Tognum profits from booming Market for Offshore Supply Vessels in Asia

Posted on July 07, 2008

During the current year, Tognum subsidiary MTU Friedrichshafen has been awarded orders with a total volume of more than €10 million by leading shipbuilding yards in South-East Asia.
  • Order Book of more than €10 million during the current year
  • Rising demand: mtu Engines are the Number One Choice for Supply Vessels servicing Drilling Rigs in Asia

Friedrichshafen, 7 July 2008. During the current year, Tognum subsidiary MTU Friedrichshafen has been awarded orders with a total volume of more than €10 million by leading shipbuilding yards in South-East Asia. Orders are predominantly for propulsion systems for Offshore Supply Vessels.

More than 30 engines of the successful Series 2000 and 4000, with a power output range between 750 and 2,000 kW, have already been ordered to meet the increasing demand in supply vessels servicing offshore drilling rigs. Trends point towards increasingly faster, larger and more flexibly deployable vessels that are capable of replacing helicopter transport. mtu propulsion systems are characterized by their extraordinary reliability and excellent performance-to-weight ratio. For ship operators, this means fast and reliable transport of people and goods whilst simultaneously lowering operating expenses.

mtu customers include prominent shipbuilders such as Damen Shipyards Singapore, Penguin Shipyard International, Strategic Marine and NGV Tech from Malaysia.

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Tognum is one of the world’s leading suppliers of high-speed diesel engines and complete propulsion systems for ships and heavy land and rail vehicles, as well as industrial drive systems and decentralized power plants. These business operations are organized in two divisions: Engines and Onsite Energy Systems & Components.

Tognum’s product portfolio includes diesel engines in the power range from 20 to 9,100 kilowatts, gas engine systems, gas turbines and fuel cells, and is one of the most modern and comprehensive in its sector. In addition, the Group develops and manufactures tailored electronic control and monitoring systems for its engines and propulsion systems.

Sales of the Tognum Group amounted to more than €2.8 billion in 2007. At the end of 2007, the Group employed approximately 8,200 personnel worldwide. It maintains a global sales and distribution network including 23 consolidated subsidiaries, more than 130 distribution partners and 1,100 authorized dealers.

Disclaimer regarding forward-looking statements et al.:

This report also contains forward-looking statements based on assumptions and estimates of Tognum’s Executive Board of Management. Although we assume that our assumptions and estimates on which we have based these forward-looking statements are realistic, we cannot guarantee that they will in the future prove to be correct. The assumptions and estimates, by their nature, may harbour risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business envi¬ronment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services and changes in corporate strategy. Tognum does not undertake any obligation to update, to review or to confirm the forward-looking statements or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this announcement.
Wolfgang Boller Spokesman Regional and Business Media
+49 7541 90 2159