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February 06, 2016 8:44 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

Germany

Founded in 1981

Phone:

49 821 322 0

Fax:

49 821 322 3382

Key Executives for MAN Diesel & Turbo SE

Chief Executive Officer and Member of Executive Board
Age: 48
Chief Financial Officer and Member of Executive Board
Age: 50
Chairman of Supervisory Board, Chairman of the Executive Board - Man Se and Chief Executive Officer of Man Se Munich
Age: 60
Chief Manufacturing Officer of Engines & Power Plants and Member of Executive Board
Chief Procurement Officer and Member of Executive Board
Age: 56
Compensation as of Fiscal Year 2015.

MAN Diesel & Turbo SE Key Developments

CSSC Marine Power Co., Ltd. Renews Four-Stroke License Agreement

CSSC Marine Power Co. Ltd. (CMP) renewed its contract with MAN Diesel & Turbo for another 10 years of production of four-stroke medium speed engines. The new agreement marks the renewal and continuation of a cooperation that first started in the 1980s. To date, CMP has delivered 5,000 units of MAN four-stroke diesel engines, equivalent to 4,700,000 kW. CMP also holds a license agreement for two-stroke MAN B&W engines, which it too renewed for a decade at a ceremony in Beijing earlier this year.

Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance

Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. The two companies will build on their experience and cooperation from the successful delivery of the full-scale subsea gas compression system at the Asgard field in Norway. A key objective of the partnership is to develop new, cost-effective technology for high-capacity subsea compression systems. The alliance combines Aker Solutions' capabilities in subsea processing, compression systems, controls, systems and interventions with MAN Diesel & Turbo's turbo machinery technology and its gas compression expertise. The compression systems will be based on proven technology and for use at small subsea fields as well as large deposits such as Asgard. Compressors are used to maintain output as reservoir pressure at gas-producing fields decline. Placing them on the seabed near the wellheads boosts recovery rates, leaves a smaller environmental footprint and is safer to operate than on a platform. Aker Solutions and MAN Diesel & Turbo will provide customers with subsea compression systems based on current solutions as well as develop the next generation in this technology.

MAN Diesel & Turbo Announces Management Changes

The Supervisory Board of MAN Diesel & Turbo appointed Wayne Jones as new Chief Sales Officer. He will take on his new role on January 1, 2016 and succeeds Dr. Uwe Lauber, who had fulfilled a double duty as the company's CSO and CEO in 2015. Working with MAN since 2005, Wayne Jones has been leading the company's Diesel engine After Sales and Service business since 2010. He started his MAN carreer as head of the UK Aftermarket Business before becoming the country's Managing Director still in the same year.

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