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A study was conducted by the Diesel Engine Steering Committee, who identified deficiencies with the Colt-Pielstick 2.5 Main Propulsion Diesel Engine (MPDE).
The MPDE failures have resulted in an estimated cost of $40 million a year to maintain 48 engines.
Investment will come in at 170 million kroons ($9.3 million), according to MPDE's Aldo Tammsaar.
Helsinki-based Finnkino owns Latvia's leading exhib-distrib, 5-year-old Baltic Cinema, and in May purchased a 90% stake in Estonia's top player, MPDE.
Despite Russia's economic woes, Estonian exhibitor MPDE is developing a five- to seven-screen hardtop venue in the capital of Tallinn, tentatively scheduled to open in the fall of 1999.
"We're ready to build," says MPDE managing director Aldo Tammsaar.
MPDE's 1996 renovation of Tallinn's two-screen Kozmos cinema is keenly felt at the national box office.
In addition, MPDE (licensed distributor of 20th Century Fox, Warner, Columbia-TriStar, and UIP in the Estonian market) took the unprecedented step of distributing features during July and August, traditionally a dead season for the Baltic and Scandinavian cinemas.
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- MPCU alerting arrangements Exercises
- MPD syndrome