Successful Relocation of Oxygen Laby® Compressor of AGA Gas in Sweden Executed by Burckhardt Compression 25th April 2017

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. (more…)

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Deliveries of US Shale Gas to INEOS in UK Cooled by Burckhardt Compression Laby® Compressor Systems 21st March 2017

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. (more…)

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Burckhardt Compression introduces short-time working for part of its workforce in Winterthur 20th February 2017

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. (more…)

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Successful Investor Day at Burckhardt Compression 06th December 2016

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. (more…)

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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 08th November 2016

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. (more…)

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Burckhardt Compression expands its presence in Germany 19th September 2016

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. (more…)

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Market situation forces Burckhardt Compression to adjust capacity 25th August 2016

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. (more…)

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Opening of new assembly facility in Waller, US 10th August 2016

On Tuesday, August 9, 2016, Burckhardt Compression celebrated the grand opening event of its new assembly facility in the US. (more…)

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Fabrice Billard appointed head of the Systems Division 12th July 2016

The Board of Directors of Burckhardt Compression Holding AG has appointed Fabrice Billard as the new President of the Systems Division with a seat on the Executive Board. He will take up this position on October 1, 2016. (more…)

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Annual General Meeting approves all motions of the Board of Directors 01st July 2016

At the Annual General Meeting of Burckhardt Compression Holding AG held on July 1, 2016 at the Parkarena in Winterthur 303 shareholders approved all motions of the Board of Directors. As in the previous year the dividend was set at CHF 10.00 per share. (more…)

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