Sulzer sanctioned in Poland

Complete has to quickly suspend the actions 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.
Savings in Winterthur, Switzerland.
The Swiss engineering group believes that the sanctions towards its two entities in Poland are misguided and says that Vekselberg has no control or possession of any Sulzer entity.
The company says it’s going to proceed to do every little thing in its power to petition for a removal from the sanctions list, whereas totally complying with the sanctions presently levied against Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland.
Sulzer has 192 staff in Poland and the group is constant to provide assist to the households impacted by the native Polish sanctions.
If the suspension were to final, the potential influence on Sulzer’s gross sales is limited to CHF21 million, which represents 0.6% of the group’s whole sales in 2021.
Sulzer is not sanctioned in some other country or legal entity.

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