LG Chem Selected Burckhardt Compression as Key Equipment Supplier for LDPE-EVA Plant December 01, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded an order from LG Chem to deliver one Hyper Compressor and one Process Gas Compressor for the LDPE-EVA plant in Daesan, Korea. Read more
Significantly higher order intake in a challenging currency environment November 08, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression, one of the world’s leading manufacturers of reciprocating compressors, recorded a strong 20.4% increase in order intake during the first half of fiscal 2011 (April to September). Sales were 17% below the figure reported for the year-ago period (-12.8% at constant exchange rates) primarily because of the delivery schedules for new machines specified by customers. An EBIT margin of 14.7% was achieved. As announced earlier this year, Burckhardt Compression expects sales in the 2011 fiscal year to amount to approximately CHF 330 million with an EBIT margin near the middle of its targeted long-term range of 10% to 20%. Read more
Burckhardt Compression: Change in the Executive Board November 01, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Regula Brunner, Head of Human Resources Management at Burckhardt Compression and a member of the Executive Board, is handing over her management responsibilities to Susan Lütolf on June 1, 2012. Read more
Petroleum Development Oman LLC Chose Burckhardt Compression to Deliver Process Gas Compressor for MGI Facility October 04, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded an order from Petroleum Development Oman LLC to deliver one Process Gas Compressor for the new MGI facility in the Sultanate of Oman. Responsible Contractor for the Project is Worley Parsons Oman Engineering LLC. Read more
Strong Swiss franc effects a revision of guidance for fiscal year 2011 September 09, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression expects sales in fiscal year 2011 to amount to approximately CHF 330 million with an EBIT margin near the middle of its targeted long-term range of 10% to 20%. Guidance was revised due to the tremendous appreciation of the Swiss franc over the past several months. Order intake has shown pleasing growth during the current year. Read more
Annual General Meeting of Burckhardt Compression: All motions of the Board of Directors approved July 02, 2011 | Ad hoc announcement pursuant to Art. 53 LR
At the Annual General Meeting of Burckhardt Compression Holding AG held at the Parkarena in Winterthur, the attending shareholders approved all motions of the Board of Directors. The dividend was set at CHF 5.00 per share. Read more
Burckhardt Compression results for fiscal year 2010: Considerable increase in order intake – higher sales – lower profits June 07, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Orders received by Burckhardt Compression, one of the world’s leading manufacturers of reciprocating compressors, during fiscal year 2010 (ending March 31, 2011) increased considerably by 27%. Sales rose by 4%. The preceding downtrend in order inflow from January 2009 until March 2010 had a negative impact on the profitability of the late-cyclical business of Burckhardt Compression, but its profit margins are nevertheless still excellent compared to other industrial companies. Net income for the year declined 20%. An unchanged dividend of CHF 5.00 per share will be proposed at the Annual General Meeting. For the current 2011 fiscal year, management expects an increase in order intake, higher sales and profit margins similar to the levels achieved in the previous year. Read more
SINOPEC Selected Burckhardt Compression to Deliver Six Laby® Compressors for the Wuhan Petrochemical Complex May 17, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded two orders by SINOPEC Wuhan Company to deliver a total of six Laby® Compressors for their petrochemical complex. Various well running reference plants in China have proven the Laby® Compressor’s unmatched performance in demanding applications. Read more
Compressor Revamp – Successful Increase of Mass Flow May 16, 2011 | Hyper Compressor
In 2011, a South Korean LDPE plant conducted a plant capacity increase of 50%. Debottlenecking of the entire compressor system (Hyper Compressor and Booster/Primary Compressor) was needed in order to fit the new operation parameters. Comprehensive engineering services were applied on both compressors and new major components were delivered. Read more
Burckhardt Compression appoints new member of the Executive Board March 15, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has appointed the 38 year-old Lukas Betschon as the new Head of Design & Manufacturing as the successor of Marcel Pawlicek. Lukas Betschon will take over his new function on Juy 1st, 2011. As mentioned in the media release in the beginning of December Marcel Pawlicek will assume the position of CEO. Read more
Renewal of IPO shareholder agreement at Burckhardt Compression February 09, 2011 | Ad hoc announcement pursuant to Art. 53 LR
The five management shareholders who participated in the management buyout in 2002 and who issued the IPO of Burckhardt Compression in 2006 have informed the Company that they have decided to sign a new shareholder agreement for another five years until 2016. At the same time the shareholder group has disclosed that its aggregate holdings of Burckhardt Compression shares have fallen below the disclosure threshold of 15% to 14.8%. Read more
IPC (Sipchem) Chooses Burckhardt Compression as Key Equipment Supplier for Their LDPE-EVA Plant – Production Process Licensed by ExxonMobil February 03, 2011 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded an order from International Polymers Company (IPC), Jubail, Saudi Arabia, to deliver a Hyper Compressor for their LDPE-EVA plant. The production process is licensed by ExxonMobil Chemical Technology Licensing LLC (ExxonMobil). Read more