Follow-Up Order for Major LDPE Compressor Overhaul December 03, 2019 | Europe
SABIC, a global leader in diversified chemicals, operates three LDPE lines at their plant in Geleen, The Netherlands. After the successful compressor overhaul of one line in 2017, Burckhardt Compression was awarded another major overhaul order for the second line. The booster/primary compressor (Ingersoll Rand) and the Hyper Compressor (Burckhardt Compression) have been in operation for over 40 years. Thanks to the detailed planning we were able to manage the scope, including a challeng­ing foundation repair during the turnaround, according to schedule. Read more
Burckhardt Compression purchases remaining ownership of Arkos Field Services November 26, 2019 | Ad hoc Release
Burckhardt Compression North America Services LLC, an indirect subsidiary of Burckhardt Compression, purchased the remaining 60% of Arkos Group LLC effective as of November 25, 2019. With this step, Arkos Group LLC, the parent company of Arkos Field Services, LP, will be a 100% subsidiary of Burckhardt Compression and will be fully consolidated as of November 25, 2019. The previous CEO and former majority owner of Arkos Group will leave the company but will continue to provide his services and expertise as a consultant to Arkos Field Services. Read more
Higher order intake and sales – operating income and net income well above previous year’s figures – guidance for the full year confirmed November 05, 2019 | Ad hoc Release
Order intake and sales for the first half (April to September 2019) were above the figures from the same period last year while operating profit and net profit were both sharply higher year-on-year. Burckhardt Compression continues to guide for sales of CHF 600 to 640 mn for the entire 2019 fiscal year and a slight increase in margins. Read more
Major Revamp of Laby®-GI Compressor on FSRU September 26, 2019 | Europe
Golar Management Norway is one of the world’s largest independent owners and operators of LNG midstream infrastructure. They decided to deploy their FSRU (floating storage and regasification unit) vessel Golar Freeze with a new charterer who will deliver gas to Jamaica's sole power utility JPS. In order to meet the new process parameters, a major revamp of the existing Laby®-GI Compressor (used as minimum send-out compressor on board) was required under high time pressure. Read more
Burckhardt Compression exercises a call option to acquire a majority interest in Arkos Field Services in the US July 09, 2019 | Ad hoc Release
Burckhardt Compression North America Services LLC, an indirect subsidiary of Burckhardt Compression, has exercised its first call option to purchase an additional 20% interest in Arkos Group LLC, which owns Arkos Field Services, LP. With this step, Burckhardt Compression North America is raising its total interest in the company to 60%. All of the company’s 16 sites will remain in operation. Read more
Annual General Meeting adopts all motions proposed by Board of Directors July 06, 2019 | Ad hoc Release
316 shareholders attended Burckhardt Compression Holding AG’s Annual General Meeting at the Parkarena in Winterthur on July 6, 2019. They approved all of the Board’s proposals. A dividend of CHF 6.00 per share will be distributed. Read more
Burckhardt Compression: renewed growth in both divisions, margin improves May 28, 2019 | Ad hoc Release
The results for the fiscal year 2018 met the overall expectation Burckhardt Compression provided during the course of the year. Order intake rose sharply, sales were slightly above the figure reported for the previous year. Operating income and net income increased but have not yet reached the levels Burckhardt Compression has targeted for the coming years. Read more
Burckhardt Compression signs contracts to equip mega-plants with Hyper and Booster Primary Compressors in China April 24, 2019 | Ad hoc Release
Burckhardt Compression has signed in the last months contracts to equip three production lines for synthetics with Hyper Compressors. Each of these petrochemical mega-plants will have an output of 300 to 400 kilotons per year of LDPE and EVA/LDPE. Read more
Successful Plant Turnaround Project after Sudden Change of Execution Date April 11, 2019 | Europe
Repsol Polímeros in Sines, Portugal, scheduled an overhaul for two Process Gas Compressors (primary) and two F6 Hyper Compressors (secondary). After two years of methodical
preparation together with Burckhardt Compression, the planned turnaround date was suddenly moved forward by more than a month due to an unrelated equipment breakdown at
the plant. Burckhardt Compression rapidly responded to the changing circumstances and carried out the overhaul in a very tight fixed window to the customer’s full satisfaction.
Read more
Burckhardt Compression provides Laby® compressors for LNG carrier with X-DF propulsion system April 10, 2019 | Ad hoc Release
Burckhardt Compression is outfitting a 30,000 m3 LNG carrier operated by Knutsen OAS Shipping AS with Laby® compressors. The Laby® compressors will be delivered to Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wärtsilä Oil & Gas Solutions and will supply the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel. Read more
Change in Board of Directors of Burckhardt Compression February 22, 2019 | Ad hoc Release
Hans Hess, a member of the Board of Directors of Burckhardt Compression Holding AG since 2006, will not be standing for re-election at the Annual General Meeting of July 6, 2019. The Board of Directors will propose the election of David Dean, currently the CEO of Bossard Group, to the Board of Directors. Read more
Rainer Dübi new President Services Division at Burckhardt Compression February 14, 2019 | Ad hoc Release
The Board of Directors of Burckhardt Compression Holding AG has appointed Rainer Dübi to be the new President of the Services Division and a member of the Executive Board. He will assume his new role from Martin Wendel on February 15, 2019. Read more