HONG KONG: Genting Hong Kong Ltd will invest 100 million euros in its German shipyard, MV Werften to focus on building new large ships. Mecklenburg-Vorpommern’s Economy Minister Harry Glawe said: “We highly appreciate the commitment of Genting Hong Kong. “We will build on the strength of the 1,400 employees of MV Werften,” Laakso said. The group has also appointed Jarmo Laakso as the managing director of MV Werften. In a statement today, Genting Hong Kong said the three shipyards in the German State of Mecklenburg-Vorpommern bought this April would be named MV Werften, be managed in Wismar and would focus on building large new ships.

Source: The Star July 11, 2016 03:00 UTC