Labroy Shipbuilding Engineering Pte Ltd News

Schottel Reports Successful Year

The propulsion specialist SCHOTTEL, with headquarters in Spay/Rhine, remains on course for success, rounding off the year 2004 with another sales record. The corporate goal of 100 million euro in group sales for the new building and service sectors was achieved (2003: 90 million euro). Exports accounted again for about 80 percent. Of particular significance are the latest worldwide sales successes in the areas of tug propulsion systems, offshore supply vessels and tankers, research vessels, ferries and military vessels. More and more SCHOTTEL propulsion and manoeuvring systems are also being successfully implemented in the megayacht sector. Also contributing to the good overall results is our Service department, with a large number of conversions and modernizations of existing systems.