October 26, 2016 1:09 AM ET

Electrical Equipment

Company Overview of MAN Diesel & Turbo SE

Company Overview

MAN Diesel & Turbo SE designs, manufactures, and markets large-bore diesel engines and turbomachinery for marine and stationary applications in Germany and internationally. It offers two-stroke and four-stroke engines, gas turbines, and steam turbines; and marine propulsion systems and turbomachinery units for oil and gas, and process industries. The company also provides marine engines and systems, including low and medium speed engines; and diesel engines, such as single and dual-fuel engines that run on gas and diesel fuel for power generation. In addition, it offers turbomachines that include compressors and expanders, as well as industrial gas and steam turbines for industrial and power...

Stadtbachstrasse 1

Augsburg,  86153


Founded in 1981


49 821 322 0


49 821 322 3382

Key Executives for MAN Diesel & Turbo SE

Chief Executive Officer and Member of Executive Board
Age: 49
Chief Financial Officer and Member of Executive Board
Age: 51
Chairman of Supervisory Board, Chairman of the Executive Board - Man Se and Chief Executive Officer of Man Se Munich
Age: 61
Chief Manufacturing Officer of Engines & Power Plants and Member of Executive Board
Chief Procurement Officer and Member of Executive Board
Age: 57
Compensation as of Fiscal Year 2016.

MAN Diesel & Turbo SE Key Developments

MAN Diesel & Turbo Reports Earnings Results for the First Six Months of 2016

MAN Latin America reported earnings results for the first six months of 2016. For the period, the company recorded an operating profit of €69 million under review and thus an operating return on sales of 4.7%. The year-on-year deterioration in operating profit was primarily due to the decline in sales volumes, significant pressure on margins in the new construction business, and decreased capacity utilization.

MAN Diesel & Turbo and Karpowership Renew Partnership

Karpowership has placed an order for a total of twelve 18V 51/60 engines with a capacity of 18.9 MW per engine with MAN Diesel & Turbo. Six of the engines are to be delivered during the remainder of this year, with a further six at the beginning of 2017. An additional framework agreement sets out the conditions for the acceptance of another 48 units. As with previous orders, the engines will be deployed in the Powership fleet of the Turkish business. For this purpose, ballast transporters, heavy transport ships and barges are converted into floating power stations, under their trademark name 'Powerships'. Apart from the engines, MAN will also deliver the control and automation equipment for the floating power stations, as well as further system and electrical hardware. MAN and Karpowership have been teaching power stations to swim since 2009. Two ships from the fleet with MAN engines are currently in use in Lebanon, stabilising the energy supply of the capital city, Beirut. Since spring 2013, the Karadeniz Powership Fatmagul Sultan has been feeding into the distribution network of the capital city, with a capacity of around 203 MW. It is driven by eleven MAN V51/60 18-cylinder Dual Fuel engines. Karadeniz Powership Orhan Bey is also anchored off Lebanon.

Volkswagen Denies Sale Of RENK And MAN Diesel

Volkswagen AG (XTRA:VOW3) reiterated that its large engines unit was not for sale, after Reuters reported the carmaker had received expressions of interest in the non-core unit since its emissions scandal broke out. "Speculation about the sale of the power engineering division of MAN Diesel & Turbo SE or RENK AG (DB:ZAR) are for sale," the company said.

Recent Private Companies Transactions

January 15, 2016
Primorsk International Shipping Limited

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