Sulzer has to temporarily droop 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 authorities on its Russian minority shareholder Viktor Vekselberg.
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The Swiss engineering group believes that the sanctions in opposition to its two entities in Poland are erroneous and says that Vekselberg has no control or ownership of any Sulzer entity.
The firm says it’ll proceed to do every thing in its energy to petition for a removing 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 workers in Poland and the group is continuing to offer support to the households impacted by the local Polish sanctions.
If the suspension were to final, the potential influence on Sulzer’s sales is proscribed to CHF21 million, which represents zero.6% of the group’s complete gross sales in 2021.
Sulzer isn’t sanctioned in another country or legal entity.
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