Sector News

Georg Fischer has several internal candidates for CEO

May 30, 2016
Chemical Value Chain

Machinery, pipes and car-parts maker Georg Fischer is grooming several internal candidates to replace Chief Executive Yves Serra when he turns 65 in two years, the Swiss company’s chairman, Andreas Koopmann, told the weekly SonntagsZeitung.

Serra, also interviewed for the article published on Sunday, told the newspaper the Schaffhausen-based company is considering broadening its range of products to include parts for aircraft.

Expanding in a new sector would require acquisitions, he said, in part to ensure the company meets the aviation industry’s safety standards.

“We can’t start from scratch by developing everything ourselves,” Serra told the newspaper. He did not name potential targets or how much the company may be willing to spend.

Georg Fischer is building a new 100 million-Swiss franc ($100 million) milling machines plant in Biel, Switzerland, that will employ 460 workers, including about 350 from other locations in a move to consolidate its Swiss operations, and about 110 additional employees.

Serra told the newspaper that it was also expanding factories in India, Malaysia and the United States, where it is building a light metal foundry.

Serra said the company also plans to add workers in China, where it now has 23 factories. ($1 = 0.9942 Swiss francs) (

By John Miller

Source: Reuters

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

January 17, 2021

Neste and Avfuel join forces for U.S. sustainable fuel supply 

Chemical Value Chain

Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs) and commercial operators.

January 17, 2021

Borealis and Tomra start up advanced recycling plant in Germany 

Chemical Value Chain

Operation of the plant is a joint enterprise between Borealis, TOMRA and Zimmermann. Borealis is responsible for the plant’s commercial success and contributes its expertise and knowledge in innovation, recycling and compounding.

January 17, 2021

Johnson Matthey appoints Stephen Oxley as Chief Financial Officer

Chemical Value Chain

Johnson Matthey announces that Stephen Oxley will join the company’s board on 1st April 2021 as Chief Financial Officer (CFO).

Send this to a friend