Sulzer has to temporarily suspend the activities of its two legal entities in Poland – Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland – as a outcome of sanctions levied by the Polish authorities on its Russian minority shareholder Viktor Vekselberg.
Sulzer’s headquarters in Winterthur, Switzerland.
The Swiss engineering group believes that the sanctions in opposition to its two entities in Poland are faulty and says that Vekselberg has no control or possession of any Sulzer entity.
The company says it’ll continue to do every little thing in its energy to petition for a removal from the sanctions listing, while totally complying with the sanctions presently levied towards Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland.
Sulzer has 192 staff in Poland and the group is continuing to supply support to the households impacted by the local Polish sanctions.
If the suspension had been to last, the potential influence on Sulzer’s sales is limited to CHF21 million, which represents zero.6% of the group’s total sales in 2021.
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