MHI to License MET Turbocharger Production To STX Metal

(Press Release)
Tuesday, November 29, 2011
(Photo: Mitsubishi Heavy Industries )
Mitsubishi Heavy Industries, Ltd. (MHI) and STX Metal Co., Ltd., a marine diesel engine manufacturer in Korea, have signed an agreement under which MHI will license production and marketing of its MET Turbocharger*, a supercharger for marine diesel engines, to the Korean firm. By establishing a collaborative relationship with STX Metal, MHI aims for further market penetration of the MET Turbocharger in Korea, the world leader in marine diesel engine production. STX Metal is expected to complete production of the first unit of the MET Turbocharger in 2012.
STX Metal is a core company of Korea's STX Group, one of that country's leading business conglomerates. It supplies turbochargers and engine parts to STX Engine Co., Ltd. and STX Heavy Industries Co., Ltd., and employs a staff of about 600. In 2010 the company’s revenue totaled 955 billion Korean won (approx. 66 billion yen / US$850 million). The STX Group ranks fourth in the world in terms of production volume of marine diesel engines.
The agreement with STX Metal represents the third licensing of MET Turbocharger technology to Korea. Previously MHI licensed the technology to Hyundai Heavy Industries Co., Ltd. and Doosan Engine Co., Ltd., respectively the world's largest and second-largest diesel engine manufacturers. With licensing by MHI to the three companies cited, the MET Turbocharger now becomes the world’s frist turbocharger brand licensed to all Korean marine diesel engine manufacturers.
Going forward MHI will continue its quest to capture more than 50% of the world market share by establishing global production structure of MET Turbocharger aggressively. The latest licensing agreement will further accelerate that initiative.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Fraunhofer Researchers Improve Underwater Images

Videos and images of the submarine world are important for the maritime industry. Researchers from Fraunhofer IGD will show how underwater images can be improved

NavStation to Launch at SMM

Touch screen technology has transformed everyday life and now, thanks to Norwegian e-navigation specialist NAVTOR, it is set to revolutionize operations onboard busy vessel bridges.

SENER Announces the FORAN V70R3.0

SENER announces the new FORAN V70R3.0, available from July 31, 2014. With more than 45 years in the market, FORAN takes advantage of SENER´s innovative development

Marine Propulsion

Fuel-saving Modifications for Containerships’ Engines

Mitsui Engineering & Shipbuilding Co., Ltd., and 100% owned subsidiary MES Technoservice Co., Ltd., have received an order from a Taiwan shipowner for fuel-efficiency

MN 100: FloScan Instrument Co., Inc.

3016 NE Blakeley Street Seattle, WA 98105 Telephone: 206 524 6625 / 316 E-mail: joe.dydasco@floscan.com Website: www.floscan.com CEO/President: Chuck Wurster Number

New Bulk Carrier Design Puts Ecoships in the Lotus Position

Ecoships, the technical shipmanagement arm of Newport Shipping Group, has introduced a next generation bulk carrier design, developed to set the standard in ecologically

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Port Authority Salvage 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: 0.1253 sec (8 req/sec)