Sulzer sanctioned in Poland

Sulzer has to temporarily suspend the actions 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 faulty and says that Vekselberg has no control or ownership of any Sulzer entity.
Censored says it’s going to proceed to do everything in its power to petition for a removal from the sanctions record, whereas totally complying with the sanctions at present levied towards Sulzer Pumps Wastewater Poland and Sulzer Turbo Services Poland.
Sulzer has 192 employees in Poland and the group is continuous to provide assist to the families impacted by the native Polish sanctions.
If the suspension had been to last, the potential impression on Sulzer’s gross sales is limited to CHF21 million, which represents zero.6% of the group’s whole sales in 2021.
Sulzer just isn’t sanctioned in some other nation or authorized entity.

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