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| PURAC-Sulzer develop new Polymerization Technology for PLA (08/09/2008 ) |
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Diemen, the Netherlands; Winterthur, Switzerland; 8 September, 2008 – CSM nv subsidiary PURAC and Sulzer Chemtech have jointly developed a new cost effective polymerization process to produce high quality Poly-Lactic Acid (PLA). The new process relies upon proprietary and jointly developed polymerization and devolatilization technology to efficiently produce a range of PLA products from the specialty Lactides supplied by PURAC. PURAC and Sulzer Chemtech signed a joint cooperation agreement for the development and sharing of this technology.
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| Sulzer Chemtech: Profitable Organic and Acquisitive Growth (25/03/2008 ) |
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Sulzer Chemtech continued to improve its performance in 2007. Sales amounted to CHF 761.3 million, an increase of 52.2% (adjusted1 27.4%). Operating income (EBIT) again showed very high growth of 77.8% to CHF 116.3 million. As a result, the return on sales (ROS) reached a new record level of 15.3%. Due to the acquisitions of the Mixpac, Werfo, and Mold companies and Knitmesh’s separator business, the return on capital employed (ROCE), at 25.1%, was lower than in the previous year, but remained on a highly value-creating level. The integration of the acquired businesses progressed according to plan. The newly established business unit Sulzer Mixpac Systems substantially contributed to the division’s performance in 2007.
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| Sulzer Chemtech and Kuehnis Agreement on Strategic Collaboration for Liquid-Liquid Extraction (06/02/2008 ) |
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As of February 1, 2008 Sulzer Chemtech Ltd and Kuehni AG will work closely together in the field of extraction. The goal of this co-operation is the initialization of comprehensive solutions for the complex tasks in the area of packed liquid-liquid extraction columns, from pilot tests to industrial realization.
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| Sulzer Chemtech Increases Operating Income by 83.9% (21/08/2007 ) |
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In the first half of 2007, Sulzer Chemtech achieved exceptional organic growth and its results were additionally boosted by the acquisition of Mixpac, Werfo, and Mold. Order intake was 59.0% (adjusted1 39.2%) higher than in the previous year’s period, and sales rose by 56.0% (adjusted1 29.5%) to CHF 376.7 million. Operating income grew by 83.9% to CHF 58.1 million, resulting in a return on sales of 15.4%. Markets remained buoyant in all segments and regions. Large projects were received in North America, China, and the Middle East. The division’s outlook for 2007 remains positive. The level of customer investments is likely to continue—strong demand for energy and fuel being the major driver. Sulzer Chemtech expects to clearly exceed the order intake, sales, and operating income of 2006.
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