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Interim management team for shipyards in Wismar and Warnemünde established

According to an agreement between Aker RGI Holding and Kværner ASA an interim management team for Aker MTW Werft (AMTW) in Wismar and Kvaerner Warnow Werft (KWW) in Rostock-Warnemünde has been established. In order to make the two yards even stronger In order to make the two yards even stronger players in the global shipbuilding market, the management team will with immediate effect coordinate the yards’ activities, introduce more effective operational procedures and increase cost efficiency and profitability. The establishment of the interim management team is a further step in the process of combining the two yards into one company. AMTW and KWW will remain as separate legal entities until the final combina-tion takes place. The basis for combining the yards in Wismar and Warnemünde is the intention of Aker RGI and Kvaerner stated in February this year, to merge their respective shipbuilding operations into one group, competitive on the global market. For this purpose the jointly owned management company Aker Kvaerner Yards AS was established in February this year to head the 15 Aker and Kvaerner yards in Norway, Finland, Germany, Romania, the USA and Brazil. The interim management team will present a final proposal for combining the two yards later this year. It is the intention that the interim management team will then become the management of the com-bined yard In past years a close co-operation has existed between the two yards in Wismar and Warnemünde. An order from P&O Nedlloyd for a series of five container vessels of the type WARNOW CV 5500 which was signed in 1998 was jointly carried out by KWW (three vessels) and AMTW (two vessels). After-wards the two yards jointly developed a container vessel with a total container stowage capacity of 7,500 TEU and are now engaged in developing further types of vessels. KWW also built a large section for the cruise vessel AIDAaura which is presently under construction at AMTW. The newly established interim management will be led by Jürgen Kennemann, President & CEO of AMTW, who will assume overall responsibility and the responsibilities for central planning, project management and communications/PR. In addition Peter Viergutz, KWW’s President & CEO, will take over responsibility for production, and Michael vom Baur, KWW’s Senior Vice President Sales & Marketing, together with Anton Roaldset, KWW’s Vice President Procurement, will coordinate the above-mentioned business areas. Responsible persons for finance/control and for design are to be nominated at a later stage. The interim management reports to Leif-Arne Langøy, President & CEO of Aker Kvaerner Yards AS. AMTW and KWW currently have a joint order reserve of one cruise vessel (AIDAaura) and 12 con-tainer vessels, with final delivery at the end of 2003, and have (as per September 1, 2002) 2,503 em-ployees as well as 163 apprentices (AMTW: 1,343 + 88; KWW: 1,160 + 75).