Sulzer to write down off assets in Russia and Poland

Following เกจอาร์กอน to exit the Russian market and close its Polish businesses, the corporate has decided to write down off most of its assets in the two international locations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impression of CHF125 million–CHF135 million at present international trade charges. CHF125m might be acknowledged within the first half of 2022.
The one-time asset write-offs will have no important impression on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.

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