Meyer Turku doubles investment programme to fulfill orders

07 Sep 2017
The shipyard will be equipped with modern steel production facilities and laser-hybrid, digitally controlled welding technology

The shipyard will be equipped with modern steel production facilities and laser-hybrid, digitally controlled welding technology

Meyer Turku shipyard is doubling its investment programme to boost steel production and fulfil its record breaking order book reaching to 2024.

The investments, which will see the shipyard doubling its investments from the previously published 75 million euros to 185 million euros, will include a new plate cutting line, a new profile cutting line and a new panel line to the steel halls of the shipyard.

“We are rebuilding Turku shipyard into a modern ship assembly factory. After these investments, we will have one of the world’s most modern steel productions that will enable the ramp-up of our production,” said Jan Meyer, CEO of Meyer Turku.

“For the shipyard, this will be a giant leap forward to prepare to the increasing international competition. We really need these investments along with the full and stable work effort of our ship building teams to fulfill the promises we have made to our customers.”

He added that the investments will mean that the shipyard will be equipped with modern steel production facilities and laser-hybrid, digitally controlled welding technology.

The investments are part of a long-term plan of Meyer Turku to ramp up the production to three times the value the shipyard produced in 2014 when the Meyer family took over.

Work at the shipyard should be completed by the end of 2018 and into the start of 2019.