HDW and Fincantieri agree on closer cooperation
In a first spet they will investigate the possibilities for
synergetic cooperation in research and development, design, purchasing,
marketing, sales and production
Howaldtswerke-Deutsche Werft AG (HDW) and Fincantieri Cantieri
Navali Italiani Spa in a memorandum of understanding have agreed
to examine the prospect of closer cooperation. Both shipyards
are aware that this cooperation means a considerable chance of
building up and enforce the joint strength of both groups.
The shipyards believe that in the merchant shipbuilding sector
price pressures and distorsive practices from Far East competitors
require the European shipbuilders to achieve adequate levels of
cost reduction and product differentiation. At the same time,
in the naval shipbuilding sector defence budget restraints for
many countries and growing competition need to be faced with improvements
in costs and technology.
"The cooperation agreement between the two companies is particularly
important for the moment and the field in which it is made"
said Pier Francesco Guarguaglini, CEO of Fincantieri. "Through
this agreement also the shipbuilding industry starts to follow
the path of a European cooperation in both the civil and the military
fields. This is an essential strategic evolution to face the several
challenges committing us daily. This is therefore a highly meaningful
action, and we believe that it will be also appreciated by the
respective ministries of Defence".
"For Fincantieri this agreement follows the recent definition
and start of the 'Horizon' project in cooperation with the French
industry, and confirms our strong propensity towards an international
cooperation and presence," he added.
In a first spet HDW and Fincantieri have decided to establish
working groups. They will analyse the areas of cruise ships, ferries
and other ship types, naval ships and submarines to investigate
the possibilities for synergetic cooperation in research and development,
design, purchasing, marketing and sales and production.
They also will investigate the current trends in the field of
integrated combat ships, in order to identify the opportunities
to improve the overall and long-term competitiveness of Fincantieri
and HDW.
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