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Last SFr.104.90 CHF
Change Today +0.30 / 0.29%
Volume 33.9K
SUN On Other Exchanges
SIX Swiss Ex
As of 11:43 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

sulzer ag-reg (SUN) Snapshot

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52 Week High
02/17/15 - SFr.120.10
52 Week Low
01/16/15 - SFr.88.55
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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

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Executives, Board Directors

sulzer ag-reg (SUN) Key Developments

Sulzer Announces Executive Changes

Sulzer appointed Greg Poux-Guillaume as new CEO. Greg Poux-Guillaume was President and CEO of Alstom Grid, from 2011 to 2015. Greg Poux-Guillaume will take over as Sulzer's CEO on December 1, 2015. Thomas Dittrich, interim CEO since August 10, 2015, will return full-time to his role as CFO.

Sulzer Announces the Closure of its Pumps Equipment Manufacturing Plant in Brookshire, TX, USA, and to Close Foundry in Kotka, Finland

Order intake on a currency-adjusted basis increased by 3% in the first nine months of the year. As part of its ongoing restructuring program, Sulzer is announcing the closure of its Pumps Equipment manufacturing plant in Brookshire, TX, USA, and is also considering closing its foundry in Kotka, Finland. Sulzer s Full Potential (SFP) program is progressing according to plan and helps the company navigate the challenging market environment. With SFP, Sulzer aims to deliver a four to six percentage point profitability improvement (opEBITA margin) by 2018. The oil price is expected to remain low leading to further capital and operating expense discipline measures by Sulzer s oil and gas customers. Because of these market headwinds and in-line with its SFP program, Sulzer has decided to close its Pumps Equipment manufacturing plant, located in Brookshire, TX, USA. The closure will affect all of the Brookshire manufacturing activities. The products manufactured in Brookshire will be moved to other factories within the global operations of Pumps Equipment. However, the global management of the Oil and Gas business unit and the activities for Parts, Retrofits and Nuclear (PRN) will continue to be located in Houston, TX, USA. Further, the company is considering closing its foundry in Kotka, Finland. The cooperation negotiations which were initiated with the local works council may lead to giving notice to all 175 employees of the foundry. The operation of the foundry has not been profitable and its utilization rate has not been at target levels. Going forward the company considers procuring castings from qualified foundries in Europe and best-cost countries. The possible closing of the foundry does not have any impact on the personnel of the other units of Sulzer Pumps Finland Oy.

Sulzer, Ltd., 2015 Guidance/Update Call, Oct 15, 2015

Sulzer, Ltd., 2015 Guidance/Update Call, Oct 15, 2015


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