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

Contracts

Seasat Wins Contract from Maersk Supply Services

Seasat A/S, the Danish communications services provider, specialized in delivering reliable broadband, television and voice services for the maritime market announces

L-3 MSI to Equip Third Quantum Class Ship

L-3 Marine Systems International (L-3 MSI) announced today that it has been awarded a contract to provide a range of navigation, lighting and communication systems

TORM Contracts Albwardy for Diving Services

Danish product tanker carrier TORM A/S and UAE-based Albwardy Marine Engineering (AME), an Albwardy-Damen JV, have signed a Service Level Agreement for diving services in the UAE region.

Marine Power

MN 100: Twin Disc, Inc.

1328 Racine Street Racine, WI 53403 Telephone: 262 638 4000 Web: www.twindisc.com President and CEO: John H. Batten Number of employees: 990 The Company: Twin Disc designs,

China Orders More MAN Dual-Fuel Units

51/60DF engines to power LNGCs MAN Diesel & Turbo has announced a further order for its MAN 51/60DF engine. After a longer period of evaluation, an international consortium,

First LNG Containership Receives ME-GI Engine

Late last month, NASSCO engineers placed the world’s first dual-fuel slow speed engine into the World’s First Liquefied Natural Gas (LNG) powered containership.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1197 sec (8 req/sec)