The Triton

Uncategorized

Tognum invests in expansion and development

ADVERTISEMENT

Germany-based Tognum AG intends to invest more than 1 billion euros by the end of 2014. About 600 million euros will go each into 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,” Joachim Coers, CEO of Tognum AG, said at the copmpany’s annual press talk recently.

Tognum will invest about 140 million euros in the expansion of its plants in Europe, America and Asia. For the plant in South Carolina where Tognum assembles MTU Series 2000 and 4000 engines, the company will establish new development test facilities in several phases until 2015 for a total of 40 million euros.

The company’s annual report can be downloaded from www.tognum.com in the “investors” area.

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Triton Expo is Oct. 12

Mid-October is time for The Triton’s biggest event of the year, our fall Triton Expo. This year, we’ve gathered about 50 businesses to …

Women just do their jobs in yachting; rooming, agencies and hiring could improve

Women just do their jobs in yachting; rooming, agencies and hiring could improve

When we decided to gather a group of women for a Triton From the Bridge lunch, it sounded like a great idea, but as soon as we all sat …

Doors, power, access surprise firefighters and crew in yacht training

Doors, power, access surprise firefighters and crew in yacht training

As part of the fire team on M/Y Archimedes, Bosun Max Haynes knows how to fight fire onboard the 222-foot (68m) Feadship. But he was …

Crew Unlimited and ICT in Ft. Lauderdale join with Bluewater in Europe

Crew Unlimited and ICT in Ft. Lauderdale join with Bluewater in Europe

Crew, employees, industry expect opportunities as European and U.S. companies partner to expand yacht crew training, …

Events