Business News
Sulzer industrials reports large drop in orders
Oct 19, 2009, 7:16 GMT
Geneva - Swiss industrial engineering and manufacturing company Sulzer reported Monday a 29.1-per-cent drop in its order intake for the first nine months of the year, when adjusted for currency fluctuations.
'The activity levels in most of Sulzer's key markets were clearly below the level of the previous year's period,' the Zurich-based company said in a statement, adding, however, that the order intake level had started to show some stabilization in recent months.
Sulzer said it did not expect a 'quick recovery,' as the economic downturn would continue to affect its key markets. However, it was looking to emerging markets, which were estimated to remain comparatively stronger.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
