NWI - Naval Warfare

TKMS invests in future construction

6th November 2019 - 10:30 GMT | by The Shephard News Team

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Thyssen Krupp Marine Systems (TKMS), Germany’s third-largest defence company and a market leader in conventional submarines, announced on 4 November that it will be investing €250 million ($277 million) in Kiel.

The company said that the objective is to develop its current shipyard into an international competence centre for conventional submarine construction. The company is making the bet on investing in the facilities on the back of a strong order book.

TKMS said that around 500 new employees will be hired throughout the company by the end of 2020, the majority of them in Kiel.

The company is looking primarily for engineers and skilled workers, particularly in R&D, construction and manufacturing. TKMS said that it can offer the entire range of naval shipbuilding services from a single source: submarines, surface vessels and naval electronics.Among the investments will be a new shipbuilding hall for large-scale section production, a second outfitting line, a new stage system, a modernised service hall and a shiplift.

Rolf Wirtz, CEO of Thyssen Krupp Marine Systems said: ‘Our ambition is to be Europe’s most modern naval company. By making major investments, we are preparing our operations for the future. This comprehensive modernisation programme will strengthen the importance of our company as one of the most important employers in the region. Our recent successes show that there is strong demand for our products and services. We want to further strengthen this position.’

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