German defence shipbuilder thyssenkrupp Marine Systems (tkMS) is to take over the shipyard location of MV Werften in Wismar.
Credit: Thyssenkrupp
Thyssenkrupp Marine Systems completed the acquisition of the primary asset of the bankrupt MV Werften shipyard. With this move, one of the most traditional shipbuilding locations in Germany once again has a long-term outlook.
With a view to the future, thyssenkrupp Marine Systems could produce submarines in Wismar during the course of 2024. The main impetus for this is an order for more submarines from the German government and the resulting investments in the upgrading of the shipyard.
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If production ramps up in the course of 2024, some 800 new employees could be hired by thyssenkrupp Marine Systems. Moreover, if additional orders are received in the surface sector, this number could even increase to over 1,500 employees at the Wismar site.
CEO Oliver Burkhard said: “We come to Wismar to give not only Marine Systems, but also the location and the people here, a real perspective. Shipbuilding is where we come from and shipbuilding is where we want to go. And we will do this together with the workforce – and with as many as we can! We are convinced that together we can be successful and that this partnership is good for everyone.
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“With Wismar, we are sending a clear signal: thyssenkrupp Marine Systems is growing and intends to shape the future of this industry. The Wismar site and its employees have now been given the genuine prospect of a bright future."
He further acknowledged that the decision to expand its shipbuilding capacity is a result of strong demand, in part created in response to Russia’s invasion of Ukraine. The company expects that its order book will be full through at least 2030.
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