Sulzer expands petrochemical process capability with purchase of GTC Technology
With the purchase of US specialist GTC Technology, Sulzer has expanded its petrochemical process capability.
Through the acquisition, Sulzer will gain a range of licensed technologies and additional engineering resources, adding to its existing experience in process plant design, construction and commissioning.
Adding to Sulzer Chemtech’s capacity to design and deliver a range of offerings from refinery column internals to bioplastic production plants, the new business expands the company’s capability into a wider territory.
“GTC Technology has successfully applied its process technologies to complete many significant projects,” said Daniel Rytz, global head strategy & business development at Sulzer Chemtech. “We believe that together we could massively increase the business in three to five years.” explains.
“The entire staff at GTC is very excited about becoming part of Sulzer’s team and the opportunities that a larger provider of separation equipment offers,” added Chuck Fink, manager of corporate communications at GTC Technology. “Our customers will certainly benefit from the synergy between our businesses, a greater depth of resources and a more comprehensive offering.”
GTC customers will now be able to benefit from Sulzer’s global network of facilities for designing, manufacturing, testing, maintaining and repairing mass transfer components, while Sulzer has gained a foothold in South Korea, where GTC has an established manufacturing centre.
“Based on a year-long discussion with GTC prior to the purchase, I could clearly see the signs of strong chemistry and compatibility between the companies,” concluded Rytz. “Our ways of thinking and views on future development are similar and well-aligned. These contribute to the creation of a motivational working environment that nurtures new ideas and ensures continuous improvement of our solutions.”
Through the acquisition, Sulzer will gain a range of licensed technologies and additional engineering resources, adding to its existing experience in process plant design, construction and commissioning.
Adding to Sulzer Chemtech’s capacity to design and deliver a range of offerings from refinery column internals to bioplastic production plants, the new business expands the company’s capability into a wider territory.
“GTC Technology has successfully applied its process technologies to complete many significant projects,” said Daniel Rytz, global head strategy & business development at Sulzer Chemtech. “We believe that together we could massively increase the business in three to five years.” explains.
“The entire staff at GTC is very excited about becoming part of Sulzer’s team and the opportunities that a larger provider of separation equipment offers,” added Chuck Fink, manager of corporate communications at GTC Technology. “Our customers will certainly benefit from the synergy between our businesses, a greater depth of resources and a more comprehensive offering.”
GTC customers will now be able to benefit from Sulzer’s global network of facilities for designing, manufacturing, testing, maintaining and repairing mass transfer components, while Sulzer has gained a foothold in South Korea, where GTC has an established manufacturing centre.
“Based on a year-long discussion with GTC prior to the purchase, I could clearly see the signs of strong chemistry and compatibility between the companies,” concluded Rytz. “Our ways of thinking and views on future development are similar and well-aligned. These contribute to the creation of a motivational working environment that nurtures new ideas and ensures continuous improvement of our solutions.”
