Tognum makes large investments
2012-2014: Investment of more than one billion euros in plant expansion and R&D
The specialist for propulsion and power solutions Tognum intends to invest more than one billion euros by the end of 2014.
This amount exceeds the volume that Tognum specified in a cornerstone paper together with Daimler AG and Rolls-Royce plc two
years ago. Approximately €600 million of the total investment will flow into each of research and development and long-term
capital expenditure. “We intend to further pursue our growth strategy in the future and are convinced that our strategic
investments will pay off,” stated Joachim Coers, CEO of Tognum AG, at today’s annual press talk in Friedrichshafen.
Tognum will invest approximately €140 million in the expansion of its plants in Europe, America and Asia between 2012 and
2014. One focus of the investment will be on the plants in Friedrichshafen. “We are clearly committed to our site in
Friedrichshafen for research and development, production and assembly,” explained Coers. At Plant 1 in Friedrichshafen, a new
factory is currently being built for the processing of piston rods. For the coming years, a new building is planned there
with an air-conditioned and energy-efficient measuring room, new development test facilities and an energy line to supply the
test facilities with electricity, water and hot water. In total, these planned investments in Friedrichshafen will amount to
approximately €60 million between 2012 and 2014.
The company plans to invest approximately €90 million in the new plant in
Stargard, Poland, until the project is completed. €42 million is to be invested in the plant by 2014; construction is
scheduled to start in autumn this year.
For the plant in Aiken, USA, Tognum will establish new development test facilities in several phases until 2015 for a total
of €40 million. From 2012 until 2014, investments of €21 million are planned. In Aiken, Tognum assembles MTU Series 2000 and
4000 engines. In addition, Tognum started production of major components for those series as well as cylinder heads for the
Series 4000 in 2011. In the same year, a new administrative building was erected in Novi, and a training center and
spare-parts logistics center were built in Greater Detroit.
In Singapore, Tognum is currently constructing a new logistics center similar to the existing logistics centers in Überlingen
and Brownstown. Furthermore, the company plans to move into a new building in Singapore for sales, administration,
development, training and workshop. These investments will total approximately €17 million between 2012 and 2014.
“Our goal is to develop all the relevant sales markets in the core regions of Europe, Asia and America,” stated Tognum’s
Executive Board Member for Technology & Operations, Dr. Ulrich Dohle, on the occasion of the press talk. “In the medium term,
the plant expansion enables us to prepare for the planned volume growth.”
The year 2013 is still subject to considerable uncertainty due to global economic risks. “But we assume that the economic
situation will stabilize in the second half of 2013,” explained CEO Joachim Coers. “On this basis, we anticipate a stable
development of revenue compared with last year. In view of the currently foreseeable less favorable business mix and
volatility during the year, significant efforts will be required to maintain the level of earnings achieved in 2012,” stated
Joachim Coers. “But in the medium term, we continue to see ourselves on a growth path.”
“The market for engines in the lower power range offers great growth opportunities,” reported Executive Board Member for
Sales, Dr. Michael Haidinger, at the press talk. “We are already faced with strong demand for our pre-series engines. When
the new emission legislation comes into force, we will utilize the resulting market dynamism to further enhance our strong
market position.”
Source: Julia Löffelsend
Tognum AG - www.tognum.com
http://www.milestones.mtu-online.com
March 6, 2013
|
PennEnergy
Weekly Video News
. Oil
& Gas Journal: Worldwide more than 100,000 paid subscriptions
Learn
more .
OGJ
Executive Briefs
.PennWell Petroleum Group:
OGJ - Oil & Gas Journal
OGJ_eNewsletter
Offshore Magazine
Offshore eNewsletter
Oil & Gas Financial Journal
Oil, Gas & Petrochem
OGJ Russia
OGJ LatinoAmericana
PennEnergy PennEnergy-eNewsletter
+ + +
For more information, media
kits or
sample copies please contact
wilhelms@pennwell.com
www.sicking.de
|