| Burckhardt Compression has entered into a memorandum of understanding to acquire the remaining 40% of Shenyang Yuanda Compressor | September 14, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression has entered into a memorandum of understanding to acquire the remaining 40% of Shenyang Yuanda Compressor. Burckhardt Compression initially purchased a 60% interest in Shenyang Yuanda Compressor, a Chinese compressor manufacturer based in Shenyang, in March of 2016 and both companies have collaborated closely in the meantime. To finance the acquisition, Burckhardt Compression plans to issue a bond in the Swiss capital market. | Read more |
| Annual General Meeting passes all proposals of Board of Directors | July 03, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Today's Annual General Meeting of Burckhardt Compression Holding AG took place without the physical presence of shareholders, in accordance with article 6b of the Swiss Federal Council's ordinance 2 on measures to combat the coronavirus (COVID-19 Ordinance 2). Shareholders could only exercise their voting rights through the independent proxy. All proposals of the Board of Directors were passed. Ton Büchner was elected as the new chairman of the Board of Directors. The proposed dividend of CHF 6.00 per share was approved. | Read more |
| Burckhardt Compression: Higher sales – higher profit – lower order intake | June 02, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| The full-year results for 2019 of Burckhardt Compression are largely in line with the guidance the company gave during the presentation of the half-year report. Incoming orders did not match the record-high figure from the previous fiscal year. Sales were in line with expectations. Operating and net income showed another improvement, but are still not yet at the levels Burckhardt Compression has targeted in the Mid-Range Plan. | Read more |
| Acquisition of global compressor business from The Japan Steel Works completed | April 21, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression completed the acquisition of the global compressor business from The Japan Steel Works Ltd., abbreviated JSW, as announced on March 4, 2020. JSW is a highly diversified manufacturer of steel, power-plant equipment and industrial machinery. | Read more |
| Coronavirus | March 24, 2020 | News |
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It is our goal to serve our customers best possible, even in this demanding situation. Most of our Sales, Engineering, Procurement and Customer Support Teams are working remotely and are doing their best to continue to provide quotations, take orders and collaborating with our customers to serve their specific needs. Most of our workshops are running and our heroes in the workshops are working on site day-by-day under the given constraints and safety restrictions provided by the Federal Office of Public Health FOPH. We will continue to work closely with our customers and business partners and give frequent updates on the current situation. We are doing everything possible to mitigate the effects to our customers and business partners. |
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| Overhaul of Four Vertical Process Gas Compressors – Giving them a new Lease on Life | March 17, 2020 | News |
| A chlorine plant with four identical vertical Process Gas Compressors encountered some problems due to the low reliability of the over 25 year-old compressors. The plant opera-tor turned to Burckhardt Compression for a complete overhaul of all four compressors, which was performed at one of our state-of-the-art Service Centers. After the successful overhaul project, a preventive maintenance schedule was established and implemented together with the customer. | Read more |
| Burckhardt Compression purchases global compressor business from The Japan Steel Works | March 04, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression is strengthening its market presence and acquiring the global compressor business from The Japan Steel Works Ltd., abbreviated JSW. JSW is a highly diversified manufacturer of steel, power-plant equipment and industrial machinery and generated overall sales of CHF 1.9 billion in 2018. Approximately 1-2% of the overall sales is estimated to be generated in the compressor business. | Read more |
| Compressor Revamp to guarantee its proper Functioning | February 28, 2020 | Success Story |
| The Indian Oil Corp. Ltd. in Haldia, India, had problems with two of its compressors. Without any major overhauls, the two 27-year-old compressors – one operational, the other in standby – were prone to malfunction because of its damaged piston rings, valve plates and springs. Burckhardt Compression revamped the compressor – which included modifying the existing piston and piston rings – to bring it back to proper functionality. | Read more |
| Burckhardt Compression Awarded Long-term Service Agreement for 9 LNG Carriers | February 24, 2020 | News |
| Burckhardt Compression and an emerging leader in the Liquefied Natural Gas (LNG) shipping industry signed a five-year service agreement covering nine LNG carriers with Laby®-GI Compressors onboard. Building on their close and long-term partnership, the two companies jointly developed a lifecycle concept based on the operational experience gained in the field. | Read more |
| Burckhardt Compression signs an agreement with GRZ for the joint development of new hydrogen compression technology | February 19, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Burckhardt Compression is cooperating with GRZ Technologies, a spin-off of Laboratory of Materials for Renewable Energy from EPFL Lausanne, Switzerland, to develop a new hydrogen compression technology. It will be deployed in hydrogen fuel stations, hydrogen energy storage systems and other applications and will make use of thermal active metal hydrides. Hydrogen is a promising energy carrier that offers carbon-neutral energy for industry and mobility. | Read more |
| Repair of Connecting Rod and Modificaton of Crosshead | February 11, 2020 | Success Story |
| The Indian Oil Corp. Ltd. (IOCL) in Mathura, India, repeatedly struggled with its compressor, which often failed. Complications arose when the third-stage pin and the small end bush seized up three times, preventing IOCL from restarting the compressor. These circumstances forced them to operate the plant without a standby compressor. IOCL turned to Burckhardt Compression to solve the problem. As a part of the troubleshooting, repair and modification of the components were carried out. Since then, the compressor has operated properly without any issues. | Read more |
| Board of Directors nominates Ton Büchner as new Chairman of Burckhardt Compression’s Board of Directors | January 29, 2020 | Ad hoc announcement pursuant to Art. 53 LR |
| Ton Büchner will be nominated by the Board of Directors for election to the Board of Directors and as its new Chairman at the Annual General Meeting on July 3, 2020. Valentin Vogt, the current Chairman of the Board of Directors who has served as a director for 18 years, 9 of which as chairman, will not stand for re-election at the pending Annual General Meeting. | Read more |