Burckhardt Compression has held a call option to acquire the remaining 40% of Shenyang Yuanda Compressor’s outstanding shares since May 2020. The company plans to exercise this call option in November of 2020. Burckhardt Compression intends to further strengthen its leading market position in China by acquiring the remaining 40% of Shenyang Yuanda Compressor. In…
The Annual General Meeting took place at company headquarters in Winterthur, in the presence of the independent proxy, a representative of the external company auditor, Chairman of the Board of Directors Valentin Vogt, and Ton Büchner, who was standing for election to the Board of Directors as a new director and as the new Chairman…
Order intake lower versus previous year Consolidated order intake amounted to CHF 607.3 mn, 7.8% below the figure for the previous fiscal year, which was the highest ever recorded in the history of Burckhardt Compression. Excluding the effects of currency translation and acquisition activity, incoming orders declined by 8.8% y-o-y. Both divisions experienced order deferrals…
With the acquisition of the global compressor business from The Japan Steel Works Burckhardt Compression is strengthening its market presence in Japan. The Japan Steel Works Ltd. whose headquarters are located in Tokyo generated in 2018 overall sales of CHF 1.9 billion. Approximately 1-2% of the overall sales is estimated to be generated in the…
Burckhardt Compression is purchasing the global compressor business of The Japan Steel Works Ltd. whose headquarters are located in Tokyo. JSW is listed on the Japanese stock exchange. Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management. Further expansion With the acquisition of the compressor business from JSW,…
The Static Hydrogen Compressor from Burckhardt Compression operates without moving parts but with thermal active metal hydrides. The Static Hydrogen Compressor is based on the GRZ’s HYCO laboratory scale metal hydrides compression solution that is already in use for small amounts of hydrogen. Burckhardt Compression will scale up the solution for the new, strongly developing…
Ton Büchner (54) was the CEO and Chairman of the Board of Management of AkzoNobel, a Dutch multinational company, from 2012 to 2017. Prior to joining AkzoNobel, he worked for Sulzer for 18 years, ultimately serving as the company’s CEO from 2007 to 2011. Ton Büchner began his professional career in the oil and gas…
Burckhardt Compression registers their first commercial success with a new capex-optimized line of compressors compliant with API Standard 618 launched a few months ago. “Burckhardt Compression has leveraged its global setup with locations around the world to offer this new, capex-optimized line of compressors. It allows us to target and win over new groups of…
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…