Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag

“If the road to a European giant is still too difficult, a German champion could be formed first,” Oliver Burkhard was quoted by the newspaper as saying.

Burkhard mentioned a merger, for instance, may very well be fashioned with smaller German rivals Luerssen and German Naval Yards (GNYK).

The firm has been build up extra capability for the reason that German authorities’s announcement of a 100 billion euro particular fund for the army after Russia’s invasion of Ukraine, Burkhard added.

“We are also actively looking for new production sites. There are a number of possibilities,” he mentioned, including that the corporate was considering shopping for components of cruise ship builder MV Werften, which filed for insolvency in January this 12 months.

(Reporting by Riham Alkousaa; Editing by Kirsten Donovan)

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