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

Contracts

ME Production Receives Two Scrubber Orders

ME Production subsidiary Marine Exhaust Technology has been awarded a new contract for the DFDS vessel Finlandia sailing on the route Rosyth-Zeebrugge. The scrubber contract includes design,

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

CMA CGM-led Consortium Win Box Terminal Bid

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government,

Marine Power

The Hour of Power

Hybrid Marine Technology and Green Ports In 2015 two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power.

HMAS Canberra Initial Operational Capability

The Royal Australian Navy’s Amphibious Ship, HMAS Canberra, has completed a graduated operational test and trials program to achieve a key milestone towards Initial Operating Capability.

Hitachi Gas Supply System Order for MHI

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.4815 sec (2 req/sec)