News

14/10/2013

Palfinger Dreggen enters into JV with Koch

Koch Metalúrgica and Palfinger Dreggen do Brasil have entered into a joint venture named Palfinger Koch Montagens Industriais Ltda for the purpose of joint assembly, testing and commissioning of offshore cranes in Brazil.

Palfinger Koch will locate and invest in infrastructure in a suitable area in the state of Rio Grande do Sul, and the establishment of Palfinger Koch is a further strengthening of the existing partnership entered into between the two companies in March 2012 and is a further strategic step towards successful deliveries of high-end offshore cranes that meet the Brazilian oil and gas industry’s demands for local content.

Palfinger Dreggen do Brasil is currently based in Rio de Janeiro, and Koch Metalúrgica is located in Cachoeirinha, Rio Grande do Sul. The strengthening of the partnership follows the contract awarded back in February for crane supplies for a total of seven drillships to Sete Brasil to the Sembcorp Marine subsidiary Jurong Offshore Pte Ltd. This contract will also be the first project to be processed by the joint venture. Palfinger Koch will be located in the state of Rio Grande do Sul and intends to invest in infrastructure in a suitable area in the region.

Palfinger Koch will meet requirements from Brazilian offshore customers for customized, high-end offshore cranes with joint competence and based on decades of experience from deliveries of reliable heavy-duty and specialized cranes.

Brazil in particular is one of the future markets for offshore cranes. Palfinger Dreggen is already well positioned in the Brazilian market with its own sales and service branch in Rio de Janeiro. Contracts for deliveries to the Brazilian oil and gas market require a competence, capacity and local presence represented by the joint venture Palfinger Koch. Expanding the growth in the Business Unit Offshore Cranes constitutes a further strategic step in opening up one of the most important markets for Palfinger Marine.

For many years, Palfinger has been one of the world’s leading manufacturers of innovative lifting solutions for use on commercial vehicles and in the maritime field. As a multinational group headquartered in Salzburg, the Company’s 6.200 employees generated total sales of approx. EUR 935 million in 2012.

PALFINGER MARINE is the global leading manufacturer of highly reliable, innovative and customized marine, offshore and wind cranes as well as launch and recovery systems. Its worldwide services network, including spare parts supply, guarantees prompt and professional on-site support. The operating company, which has its registered office in Salzburg (Austria), is part of the publicly listed 

PALFINGER DREGGEN

The Norway based PALFINGER DREGGEN represents the Business Unit Offshore Cranes within PALFINGER MARINE. Because of decades of experience in the oil and gas industry PALFINGER DREGGEN accumulated a considerable expertise in developing reliable and high-quality offshore cranes and services. The company profits from its strong international presence with production facilities, sales offices and partners in Norway, Poland, Korea, Singapore and Brazil.

 

Source: Palfinger Dreggen

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