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Swiss engineering group Sulzer decided to leave the Russian market

The list of western companies leaving or freezing investments, and specifically in Russia’s critically important oil and gas sector, continues to grow

Swiss engineering group Sulzer decided to leave the Russian market

Source: Sulzer

Winterthur, May 24 - Neftegaz.RU. The Sulzer Board of Directors stated today that the sales process will begin with immediate effect and follows the announcement earlier in the year that it had already significantly reduced business activities in Russia.
The company noted:
  • We regret the necessity of this decision after decades of operations in Russia, but after careful review of the possible options, concludes that it is the best solution for all the stakeholders
Sulzer operates in the field of hydraulic engineering and has 300 employees in Russia.
The Swiss company has been headquartered in Winterthur, Switzerland, since 1834.

Sulzer is a global industry leader in fluid engineering with sustainable pumping, agitation, mixing, separation and application technologies with a network of 180 manufacturing facilities and service centers across the globe.

Since the 1st month of Russia´s invasion of Ukraine, dozens of the world's biggest energy companies have abandoned, canceled investments in projects or scaled back their operations in Russia.

To read the news in Russian

Source : Neftegaz.RU


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