Key Developments: Sulzer AG (SUN.VX)
169.90CHF
22 May 2013
CHF1.30 (+0.77%)
CHF168.60
CHF168.50
CHF171.00
CHF168.10
104,925
90,136
CHF171.00
CHF105.70
Latest Key Developments (Source: Significant Developments)
Sulzer AG Comments On FY 2013 Guidance-Conference Call
Sulzer AG announced that it believes moderate growth here on orders and sales and also expects profitability to improve slightly in fiscal 2013. Full Article
Sulzer AG Proposes Dividend; Announces Board Change
Sulzer AG announced that the Board of Directors will propose an increased dividend of CHF3.20 per share (2011: CHF 3.00) at the Annual General Meeting on March 27, 2013. The Company also announced that Jürgen Dormann, who has been Chairman of the Board of Directors since 2009, will not stand for reelection at the Annual General Meeting on March 27, 2013, following internal age limitation rules. The Sulzer Board of Directors will propose Manfred Wennemer as new Member of the Board to the Annual General Meeting and intends to subsequently elect him as Chairman of the Board. Full Article
Sulzer AG's Unit And FMC Technologies Inc Signs Long-Term Deal On Subsea Pumps-DJ
Dow Jones reported that Sulzer AG's Pumps unit and FMC Technologies Inc strengthened their existing relationship through the signing of a long-term and exclusive collaboration agreement. This agreement addresses the supply of pumps for subsea applications and the further development of pumping technology of Sulzer Pumps to meet the future needs of FMC Technologies and the subsea exploration and production industry. Through this agreement, both companies aim to further leverage leading-edge technology that they have already been collaborating on such as world-class pumps from Sulzer Pumps, and subsea systems and advanced permanent magnet motor technology from FMC Technologies. Full Article
Sulzer AG Launches New Dewatering Pumps
Sulzer AG announced that it has launched the next generation of dewatering pumps, developed for harsh conditions in the construction and mining industries. The product is available in two series, one for drainage (the XJ pump) and one for sludge (the XJS pump). Full Article
Sulzer AG Comments on the FY 2012 Forecast
Sulzer AG announced that in the fiscal year 2012 the Company's order intake and sales are expected to increase within the high single-digit range, driven by the acquisition and organic growth, and profitability is projected to remain at a double-digit level. Full Article
Sulzer AG Issues FY 2011 Dividend
Sulzer AG announced that an unchanged dividend of CHF 3.00 per share will be paid to the shareholders for the fiscal year 2011. Full Article
Sulzer AG Completes Acquisition of Cold Spray Related Assets and Activities of CGT Cold Gas Technology GmbH and Aircraft Philipp Ampfing GmbH & Co.KG
Sulzer AG announced that it has closed the acquisition of all cold spray related assets and activities of CGT Cold Gas Technology GmbH and Aircraft Philipp Ampfing GmbH & Co.KG, Ampfing, Germany. The financial terms and conditions of the transaction have not been disclosed. Full Article
Sulzer AG Opens Its Second Service Centre in Russia
Sulzer AG announced that it has opened its second service centre in Russia. It is located in the city of Oktyabrsky, Republic Bashkortostan, and it is the Company's second center after the first in Khimki, Moscow. The Oktyabrsky service center is a service centre with an area of 1.500 square meters and fully equipped to overhaul and repair all types of rotating equipment. Its close proximity to Ufa, Samara, Orenberg and other industrial cities in the area of oil production fields and refineries brings Sulzer Pumps closer to customers. The service center houses service technicians, engineering, contract administration and sales staff providing services for a wide range of pumps used for different applications. It will be fully operational in early 2012. Full Article
Sulzer AG Appoints New Chief Executive Officer
Sulzer AG announced that its Board of Directors has appointed Mr. Klaus Stahlmann as new Chief Executive Officer of the Company with immediate effect. Full Article
Sulzer AG Completes Acquisition of Hidrotecar S.A.
Sulzer AG announced that the acquisition of the privately owned pump company Hidrotecar S.A. in Burgos, Spain, was completed on January 10, 2012. The financial terms and conditions of the transaction have not been disclosed. 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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