Cluster: Archive

Sulzer rejects takeover bid

This content was published on Feb 23, 2001 A board shake-up has also been announced, with the current chairman and chief executive, Ueli Roost, leaving the two posts. However, he is to remain chairman of the Sulzer Medica board. The current chief executive of Sulzer Industries, Fred Kindle, is to be appointed CEO of the new Sulzer. The board of directors recommended on…

Record result at Nestlé bodes well for future

This content was published on Feb 23, 2001 Announcing its results on Friday from its headquarters in Vevey on Lake Geneva, Nestlé said net profit had jumped 22 per cent over the previous year to SFr5.763 billion ($3.41 billion). Sales over the 12 months rose by 9.1 per cent to SFr81.422 billion, despite a 1.3 per cent net reduction from divestitures and acquisitions.…

Car show puts “headlights on innovation”

This content was published on Feb 23, 2001 The organisers chose “headlights on innovation” as the theme of this year’s show. Around 700,000 people were attracted to the event in 2000, and as many are expected again this year to get a sneak preview of what could soon be rolling off the assembly lines. Visitors will also be steered toward exhibitions of the…

SAirGroup gives green light to Sabena recapitalisation plan

This content was published on Feb 23, 2001 In accepting the plan, SAirGroup has signalled its readiness to provide Sabena with an urgently needed cash injection of €150 million. In total, the airline needs €250 million (SFr380 million) to stay in the air, with the shortfall being met by the Belgian government. SAirGroup owns 49.5 per cent of Sabena, while the Belgian government…

Swiss urge farmers in developing world to turn organic

This content was published on Feb 22, 2001 Sippo brought together agricultural economists, organic farming specialists, and representatives from the big Swiss retailers such as Migros and Coop to look at the potential for importing more organic food from developing worlds. “The fact is there is just not enough organic produce to go round,” said Markus Stern, director of Sippo, “and we’re not…

National exhibition suffers another financial blow

This content was published on Feb 22, 2001 SAirGroup is pulling out of a SFr6 million ($3.5 million) commitment to one of the projects in Yverdon. A spokesman for the national exhibition described the move as “an insult to Expo 02, the government and the Swiss people”. The spokesman said it was “absolutely scandalous” to be treated in such a manner, as the…

Green group steps up pressure to move freight from road to rail

This content was published on Feb 22, 2001 At a press conference on Thursday, members of the Alpine Initiative criticised the government for easing of weight limits for trucks at the beginning of the year, which has led to an increase in road traffic. The amount of freight carried on the railways has also increased, but still lags far behind road transport. It…

Anything goes on the streets of Lucerne

This content was published on Feb 22, 2001 Throughout the carnival, dissonant brass bands crowd into the narrow alleys of the old town. There’s dancing and plenty of food and drink. Lucerne’s celebration is one of Switzerland’s most traditional, but at the same time, possibly the most anarchic. Fat Thursday is known as the day of honour for brother Fritschi and his kin.…

Railway order to save jobs at ADtranz

This content was published on Feb 22, 2001 The Federal Railways is expected to order 70 Inter City double-deck passenger coaches worth SFr200 million ($118.34 million), according to a report in Thursday’s “Berner Zeitung” newspaper. The jobs had been at risk because of the 1999 decision by ADtranz to close production at its Swiss plants at Pratteln, near Basel, and Oerlikon, near Zurich.…

Engineering exports enjoy strong growth

This content was published on Feb 22, 2001 In a statement on Thursday, the industries’ umbrella organisation, Swissmem, said the “exceptionally positive” performance had been achieved against a background of robust domestic demand and strong world economic growth. It said sales overall had climbed by 11 per cent thanks largely to strong investment spending by customers, particularly in the first half of last…

Cluster: Archive

Popular Stories

Most Discussed

Cluster: Archive

More

Sulzer rejects takeover bid

More

Record result at Nestlé bodes well for future

More

Car show puts “headlights on innovation”

More

SAirGroup gives green light to Sabena recapitalisation plan

More

Swiss urge farmers in developing world to turn organic

More

National exhibition suffers another financial blow

More

Green group steps up pressure to move freight from road to rail

More

Anything goes on the streets of Lucerne

More

Railway order to save jobs at ADtranz

More

Engineering exports enjoy strong growth

Popular Stories

Most Discussed