MAN Diesel SE – A New European Company

Tuesday, February 21, 2006
MAN Aktiengesellschaft is intending to convert its Diesel Engines Business Area into a European Company (Societas Europaea) in the course of this year. At the same time, MAN B&W Diesel AG in Augsburg is to be renamed "MAN Diesel SE". "In a European Company we will think and act on an even more international scale, which is absolutely essential in the face of global competition," explained Håkan Samuelsson, Executive Board Chairman of MAN AG, at a press conference in Munich.

A Societas Europaea (SE) is a corporate form under European law. This new legal form will allow for stronger integration of MAN´s international business activities.

The MAN Diesel SE boards will be international bodies. While retaining its parity structure, the supervisory board should in future include members from other European countries in addition to employee representatives from Germany. The SE works council will also be made up of international representatives. The corporate centre for the new MAN Diesel SE will be located in Augsburg.

The MAN B&W Diesel Group is the world´s leading supplier of heavy diesel engines. The company develops two-stroke and four-stroke engines (1,080 to 136,000 HP), turbochargers and marine propellers. MAN´s diesel division employs some 6,700 people in Germany, Denmark, the United Kingdom, France, the Czech Republic and in China. MAN B&W Diesel was formed in 1979 following takeover of the Danish engine manufacturer, Burmeister and Wain (B&W) by MAN. Purchase of a heavy-engine producer in England followed in 2000. The MAN B&W Diesel Group also includes the Czech company, PBS Turbo and a majority holding in the French heavy-diesel manufacturer, S.E.M.T. Pielstick.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Atteridge Retires from Furuno USA

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1,

LNG

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1437 sec (7 req/sec)