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

People & Company News

HHI to Deploy 3DEXPERIENCE Design Platform

Hyundai Heavy Industries Selects Marine & Offshore Industry Solution Experiences for Design and Engineering of Offshore Structures Dassault Systèmes,

Huisman Debuts Rope Luffing Knuckle Boom Crane

In order to provide reliable solutions for subsea installation in increasingly deeper water and offshore construction in severe weather conditions, Huisman introduces

Scafi Expands Fleet with Italian Damen Tug

Damen is to construct a new ASD 3212 tug for Scafi, the Italian shipping group that includes a number of international towing companies. The contract cements their

LNG

ABS Approves Design for GTTNA’s LNG Bunker Barge

GTT North America (GTTNA), the Houston-based subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), received approval in principle from ABS for the design of a 2,

ISS to Support Petrobras Expansion

Inchcape Shipping Services (ISS)  has had its port agency and tanker husbandry services contract significantly enlarged by Petrobras.   The Brazilian government-owned energy giant,

Keystone Backers Keep Their Faith In Embattled Pipeline Plan

Six years after applying to build the Keystone XL pipeline, Canada's frustrated oil industry appears steadfast in its support of the plan even though Washington

 
 
Maritime Security Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1389 sec (7 req/sec)