspensions. Based on this situation, Sulzer decided to react to the current market conditions and to streamline the manufacturing capacities in Brazil, the USA, and China in its Pumps Equipment division. By the end of July 2015, about 410 employees were affected by these restructuring measures. Reducing workforce and closing foundry in Brazil. As a consequence of the division's new global manufacturing network and accelerated by the current economic situation in Brazil, Sulzer decided to reduce the workforce in some of its Brazilian facilities. By July 2015, about 90 employees of the pumps manufacturing facility in Jundiai have been affected. Furthermore, Sulzer decided to close its foundry in Jundiai. Approximately 60 foundry employees will be affected by the closing. The remaining activities at the Jundiai facility that is the machining shop, the pump assembly and packaging, the test bed, and the service center--will continue. Moreover, 40 employees at the Curitiba site were laid off, due to the business slowdown in the country. Reducing capacity in the USA and China. Due to the low market demand in the oil and gas industry, Sulzer reduced the workforce and manufacturing capacity in the USA and China. By July 2015, the workforce in the USA was reduced by 100 employees in Portland and by around 20 in Brookshire. China faced reductions of 80 employees in Dalian and about 20 in Suzhou. These reductions affected employees in the shop floor as well as in administrative functions.

 

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Price/Sales 1.0x
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TEV/Sales 0.5x
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