A brand of Thyssenkrupp AG is pictured on the firm’s headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/File Photograph
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BERLIN, Might 14 (Reuters) – Germany’s second-largest defence group Thyssenkrupp Marine Methods (TKMS) (TKAG.DE) needs to play a number one position in consolidating the German and European shipyard business, its new Chief Government Officer instructed German newspaper Welt am Sonntag.
“If the highway to a European large remains to be too troublesome, a German champion might be shaped first,” Oliver Burkhard was quoted by the newspaper as saying.
Burkhard mentioned a merger, for instance, might be shaped with smaller German rivals Luerssen and German Naval Yards (GNYK).
The corporate has been increase further capability for the reason that German authorities’s announcement of a 100 billion euro particular fund for the navy after Russia’s invasion of Ukraine, Burkhard added.
“We’re additionally actively in search of new manufacturing websites. There are a variety of prospects,” he mentioned, including that the corporate was all for shopping for elements of cruise ship builder MV Werften, which filed for insolvency in January this yr.
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Reporting by Riham Alkousaa; Enhancing by Kirsten Donovan
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