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Thyssenkrupp Ag News

02 Oct 2023

Thyssenkrupp, Wilhelmsen Create 3D Printing Firm of Maritime & Offshore Sectors

CCO Håkon Ellekjær demonstrating a 3D printed spare part at the launch of Pelagus in Singapore last Friday.

Wilhelmsen and Thyssenkrupp announced on September 29 their joint venture company, Pelagus 3D, marking the entry of a new player into global maritime and offshore services market."Pelagus 3D envisions to be the largest one-stop, on-demand digital manufacturing partner for the maritime and offshore industries. It uses Additive Manufacturing (AM) or 3D printing to deliver maritime spare parts more efficiently in terms of time and cost, allowing customers to ensure their vessels’ seaworthiness and keep their operations moving on schedule…

05 Mar 2020

Brazil Orders Four Naval Frigates

(File photo: Thyssenkrupp)

A consortium formed by Germany’s Thyssenkrupp AG and Brazilian planemaker Embraer SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.The companies did not disclose the price tag. The Brazilian navy website said the four-ship program will cost about $2 billion.Last year…

20 Aug 2019

ThyssenKrupp Expands EU Logistics Network

German industrial group thyssenkrupp AG. Materials Services  is investing around 70 million euros in the modernization and expansion of its European warehousing and logistics network.A state-of-the-art logistics center and new warehouses are to be built in Germany, Poland and Hungary, said thyssenkrupp Materials Services.The distribution and service provider of the thyssenkrupp Group said that the investments are an important part of thyssenkrupp Materials Services’ strategy. Under its “Materials as a Service” approach, the western world’s biggest materials distributor is focusing on expanding its portfolio of services supplementing its core business.“Expanding and modernizing our capacities are important elements of our growth…

11 Feb 2019

Naval Group inks $36B Submarine Contract

© marko okjan/AdobeStock

Australia signed a production contract with French shipbuilder Naval Group for a fleet of 12 new submarines, worth $35.5 billion, ending a two-year wrangle that cast doubt over one of the world's most lucrative defense deals.Australia selected the French builder as its preferred bidder for the fleet of submarines in 2016 ahead of other offers from Japan and Germany.However, final contracts were delayed amid domestic media reports of cost blowouts and production delays.Australia and Naval Group signed a Strategic Partnering Agreement…

26 Sep 2018

thyssenkrupp to Overhaul Indian Navy Submarine

(File photo: Indian Navy)

German manufacturer thyssenkrupp has been awarded a 410 Crore contract with Mazagon Docks Shipbuilders Limited (MDL) to refit the Indian Navy’s Shishumar-class non-nuclear submarine, INS Shishumar. The Medium Refit and Life Certification (MRLC) contract for the submarine will commence in October this year and is expected to be completed by 2021. The upgrade will extend the operational life of the submarine by at least 10 years.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems…

13 Aug 2016

Vivek Bhatia New CEO of Thyssenkrupp AsiaPac

Vivek Bhatia (38) will become the new CEO of thyssenkrupp Asia Pacific effective October 1, 2016. He succeeds Dr. Stefan Schmitt (40), who will move to thyssenkrupp AG as Head of Human Resources Strategy effective October 1. Vivek Bhatia has been Head of Strategy, Markets and Development at the Regional Headquarters in Singapore since May 2014, prior to which, as part of the Boston Consulting Group for several years, he advised industrial businesses on their strategy and operations, in markets across the world and as part of Engineers India Ltd. gained extensive experience in the Oil & Gas Industry. The Asia Pacific region includes several important growth markets for thyssenkrupp: large…

02 May 2016

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the French contractor who said last week the deal would create jobs in France. Valls stopped off in Australia while headed to New Zealand for a scheduled visit, just days after Prime Minister Malcolm Turnbull said France had beaten out Japan and Germany for the A$50 billion ($38 billion) contract. Valls said he would personally oversee the drafting of the contract, one of the world's biggest defence deals, between France's state-owned naval contractor DCNS Group and Australia over the next few months. "We would like to conclude as soon as possible this contract," Valls told reporters through an interpreter after meeting Turnbull.

26 Apr 2016

France sinks Japanese, German Sub Bids

Fleet of 12 submarines to be built in South Australia; decision has political implications at home, abroad. France has beaten Japan and Germany to win a A$50 billion ($40 billion) deal to build a fleet of 12 submarines for Australia, one of the world's most lucrative defence contracts, Australian Prime Minister Malcolm Turnbull announced on Tuesday. The victory for state-owned naval contractor DCNS Group underscored France's strengths in developing a compelling military-industrial bid, and is a blow for Japanese Prime Minister Shinzo Abe's push to develop defence export capabilities as part of a more muscular security agenda. Reuters earlier reported that DCNS would be announced as the winner, citing sources with knowledge of the process.

19 Apr 2016

Submarine Bidders Step up Lobbying for Australia Tender

Japan's advanced attack Soryu submarine carried out drills with Australia's navy on Tuesday as a German company launched a campaign to advertise its expertise - as a race for a A$50 billion contract to build Australia's next submarine fleet neared a climax. Industry sources told Reuters the Australian government is speeding up its decision on the contract - France is the other major bidder - with a winner now expected to be announced by the end of the month. Australia intends to buy 12 new submarines, a centrepiece of its defence strategy unveiled in February, which called for an increase in military spending of nearly A$30 billion over the next 10 years to protect strategic and trade interests in the Asia-Pacific.

02 Oct 2015

Thyssen Taps Anil Group for Sub Bid

Diversified German conglomerate ThyssenKrupp AG has initiated talks to partner Anil Ambani-led ADAG in building up to 12 submarines in a contract expected to be worth Rs50,000 crore ($7.6 billion), reports PTI. ThyssenKrupp, the Germany-based 41-billion euro company, is one of the aspirants and is banking on positive government-to-government talks when German Chancellor Angela Merkel visits India later this month. "We are at early stage (of talks). All I can say is we have the right product to make in India. This is our offer to India and also let's say our customer," said Oliver Burkhard, executive board member and the person responsible the India region at the company. "We have the right kind of products and we are ready to make them in India," he added.

09 Jul 2015

Australia Senator Pushes Aussie Sub Parts on Japan

An influential Australian senator has asked Japan to buy components for its Soryu submarines from Australian companies to boost its chances of winning a major contract to supply Canberra with a fleet of submarines. Independent South Australian Senator Nick Xenophon made the request to submarine builders Kawasaki Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd as well as government officials in a series of meetings in Japan this week. "What could be a game changer in their bid and in the relationship between the two countries in terms of defence cooperation is for components to be built in Australia," Xenophon said during an interview in Tokyo on Thursday.

27 Sep 2011

ThyssenKrupp In Talks With Star Capital on Blohm + Voss

According to a report from the Dow Jones Newswires, German industrial conglomerate ThyssenKrupp AG (TKA.XE) is in exclusive talks to sell large parts of its Blohm + Voss shipbuilding business to U.K. private equity fund Star Capital Partners. Source: Dow Jones Newswires

18 Oct 2009

ThyssenKrupp, Abu Dhabi MAR Venture

According to an Oct. 15 Bloomberg report, ThyssenKrupp AG’s Marine Systems unit and Abu Dhabi MAR Group plan to set up a long-term partnership and a 50/50 joint venture, Abu Dhabi MAR said in an e-mailed statement. (Source: Bloomberg)

29 Sep 2009

ThyssenKrupp Sells Shipyards to SIAG Schaaf

According to a Sept 29 report from Reuters, ThyssenKrupp AG (TKAG.DE) is selling part of its civil shipyards as the economic downturn hits shipbuilders around the world. German trade union IG Metall said late on Monday ThyssenKrupp is selling the Emden shipyards on the North Sea coast to SIAG Schaaf Industrie AG. (Source: Reuters)

16 Sep 2009

ThyssenKrupp to Exit Civilian Shipbuilding

According to a Sept. 14 Bloomber report, ThyssenKrupp AG, Germany’s largest steelmaker, wants to dispose of parts of its unprofitable, non- military shipbuilding units, Financial Times Deutschland reported, citing unidentified people at the company. (Source: Bloomberg)

06 Feb 2001

Japanese Steelmakers Eye Consolidation

Japan's second-largest steelmaker, NKK Corp agreed with two other Japanese firms to consider future integration of their steel plant operations in a bid to combat severe competition. The alliance with heavy electric machinery maker Sumitomo Heavy Industries Ltd. and heavy machinery maker Hitachi Zosen Corp. was prompted partly by the emergence of giant overseas rivals, the three companies said. As the first step of the alliance, the companies will set up a joint venture in March, capitalized at $1.74 million, for sales of a variety of heavy machines used in the steel-making process to the domestic and overseas markets. The new company, which plans to launch operations in April, will be owned 34 percent by NKK, 33 percent by Sumitomo Heavy and 33 percent by Hitachi Zosen.

28 Aug 2001

ThyssenKrupp To Selling Shipping Unit

ThyssenKrupp AG will reportedly gain more than $350 million from the sale of its Krupp Seeschiffahrt shipping unit. The unit, which has annual turnover of about $200 million, will be sold to General Ore Intl., which is a U.S. based company. - (Reuters)

15 Jun 1999

ThyssenKrupp Says No Rush To Sell Shipyards

ThyssenKrupp AG reportedly intends to hold onto its profitable shipyard business until a buyer was prepared to pay what the group wanted for it.