Suzhou Schottel Propulsion Co Ltd News

Schottel ended the year 2003 with record sales. With 550 employees worldwide, the company continued the previous year’s trend, achieving sales in the new systems and service sectors totalling 90 million euro (2002: 81 million). Sales for the group were thus increased by 11%, and once again exports accounted for some 80% of the total. The extremely satisfactory volume of incoming orders in the last 12 months, amounting to some 88 million euro, means that 42 million euro of orders are on hand for the year 2004. Of particular significance are the latest worldwide sales successes in the areas of tug propulsion systems, offshore supply vessels, cruise ships, research vessels, ferries and military vessels.