MAN Diesel & Turbo has entered a comprehensive cooperation agreement with Mitsui Engineering & Shipbuilding Co., Ltd. that will intensify their existing, joint business activities.
The agreement states that the two companies have agreed to deepen mutual activities within sales, production, R&D, and engineering, procurement, construction (EPC), with the potential for other business fields to be added in the future. The common goal is to enhance mutual business opportunities in a more timely and effective fashion.
Dr. Uwe Lauber, CEO of MAN Diesel & Turbo, said: “Driven by the global trends of decarbonization and digitalization, 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.”
Mitsui and MAN Diesel & Turbo started they cooperation in 1926, when the companies signed a license agreement for the production and sale of two-stroke, marine, diesel engines. Also, Mitsui’s subsidiary – Burmeister & Wain Scandinavian Contractor (BWSC) has worked closely and successfully with MAN Diesel & Turbo as a supplier of four-stroke engines for custom-designed power plants for many years.
Both companies are engaged globally in the production of various types of rotating machinery, such as compressors and turbines. Mitsui Engineering & Shipbuilding’s products focus primarily on the likes of oil refineries, chemical and petrochemical plants, steel mills.