July 24, 2019 / 6:38 AM / a month ago

Sulzer CEO sees oil and gas investment continuing next year

ZURICH, July 24 (Reuters) - Sulzer expects big investments by oil and gas companies to continue next year with positive effects for the Swiss pump maker's sales and profits, Chief Executive Greg Poux-Guillaume told Reuters.

"People have this doom and gloom mentality currently, but in oil and gas we are still at the beginning of the investment cycle," Poux-Guillaume said.

"We see healthy markets in oil and gas this year and next year," the executive said after Sulzer lifted its full-year sales and order guidance on Wednesday. (Reporting by John Revill)

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