In December 2019 Burckhardt Compression sold its first high-speed compressor system in Europe that meets all the requirements of ISO 13631 standards. It will be the first compressor made by Burckhardt Compression for injecting natural gas from a pipeline to an underground gas storage facility. The single-stage compressor will be manufactured at Shenyang Yuanda Compressor,…
Burckhardt Compression initially acquired a 40% interest in Arkos Group in December 2015. On July 9, 2019, Burckhardt Compression announced to exercise a call option to buy an additional 20% stake in Arkos. During subsequent negotiations the parties agreed that Burckhardt Compression would purchase the remaining 60% of Arkos Group LLC. All legal formalities have…
Higher order intake Group order intake for the first half of the 2019 fiscal year increased by 8.7% from the prior-year period to CHF 329.5 mn. The Systems Division experienced strong new order growth of 16.4% to CHF 213.1 mn. Orders from customers in the petrochemicals and chemicals industry remained at a very high level,…
In December 2015, Burckhardt Compression North America Services acquired a 40% interest in Arkos Group. The company is a specialist for gas compressor services and components. Its headquarters are in Waller, Texas and it operates 15 service centers across the US. After acquiring this initial interest in the company, Burckhardt Compression, through other subsidiaries, combined…
After a welcome address by Chairman of the Board of Directors Valentin Vogt and a review of the 2018 fiscal year from CEO Marcel Pawlicek and CFO Rolf Brändli, shareholders approved all motions proposed by the Board of Directors. Shareholders at the AGM received a small gift as part of the celebration of Burckhardt Compression’s…
Order intake: Renewed rise at both divisions Group order intake totaled CHF 658.7 mn and exceeded the prior-year figure by a pleasing 25.4%; excluding currency translation effects, incoming orders were up 25.6%. Orders received reached all-time highs at both divisions. The Systems Division accounted for CHF 428.0 mn of the new orders, which represents an increase…
Highly demanding production The production of EVA (ethylene-vinyl acetate copolymers) and LDPE (low-density polyethylene) is technically highly demanding and requires Hyper Compressors as key components. These high-pressure reciprocating compressors compress ethylene with discharge pressure of up to 3,500 bar and an installed power of up to 30’000 kW. Burckhardt Compression is one of the very…
The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel, allows both natural gas and marine diesel to be used as fuel for ship propulsion systems. Ship operators can switch between the two fuel types, maritime diesel and the boil-off gas that inevitably evaporates from LNG storage tanks, during operation.
The Board of Directors of Burckhardt Compression Holding AG has regretfully accepted Hans Hess’s decision not to stand for re-election at the Annual General Meeting on July 6, 2019. Hans Hess has served on the Board of Directors since 2006 and chaired the Board of Directors of Burckhardt Compression Holding AG from 2006 to 2010….
The Board of Directors of Burckhardt Compression Holding AG has appointed Rainer Dübi (50) to be the new President of the Services Division and a member of the Executive Board. He will succeed Martin Wendel, who has held this position since September 2016. Rainer Dübi has been with Burckhardt Compression since 2003 and is highly…