Southfield: Federal-Mogul Corporation is American $6.7bn global supplier of industrial products to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. On the marine side business is growing in line with shipowners’ demands to have more efficient ships.
Roger Schmidt, a director at the company, takes Maritime CEO through some of the new products.
In the two-stroke business, Federal-Mogul has new piston ring packs in the portfolio that provide significantly reduced friction by using less rings. For four-stroke applications, Federal-Mogul has new piston ring packs approved that enable longer time between overhaul and meet emission legislation even at the end of the desired lifetime. On top of that, Federal-Mogul has a new oil ring concept that reduces lube oil consumption without increasing friction.
“This means our customers have a direct benefit by saving cost for lube oil. And the best is: this new product can also be installed retroactively in already existing engines, saving cost for all existing engines,” Schmidt explains.
Federal-Mogul is also about to establish a new joint venture in China to extend the company’s product portfolio of two-stroke and four-stroke industrial rings in the Asian market.
On the shipping markets, Schmidt is sanguine, not seeing any market recovery within the next 12 months.
“We expect a general market growth by the end of 2014 at the latest. This will then be driven by fuel efficient propulsion solutions that will enable shipowners to have an advantage over their competitors,” Schmidt reckons. [21/08/13]
