Period 1963-1973 can be marked as a period of stabilization for production of basic products, and increased production for the domestic market and exports. Employee turnover has calmed, and the number of highly skilled technical but also economic-financial and legal staff is increasing.
The management of the factory has been stabilized as well as the managing people in turbines, engines and pumps. New machine tools are purchased. Turbine, engine and pump test stations are completed. Mechanographic processing of all data is introduced - ARITMA.
Yugoturbina, company for the production of steam and gas turbines, diesel engines and energy equipment, was founded on the initiative of the military authorities in 1949.
Education as one of the most important determinants of factory survival was considered incomplete, with an insufficient number and uncoordinated structure of employees. For example - at the time of the financial crisis, the factory employed 35 graduate mechanical engineers (still insufficient for production), with two graduate economists and one lawyer.
Due to the need for workers of all professions, a comprehensive program of support for employee education has been defined.
With financial, personnel, and moral support, Yugoturbina in Karlovac was the leader in the development of all forms of education at a higher level.
Yugoturbina factory was founded with FNRJ government's decision year 07. 24. 1949. under the name "Edvard Kardelj" and was registrated at financial administration JNA in register military commercial enterprises in Beograd.
By decision of the Federal Executive Council 02. 06. 1954. the factory was separated from companies that produce for specific JNA needs.
By the decision of the People's Committee of Karlovac year 03. 31. 1954. the decision of the Workers' Council was accepted on factory name change from "Edvard Kardelj" to "Yugoturbina" - turbine and machine factory Karlovac.
The name of the factory was changed again by the decision of the Workers' Council year 05. 23. 1969. and the full name of the factory was "Yugoturbina" - factory of steam turbines, diesel engines and pumps Karlovac
German container shipping company Hapag-Lloyd will navigate through the COVID-19 crisis without seeking state aid.
Many other large companies in Germany have required a support from the government, Hapag-Lloyd sees no need for any financial support. The problems are minor.
“We will not look for government support as we are pretty confident that we will manage to get through this crisis on our own,” -spokesperson of Hapag-Lloyd.
All investments have been delayed such as ordering of new boxships.
Hapag-Lloyd currently has a fleet of 248 ships.
Anglo Belgian Corp. (ABC) announced a pair of engine agreements at the InnoTrans trade show in Berlin. ABC signed an agreement with Skinest Rail to supply 40 medium-speed DZC engines for the modernization of TE10 mainline service locomotives of Metinvest Holding Ukraine. ABC also signed an agreement with Ukraine-based Nikolaev Locomotive Rebuilder LLC for the supply of 6DZC engine. This medium-speed diesel engine will be used to repower TEM7 diesel-electric shunting locomotive of ArcelorMittal in Ukraine. ABC’s 6DZC engine, replacing the existing V12 engine, generates more power (up to 2000 hp or 1470 kW) while offering far lower fuel and lube oil consumption and less emissions, the company said.