Key Developments: Sulzer AG (SUN.VX)
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Latest Key Developments (Source: Significant Developments)
Sulzer AG Launches New SMD Water Pump
Sulzer AG announced that it has developed a complete new range of SMD pumps designed for raw and clean water applications. These new axially split pumps represent the evolution of Sulzer Pumps’ traditional SM and SMN pump series. The new pumps are applicable for high volume applications, such as water intake, water treatment, water transport and municipal supply, as well as for distribution of heating and cooling media in residential and industrial systems. SMD pumps also can operate desalination systems, both Reverse Osmosis (RO) and Multi-Effect-Distillation (MED) plants. Furthermore, they meet the demands of firefighting, irrigation and drainage applications, which require the efficient performance of axially split casing, double suction pumps. Full Article
Sulzer AG Opens New Service Center in Saudi Arabia
Sulzer AG announced that its new service center for engineered and pre-engineered pumps serving the Petroleum, Power Generation and Water markets in Al Khobar, Saudi Arabia has been opened. The new service center is a purpose built 5.000 square meters facility that will have 25 staff fully equipped to support the service, maintenance and retrofit needs of local pump users. Industries served include upstream oil and gas production, oil refining, power generation as well as water supply and desalination. Full Article
Sulzer AG Completes Acquisition of Cardo Flow Solutions
Sulzer AG announced that the acquisition of Cardo Flow Solutions was completed. For a total cash consideration of SEK 5.9 billion (CHF 852 million), Sulzer acquired the supplier of pumps and related equipment in the wastewater market. Full Article
Sulzer AG's Sulzer Eldim Signs Agreement with Pratt & Whitney
Sulzer AG announced that Pratt & Whitney signed a long term agreement (LTA) with Sulzer Eldim to manufacture critical engine components for the F135, F100, F119, PW4000, PW2000 and V2500 propulsion systems. This LTA has a value of USD 40 million over a four-year period. The F135 portion of this contract has a potential value of more than USD 100 million over the life of the F135 program. Pratt &Whitney is a United Technologies Corp. company. Full Article
Sulzer AG's Sulzer Eldim Signs Agreement with Pratt & Whitney
Sulzer AG announced that Pratt & Whitney signed a long term agreement (LTA) with Sulzer Eldim to manufacture critical engine components for the F135, F100, F119, PW4000, PW2000 and V2500 propulsion systems. This LTA has a value of USD 40 million over a four-year period. The F135 portion of this contract has a potential value of more than USD 100 million over the life of the F135 program. Pratt &Whitney is a United Technologies Corp. company. Full Article
Sulzer AG's CEO Ton Buechner To Leave In Q4-DJ
Dow Jones reported that Sulzer AG's Chief Executive (CEO) Ton Buechner will leave in the fourth quarter to take the top post at paint and coatings company Akzo Nobel NV. Winterthur, Switzerland-based Sulzer said the search for a new CEO will start immediately. Full Article
DIARY - Switzerland - Corporate events to Feb 28, 2013
Date GMT Event Title RIC --------------------------------------------------------------------------------------- 17-Jan 6:30 Preliminary Schweizerische Nationalbank Earnings Release 17-Jan 7:00 Sulzer AG at Helvea Conf 17-Jan Basilea Pharmaceutica AG at Helvea Conf 17-Jan Clariant AG at Helvea Conf

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