MAN Diesel & Turbo has signed a cooperation agreement with Mitsui Engineering & Shipbuilding Co. Ltd. that will intensify their existing, joint business activities.
The two companies have agreed to deepen mutual activities within sales, production, R&D, an engineering, procurement and construction (EPC), with the potential for other business fields to be added in the future.
The companies are aiming to enhance mutual business opportunities in a more timely and effective fashion.
Takao Tanaka, President & CEO of Mitsui Engineering & Shipbuilding, said: “Mitsui Engineering & Shipbuilding and MAN Diesel & Turbo can look back at almost a century of successful cooperation in many fields of business, for example, two- and four-stroke engines for marine and stationary applications […] With this agreement, we not only consolidate these cooperative efforts, but we also extend them to include the steam turbine and compressor segment.”
Dr Uwe Lauber, CEO of MAN Diesel & Turb, added: “Along with the ongoing implementation of our technology in power plants and marine projects, we have also agreed to set a greater focus on our joint R&D efforts […] Driven by the global trends of decarbonisation and digitalisation, markets are in transition. We want to continue to combine our strengths to offer propulsion and energy solutions that help our customers to tackle tomorrow’s challenges. This will also include working more closely in the field of Floating Production Storage and Offloading systems (FPSO), as well as steam turbines and compressors – mainly for the Japanese market.”
The two companies signed a license agreement for the production and sale of two-stroke, marine, diesel engines back in 1926.
Read the article online at: https://www.tanksterminals.com/storage-tanks/09052017/man-diesel-turbo-expands-collaboration-with-mitsui/