Japan's Mitsui Engineering & Shipbuilding has signed a comprehensive cooperation agreement with German engine manufacturer MAN Diesel & Turbo to expand its current joint business programmes.
The deal will see both expand their collaborative efforts in the fields of sales, production, and research and development (R&D), as well as various engineering, procurement and construction (EPC) activities.
New opportunities are also expected to be added as part of the arrangement in order to improve mutual business interests between the two companies in a timely and effective manner.
Mitsui Engineering & Shipbuilding president and CEO Takao Tanaka said: “Mitsui Engineering & Shipbuilding and MAN Diesel & Turbo can look back at almost a century of successful cooperation in many fields of business, for example, two and four stroke engines for marine and stationary applications.
“With this agreement, we not only consolidate these cooperative efforts, but we also extend them to include the steam turbine and compressor segment.”
Mitsui Engineering & Shipbuilding and MAN Diesel & Turbo are currently working together in the manufacturing of various types of rotating machineries, including compressors and turbines.
MAN Diesel & Turbo CEO Dr Uwe Lauber said: “Along with the ongoing implementation of our technology in power plants and marine projects, we have also agreed to set a greater focus on our joint R&D efforts.
“Driven by the global trends of decarbonisation and digitalisation, 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.”
The company is mainly engaged in the designing of two-stroke and four-stroke engines for the marine sector and other applications.