Wärtsilä Sells High Speed Engine Rights to Dresser

Tuesday, August 31, 2004
Wärtsilä has sold the product rights of the high-speed Wärtsilä 200 and 220 product family to Dresser Inc. Waukesha business unit in the USA. Wärtsilä will continue to provide service for the engine base as before. This transaction does not include transfer of personnel.

Wärtsilä is also negotiating the transfer of its production in Mulhouse, France, to another company. That company would then take on part of the factory's personnel. Wärtsilä's production in Mulhouse ceases at the end of 2004. The Mulhouse unit has a current workforce of approximately 450. Wärtsilä France will henceforth concentrate on service.

This transaction is part of Wärtsilä's ongoing restructuring programme and the company's aim to focus on its strong products. The main products in Wärtsilä's engine portfolio are medium-speed and low-speed engines. Wärtsilä entered a EUR 130 million restructuring provision in its 2003 accounts. The measures described above for their part confirm the sufficiency of this provision.

Waukesha Engine, a business unit of the American company Dresser Inc., is a leading supplier to the gas industry. Dresser Inc.'s net sales in 2003 totalled 1.7 billion US dollars and the group has 7 500 employees.

Wärtsilä is The Ship Power Supplier for builders, owners and operators of vessels and offshore installations.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


GTT Inks Framework Partnership Deal with CERN

GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has signed a Framework Partnership Agreement

SBM Offshore Says Petrobras Discussions Ongoing

Floating production services provider SBM Offshore responded to media reports of a potential settlement with Petrobras regarding tenders in Brazil, stating the

Two RAscal 1500 Tugs Delivered

Sanmar Shipyard of Turkey has recently completed two RAscal 1500 tugs for Jordanian owners. The tugs are now delivering marine services to the FSRU berthing

Marine Power

d'Amico Launches Two Tankers in Vietnam

d'Amico International Shipping S.A. has launched two eco-ships at the shipyards of Hyundai Vinashin Shipyard Co. Ltd – Vietnam, bringing the fleet to more than 50 units.

MARAD Backs Emissions Reduction Projects

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced it will provide more than $1 million to support the development of two new emission-reducing maritime solutions.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.

Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.2203 sec (5 req/sec)