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Economic downturn hits Sulzer hard

This content was published on Jan 14, 2010 The company, one of the oldest in Switzerland, said orders were down 24.3 per cent to just over SFr3 billion ($2.94 billion), adding that it did not expect “a quick recovery in its key markets”. A statement said the global downturn had affected the oil and gas and the hydro-carbon processing industries in particular. In…