Bremer Vulkan Verbund Ag - BVU- Profile

Bremer Vulkan Verbund AG is a diversified shipbuilding group, comprising of four operational divisions: shipbuilding, electronics and systems technology, engineering and machine tools and financial holdings. These divisions are subdivided again into operational sections; shipbuilding into merchant shipbuilding, naval shipbuilding and repairs and conversions; electronics and systems technology into naval technology, systems technology, simulation technology and ship's systems; engineering and machine tools into diesel engine construction, machine tools, port handling technology, environmental technology and water treatment and mechanical engineering components; financial holdings into shipping companies, trading companies, software-holdings and other companies. Currently, the world's most modern diesel engine plant is being built at the company's Rostock location (Baltic Ocean). Here, it will be possible, to test finished engines before they are installed on the ships. In December 1993, Costa Crociere (Italy), the leading European cruise shipping company , allocated a contract for the building of a 600 million DM cruise liner for 2,200 passengers to Bremer Vulkan Verbund AG. The ship has to be completed by July, 1996. In 1994, the company had over 80 subsidiaries worldwide. Shipbuilding accounted for 44% of 1994 revenues; electronics and systems technology, 31%; engineering and machine tools, 22% and financial holdings, 11%.