Sulzer’s essential business keeps imports pumping during COVID-19 pandemic

Coronavirus 375 Industrials - Capital Goods 439 U.S. 4465

Capital goods manufacturer Sulzer has been able to keep most of its factories open during the COVID-19 pandemic as it “is categorized as a provider of essential services”, CEO Grégoire Poux-Guillaume has stated. The firm’s pumping systems are used in the utility industry, though it’s oil sector customers likely face a squeeze during the ongoing oil price downturn. U.S. seaborne imports linked to Sulzer increased by 7.7% year over year in March and by 5.3% in Q1 due to increased shipping from Europe. Similarly, pump imports linked to competitor Grundfos increased by 9.5%. Xylem’s pump shi...

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