Geneva  - Swiss engineering AG on Tuesday reported Tuesday an adjusted decrease of 29.2 per cent in orders received in the first half of 2009, as demand across nearly all key markets fell.

In the six months to July, Sulzer, the world's second largest maker of industrial pumps, received orders for about 1.5 billion Swiss francs ( billion dollars), which in nominal terms represents a 31 per cent decline.

"While the long-term prospects for Sulzer's performance-critical solutions remain positive, the company does not expect a quick recovery in its key markets," Sulzer said in a statement.

"Geographically, all regions will continue to be affected by the economic downturn; however, activities in some emerging markets are likely to remain comparatively stronger."

Sulzer announced last month that it would embark on a global cost reduction program, which would include slashing about 1,400 jobs, mostly in European and American regions.

The company, which is based in the Swiss city of Winterthur, also supplies the chemical and aviation industries, is scheduled to release its full mid-year results on August 24. (dpa)