Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
BERLIN (Reuters) – Germany’s second-largest defence group Thyssenkrupp Marine Methods (TKMS) needs to play a number one function in consolidating the German and European shipyard business, its new Chief Government Officer informed German newspaper Welt am Sonntag.
“If the highway to a European big continues to be too tough, a German champion could possibly be shaped first,” Oliver Burkhard was quoted by the newspaper as saying.
Burkhard mentioned a merger, for instance, could possibly be shaped with smaller German rivals Luerssen and German Naval Yards (GNYK).
The corporate has been increase further capability for the reason that German authorities’s announcement of a 100 billion euro particular fund for the army after Russia’s invasion of Ukraine, Burkhard added.
“We’re additionally actively searching for new manufacturing websites. There are a selection of potentialities,” he mentioned, including that the corporate was serious about shopping for elements of cruise ship builder MV Werften, which filed for insolvency in January this yr.
(Reporting by Riham Alkousaa; Modifying by Kirsten Donovan)
