HDW Might be Able
to Sell Subs to Taiwan. (17 Sep 2002)
The deputy CEO of HDW, Hannfried Haun has publicly
expressed confidence it could close a deal worth an US$6 billion.
French and Dutch companies are also reportedly interested in the
sale of submarines to Taiwan.
China opposes the deal and has put tremendous diplomatic
pressure on Germany and other European countries whose companies
have shown interest in the project.
German Chancellor Gerhard Schroeder has said he
has no intention of allowing the sale of German submarines to
A US investment group has recently taken full control
of HDW, and a Taiwanese daily quoted Haun as suggesting that the
ownership change could help the shipbuilder pull off the deal
despite German export restrictions.
As a US-owned company, HDW would be acting only
as a supplier in a deal that is being brokered by the US government.
The US has promised to sell Taiwan eight diesel-electric
submarines last year but needs to give the job to a foreign shipyard
because US companies no longer build non-nuclear-powered submarines.