| Sulzer to Strengthen Tower Field Service Activities in Australia and Asia with Acquisition of TowerTech (22/12/2008 , Media Release ) |
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Sulzer Chemtech has signed on December 19, 2008 an agreement to acquire the TowerTech companies based in Australia, Thailand, and Singapore for a purchase price of AUD 11 million (CHF 8 million). Subject to the fulfillment of certain contractual conditions, the closing of the acquisition is expected in January 2009. TowerTech averages a turnover of approximately AUD 10 million (CHF 7.5 million). With this acquisition, Sulzer Chemtech will expand its geographical presence as a leading specialized tower field service supplier.
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| Sulzer Mixpac Gains Temporary Restraining Order - Against Mixing Tips Copiers (03/12/2008 ) |
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Sulzer Mixpac announced today that they have taken legal actions to protect its products from unauthorized copying. The U.S. District Court for the Southern District of New York issued a Temporary Restraining Order (TRO) preventing the defendants from offering Mixing tips being imported into the US that are likely to cause confusion with genuine Mixpac tips at the Greater New York Dental Meetings held at the Javits Center.
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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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