Sulzer sanctioned in Poland

Sulzer has to temporarily suspend the activities of its two authorized entities in Poland – Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland – because of sanctions levied by the Polish government on its Russian minority shareholder Viktor Vekselberg.
Up-sell in Winterthur, Switzerland.
The Swiss engineering group believes that the sanctions against its two entities in Poland are misguided and says that Vekselberg has no management or ownership of any Sulzer entity.
The company says it will continue to do every thing in its power to petition for a removing from the sanctions list, whereas absolutely complying with the sanctions currently levied in opposition to Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland.
Sulzer has 192 staff in Poland and the group is constant to supply support to the households impacted by the native Polish sanctions.
If the suspension were to last, the potential impression on Sulzer’s gross sales is proscribed to CHF21 million, which represents 0.6% of the group’s complete sales in 2021.
Sulzer isn’t sanctioned in some other nation or authorized entity.

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