Vard reorganises Romanian operations

17 Oct 2013
Vard, formally STX Offshore, is reorganisation its operations

Vard, formally STX Offshore, is reorganisation its operations

Vard Holdings Limited, formerly STX Offshore, is reorganising its engineering division in Romania with a series of transfers and de-registration.

Vard Piping SRL’s pipe fabrication business has been integrated into the Tulcea Shipyard, while its engineering division has been transferred to Vard Engineering Constanta SRL, a newly incorporated subsidiary in Romania.

Owner 70% by Vard RO Holding SRL and 30% by Vard Bralia SA, Vard Engineering Constanta SRL will serve all of the group’s shipyards.

Vard says it will focus on engineering capacity available in Romania, especially in Tulcea and Constanta.

The paid-up capital of this company is €320,000.

In addition, AKA Ship Design SA, a subsidiary in Romania, is under liquidation.  

Vard Piping SRL will be de-registered in due course.

STX Offshore was acquired earlier this year by Fincantieri.

Links to related companies and recent articles ...