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Norway's TTS Marine ASA wins NOK108m electric winch systems order from Daewoo Shipbuilding & Marine Engineering Co Ltd.

NORDIC BUSINESS REPORT-5 January 2009-Norway's TTS Marine ASA wins NOK108m electric winch systems order from Daewoo Shipbuilding & Marine Engineering Co Ltd(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian marine and offshore systems and equipment provider TTS Marine ASA (OSE:TTS) said on Monday (5 January) that its German subsidiary TTS Kocks GmbH has won a NOK108m winch contract from Daewoo Shipbuilding & Marine Engineering Co Ltd in Korea.

The contract covers delivery of electric winch systems for 16 container vessels.

The winch systems will be delivered in 2010 and 2011.

TTS Marine, headquartered in Bergen, Norway, is an international technology group supplying handling equipment to the marine and offshore industry. The group has 800 employees in 11 countries and reported a turnover of NOK2.45n in 2007.

One British pound (GBP) is worth approximately 9.99 Norwegian kroner (NOK).

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Publication:Nordic Business Report
Date:Jan 5, 2009
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