Push off, Poles

Article Abstract:

A Polish shipyard called Gdynia may buy two shipyards in Finland. Gdynia has been revitalized by Janusz Szlanta, the company's chief executive, who was able to obtain working capital through his connections. Gdynia has been able to build ships more rapidly and produce larger ships. The acquisition of two shipyards from Kvaerner in Finland would allow the company to enter the passenger ship market, but the Finnish government prefers a local buyer for the yards.

Mergers, acquisitions and divestments, Gdynia

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Nasty numbers

Article Abstract:

Anglo-French engineering group Alstom is struggling, with large liabilities and a slumping share price. Alstom's problems, which result largely from its use of vendor financing and customer prepayments, came to a head following the collapse of Renaissance, for whom Alstom had built eight cruise ships.

Engineering Services, Transportation Equipment Manufacturing, Turbines and turbine generator sets, Turbine and Turbine Generator Set Units Manufacturing, Gas Turbines (ex Aircraft), TRANSPORTATION EQUIPMENT, Transport Equipment, Engineering firms, Transportation equipment industry, Alstom S.A., Turbine industry, Gas turbines

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Cruising ahead: Italian shipbuilding

Article Abstract:

Italian state-owned Fincantieri's cruise-ship has become quite profitable due to innovative technology, flexible outsourcing and a devalued lira. However, the firm has several unprofitable sectors, which CEO Corrado Antonini should divest, instead of complaining about Asian competition.

Passenger Liners Construction, Italy, Passenger vessels, Fincantieri - Cantieri Navali Italiani S.p.A.

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