| Fiscal 2016 a difficult year | June 06, 2017 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression, the world’s leading manufacturer of reciprocating compressor systems, looks back on a fiscal year that did not meet its expectations. Orders received fell well short of the figure reported for the previous fiscal year, sales growth came solely from acquisitions, and the margins were unsatisfactory, even including a substantial nonrecurring positive effect. A dividend of CHF 7.00 per share will be proposed at the Annual General Meeting. | Read more |
| Burckhardt Compression Wins Project to Modernize Third-party Hyper Compressor at MOL Petrochemicals Plant in Hungary | May 17, 2017 | News |
| Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee. | Read more |
| Successful Relocation of Oxygen Laby® Compressor of AGA Gas in Sweden Executed by Burckhardt Compression | April 25, 2017 | News |
| AGA Gas, a Swedish subsidiary of Linde Group, decided to relocate the entire Laby® Compressor and auxiliary equipment from Stenungsund to a site in Sandviken 500 km away. Burckhardt Compression was selected for this job because it knows Laby® Compressors the best and it has a proven track record in managing the demanding requirements of oxygen compression applications. | Read more |
| Deliveries of US Shale Gas to INEOS in UK Cooled by Burckhardt Compression Laby® Compressor Systems | March 21, 2017 | News |
| Burckhardt Compression is proud to announce that it is part of the ongoing shipment of US shale gas to the INEOS Grangemouth petrochemical site in Scotland, UK. A set of high-quality low-temperature boil-off gas compressors has been installed in each of the multi-gas carriers that make up the fleet of specially designed ‘Dragon-class’ vessels and at the onshore storage tank in Grangemouth. In addition, Burckhardt Compression labyrinth piston compressors are installed at the polypropylene and polyethylene production plants in Grangemouth. | Read more |
| Emergency Rebuild of Dry Hydrogen Compressor | March 13, 2017 | Success Story |
| When a compressor for dry hydrogen experienced an emergency shutdown, Burckhardt Compression experts were quickly at the customer's side to investigate the cause and to bring the compressor back to operation – safely and reliably. | Read more |
| Burckhardt Compression introduces short-time working for part of its workforce in Winterthur | February 20, 2017 | Ad hoc announcement pursuant to Art. 53 LR |
| As already communicated by Burckhardt Compression in August and November of 2016, the market environment for its compressor manufacturing business has been unusually weak and order intake at the Systems Division has dropped significantly below the levels from the preceding years. The introduction of short-term working, as likewise announced last year, is no longer avoidable and will begin in March 2017 for some of the employees in Winterthur. The order intake in the service business, in contrast, has remained at a pleasing level. | Read more |
| Successful Investor Day at Burckhardt Compression | December 06, 2016 | Ad hoc announcement pursuant to Art. 53 LR |
| Today's Investor Day at Burckhardt Compression spotlighted the company's recent acquisitions and the business potential they offer as well as the measures that have been taken at both newly created divisions to increase incoming order volumes and reduce operating costs. | Read more |
| Results for the First Half of 2016: Thriving Services Business – drastic decline in Gas Transport and Storage Orders in Systems Division – Operating Income at Prior-Year Level | November 08, 2016 | Ad hoc announcement pursuant to Art. 53 LR |
| Order intake at Burckhardt Compression’s two divisions showed divergent developments during the first six months of the current fiscal year. The Services Division experienced a strong first half while order intake at the Systems Division had to record a strong cutback, particularly due to the slump in the gas transport and storage business by more than half. Total orders received by Burckhardt Compression amounted to CHF 222.8 mn, a decline of 12.4% from the comparable prior-year period. This figure includes orders received by Shenyang Yuanda Compressor, Burckhardt Compression’s majority-owned subsidiary as of May 2016. Adjusted for acquisitions, new orders amounted to CHF 190.3 mn, which is 25.1% below the comparable prior-year figure. Burckhardt Compression generated sales of CHF 269.6 mn (+11.0%) in the period under review; first-half sales adjusted for acquisitions amounted to CHF 228.6 mn, 5.9% less than in the prior-year period. Operating profit (–2.3%) and net income (–17.5%) were also lower than the figures reported a year ago. The capacity cuts announced in August were initiated and will produce initial cost savings already in the second half of the current fiscal year. The integration of Shenyang Yuanda Compressor and the cooperation with Arkos are proceeding as planned. | Read more |
| Burckhardt Poppet Valve™ in Challenging Gas Service | October 11, 2016 | Success Story |
| The valves of a non-Burckhardt compressor only lasted for 6 weeks in a challenging application. Burckhardt Compression analyzed the problem could increase the valve lifetime by 200% by installing poppet valves. | Read more |
| Burckhardt Compression expands its presence in Germany | September 19, 2016 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression Holding AG is acquiring IKS Industrie- und Kompressorenservice GmbH, a German firm based in Bremen. The company recorded sales of about CHF 4 million and employed a staff of 17 in 2015. Through this transaction Burckhardt Compression will become a leading provider of reciprocating compressor services in Germany. The parties have agreed not to disclose the purchase price. | Read more |
| Market situation forces Burckhardt Compression to adjust capacity | August 25, 2016 | Ad hoc announcement pursuant to Art. 53 LR |
| The market environment in the compressor business has developed less positively than expected in recent months. This is compounded by the fact that the changed product mix in new systems has led to lower capacity utilization in manufacturing and at the same time the growth in the services business is less dynamic than originally planned. These factors are compelling Burckhardt Compression to adjust capacity. 100 jobs are likely to be shed worldwide, 50 of them in Winterthur and 50 at other locations. In addition, short-time working will be introduced for around 100 staff at the Winterthur site as from October. | Read more |
| Opening of new assembly facility in Waller, US | August 10, 2016 | Ad hoc announcement pursuant to Art. 53 LR |
| On Tuesday, August 9, 2016, Burckhardt Compression celebrated the grand opening event of its new assembly facility in the US. | Read more |