MAN Diesel Renews Low-Speed Cooperations
MAN Diesel has renewed its low-speed license agreements with its Chinese partners. Furthermore the company, which forms the Diesel engine division of the MAN Group, signed a license agreement for a ten year period with the newly established joint venture CSSC-Mitsui Diesel Co, Ltd, known as CMD. The joint venture is owned by the largest Chinese and Japanese low-speed engine builders, Hudong and Mitsui, with the additional participation of CSSC. The renewal of the CSIC/CSOC – MAN Diesel licence agreement with the engine builders Dalian Marine Diesel and Yichang Marine Diesel took place in Beijing, while the licence agreement with CSSC/CSTC and the engine builders Hudong Heavy Machinery and CSSC-Mitsui (CMD) was signed in Shanghai. The Chairman of MAN Diesel’s Executive Board, Dr.
MAN Diesel Becomes a European Company
The conversion of MAN B&W Diesel AG into a European Company (Societas Europaea, or SE for short) has been successfully concluded. At the same time the company will change its name into MAN Diesel SE, headquartered in Augsburg, Germany. By adopting SE status, the Executive Board intends to make the Diesel Engine Division of the MAN Group an even more international player showing a single face to the customer. At the same time, in order to better organize the working of its committees, the Supervisory Board , which is made up of an international team headed by Håkan Samuelsson, has been reduced from twelve to ten members, The Supervisory Board’s parity structure between the capital and the employee side will remain unchanged.
MAN Diesel Officially a European Company
The conversion of MAN B&W Diesel AG into a European Company (Societas Europaea, or SE for short) was concluded on August 31. At the same time the company will change its name into MAN Diesel SE, headquartered in Augsburg, Germany. By adopting SE status, the Executive Board intends to make the Diesel Engine Division of the MAN Group an even more international player showing a single face to the customer. In order to better organize the working of its committees, the Supervisory Board, which is made up of an international team headed by Håkan Samuelsson, has been reduced from 12 to 10 members, The Supervisory Board’s parity structure between the capital and the employee side will remain unchanged. Employee co-determination will be organised on a cross-border basis in future, too.
