View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 22, 2016

Rolls-Royce to invest in azimuth production and service facilities in Finland

UK-based Rolls-Royce is planning to invest £44m in its azimuth thruster production plant in Rauma, Finland.

rOLLS

UK-based Rolls-Royce is planning to invest £44m in its azimuth thruster production plant in Rauma, Finland.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The investment aims to consolidate the company's assembly and test capabilities, as well as modernise operations to enable future growth opportunities.

As part of the new investment, rebuilding of existing facilities, transfer of thruster assembly and testing onto one site from the existing two locations will be carried out.

"Our azimuth thrusters are one of our most important products, providing mission critical power and propulsion."

Scheduled to be completed by 2020, work to transform Rauma will also include installation of a crane that is capable of lifting 200t, and at least six factory acceptance test rigs. Offices and IT systems will also be refurbished, with plans for significant investment in new equipment.

Rolls-Royce marine president Mikael Makinen said: "Our azimuth thrusters are one of our most important products, providing mission critical power and propulsion for some of the largest floating objects on the planet.

"To be able to make this significant investment in Rauma not only prepares us for future growth in this market, but is a vote of confidence in the capability and expertise of our people."

The Rauma site manufactures several mechanical azimuth thrusters for use on various applications, such as semi-submersible drilling rigs, and drillships, tugs, and offshore vessels.

The site also makes thrusters for specialist vessels, such as icebreakers and polar research ships.

Rolls-Royce Finland managing director Olli Rantanen said: "Since the first azimuth thruster was developed here in Rauma over 50 years ago, these products have become the standard choice for customers demanding very high levels of reliability, power and performance often in extremely challenging environments.

"This investment will allow us to plan for the future, and enable us to efficiently produce our existing range and develop new and larger mechanical thrusters."

Azimuthing thrusters are designed to rotate through 360 degrees and provide propulsion and manoeuvrability without a rudder.

Rolls-Royce's Rauma plant has produced ARC type thrusters, which power icebreakers, including the Finnish vessel Fennica.

The ARC type thrusters can weigh up to 190t and help generate 7.5MW of power.


Image: Rolls-Royce will invest £44m in its azimuth thruster production plant in Rauma, Finland. Photo: courtesy of Rolls-Royce plc.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology