Fairbanks Morse and MAN Diesel & Turbo to Launch Gas Engine Sales Initiative in the U.S.
Strategic Cooperation Agreement Targets U.S. Power Market
BELOIT, Wis.--(BUSINESS WIRE)--Engine producers Fairbanks Morse, an EnPro Industries company (NYSE: NPO), and MAN Diesel & Turbo have finalized a strategic agreement to cooperate in the U.S. power market for gas and dual-fuel engines. The companies agreed on an exclusive cooperation in the power sector for a fixed period of five years. The document was signed by President of Fairbanks Morse, Marvin Riley and Senior Vice President Power Plants, Howard Barnes at MAN Diesel & Turbo during a ceremony in Augsburg, Germany on June 26, 2014.
“The United States is a significant market and offers tremendous growth potential for gas-fired power generation”
“The United States is a significant market and offers tremendous growth potential for gas-fired power generation,” said Howard Barnes. “With an installed base of over 1,000 MW, Fairbanks Morse is a well-established player in this market. Working together, we can offer efficient solutions for energy facilities of virtually any size. And two premium engine brands joining forces will certainly leave an impression.”
“The MAN brand has an excellent reputation in the United States,” said Marvin Riley. “With access to MAN Diesel & Turbo’s portfolio of gas and dual-fuel engines, we can offer units up to nearly 20 MW and expand our range of high quality and flexible power generation solutions. This opens up substantial additional segments in the power generation market for us at a time when distributed energy is clearly on the rise in the U.S.”
The two companies already have a long history of cooperation. Fairbanks Morse has been a licensee of MAN marine engines since 1995. “Our companies have been working together successfully for almost two decades,” Riley said. “This new chapter comes from a long established tradition of mutual trust,” Barnes added. “We will hit the ground running.”
Fairbanks Morse produces diesel and dual-fuel engines in the 0.5 - 4.0 MW range and MAN Diesel & Turbo’s portfolio of gas and dual-fuel engines ranges from 2.3 to 17.6 MW.
About Fairbanks Morse Engine
Fairbanks Morse is a worldwide leader in diesel and dual-fuel engine technology and manufacturing. The company’s mission is to provide the highest quality diesel and dual-fuel engines and generator sets, OEM parts, and factory trained field service support. Fairbanks Morse is a trusted provider of reliable engine drive solutions for a wide range of critical applications. These include base-load and standby power generation, emergency back-up power for nuclear plants, and ship propulsion and shipboard power for the U.S. Navy, the U.S. Coast Guard and commercial vessels. More information is available at www.fairbanksmorse.com.
About EnPro Industries, Inc. (NYSE:NPO)
EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit www.enproindustries.com
About MAN Diesel & Turbo
MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications. It designs two-stroke and four-stroke engines that are manufactured both by the company and by its licensees. The engines have power outputs ranging from 450 kW to 87 MW. MAN Diesel & Turbo also designs and manufactures gas turbines of up to 50 MW, steam turbines of up to 150 MW and compressors with volume flows of up to 1.5 million m³/h and pressures of up to 1,000 bar. The product range is rounded off by turbochargers, propellers, gas engines and chemical reactors. MAN Diesel & Turbo’s range of goods includes complete marine propulsion systems, turbomachinery units for the oil & gas as well as the process industries and complete power plant solutions. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand. The company employs around 14,500 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. MAN Diesel & Turbo is a company in the Power Engineering business area of MAN SE.