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. Last Updated: 07/27/2016

Sulzer Ballyhoos Sale

WINTERTHUR, Switzerland () -- Swiss engineering and technology concern Sulzer said it received a Russian order for two multi-phase pumps, which it described as a "break-through" expected to lead to more orders.

It said the order, worth around 1.5 million Swiss francs ($1.1 million), was for a new type of multi-phase pump technology that allows a mixture of oil and gas to be taken from drilling sites and pumped further without requiring separation.

The technology is seen as allowing considerable cost savings, Sulzer said.

It estimated the potential market for such pump technology at "several hundred million Swiss francs."