Industry News

Sulzer Metco Acquires SP Technicord, a Russian Producer of Thermal Spray Materials for Coatings

Published on 2012-12-24. Author : SpecialChem

Sulzer Metco has announced the completion of the acquisition of Russian company, Protective Coatings LLC, formerly SP Technicord LLC. With this acquisition, Sulzer Metco expands its geographical and technology presence, and will benefit from long-term growth trends in selective Russian industrial markets.

The acquired company, located in the Moscow region, employs a well-experienced team recognized as local specialists in manufacturing of materials for thermal spray and hard surfacing applications. In addition, they offer innovative solutions for new materials and equipment as well as coating services.

"With this acquisition," said Cesar Montenegro, President of Sulzer Metco, "we take a further step towards the implementation of our strategy to strengthen our position in emerging markets. Russia offers substantial growth potential for Sulzer, particularly in oil and gas, power generation, transportation and general industry. Our surface technology solutions in general and the thermal spray processes in particular have proven successful in these markets." "Through this acquisition we establish a local presence and the foundation to build up Sulzer Metco Russia to provide direct sales and services to customers in Russia," added Howard Lang, Executive Vice President Sales and Marketing.

About Sulzer

Sulzer Metco enhances surfaces with coating solutions and equipment. Customers benefit from a uniquely broad range of surface technologies, coating solutions, equipment, materials, services, and specialized machining services and components. The innovative solutions improve performance and increase efficiency and reliability. Sulzer Metco serves industries such as power generation, aviation, automotive, and other specialized markets.

Forward looking statements

This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.

Source: Sulzer

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