Even if the restrictions last longer, the impact on Sulzer’s figures would be limited. Sulzer estimates the affected sales at 21 million francs or 0.6 percent of group sales in 2021. 192 people are employed there.
According to Sulzer, the Polish sanctions actually affect the main shareholder Viktor Vekselberg, but have been extended to the Polish Sulzer companies. Sulzer points out that Vekselberg does not exercise any control or ownership rights over Sulzer companies and that all its economic rights to Sulzer are revoked.
In addition, no legal entity of Sulzer is affected by sanctions in any other country. The business will therefore be continued globally.
In Sulzer’s opinion, the sanctions in Poland are wrong. Work will therefore be carried out to ensure that the subsidiaries Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland are removed from Poland’s list of sanctions.