Sulzer has to temporarily suspend the activities of its two legal entities in Poland – Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland – due to sanctions levied by the Polish government on its Russian minority shareholder Viktor Vekselberg.
Sulzer’s headquarters in Winterthur, Switzerland.
The Swiss engineering group believes that the sanctions against its two entities in Poland are erroneous and says that Vekselberg has no control or ownership of any Sulzer entity.
The company says it will continue to do everything in its power to petition for a removal from the sanctions list, while fully complying with the sanctions currently levied against Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland.
Sulzer has 192 employees in Poland and the group is continuing to provide support to the families impacted by the local Polish sanctions.
If the suspension were to last, the potential impact on Sulzer’s sales is limited to CHF21 million, which represents 0.6% of the group’s total sales in 2021.
Sulzer is not sanctioned in any other country or legal entity.
