The Limited Times

Now you can see non-English news...

Submarines: Thyssenkrupp expands Kiel shipyard

2019-11-04T11:40:53.023Z


The warship subsidiary of ThyssenKrupp positions itself against the competition. Around 250 million euros are to flow into the Kiel location, and 500 new employees are being sought.



The Thyssenkrupp subsidiary Marine Systems, which builds submarines and other warships, plans to expand the submarine shipyard in Kiel with investments of 250 million euros by 2023. "The goal is to further develop the shipyard site into an international competence center for conventional submarine construction," said company boss Rolf Wirtz. "Our claim is to be Europe's most modern marine company."

Thanks to the good order development, around 500 new employees will be hired throughout the company by the end of 2020, most of them in Kiel. Of the approximately 6,000 employees at Thyssenkrupp Marine Systems, around 2,800 work in Kiel.

Arms exports Germany's business with the war

Schleswig-Holstein's Prime Minister Daniel Günther spoke of a good day for the maritime industry in Schleswig-Holstein. With the planned investments, the Kiel location will become one of the most modern naval shipbuilding yards in Europe. In addition, the future viability of the maritime industry becomes clear.

Submarines for Turkey

Wirtz commented critically on political requirements for exports. Many share "deep concern that continuing discussions over the design of defense spending and arms exports will have a lasting negative impact on groundbreaking naval projects." The industry will continue to need export support from the Federal Government and a uniform European framework.

In 2016, Thyssenkrupp had run out of funds in the biggest arms deal in Australia's history. The Australian government instead ordered the twelve submarines from the French defense company Naval Group.

Turkey is doing better: in 2018, Thyssenkrupp Marine Systems delivered six submarines to the country, according to a report in the Tagesschau newspaper. Arms exports to Turkey are controversial in Germany. Currently, a German arms export ban for Turkey is due to the Turkish military offensive against Kurds in northern Syria. However, this only applies to weapons and other military goods that can be used in the conflict.

Source: spiegel

All business articles on 2019-11-04

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.