Cruise ship builder, Meyer Turku shipyard, is more than doubling investments to €185 mill from the previously published €75 mill.
The new investments will include a new plate cutting line, a new profile cutting line and a new panel line in the shipyard’s steel handling halls.
The new equipment will be operational by end of 2018/beginning 2019 and will boost the yard’s steel production in order to cater for the record breaking order book reaching to 2024.
With the investments, Meyer Turku will have the most modern steel production facilities in the world with laser-hybrid, digitally controlled welding technology, the yard claimed.
Meyer Turku head of steel production, Mika Heiskanen, said; “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.”“For the shipyard this will be a giant leap forward to prepare for the increasing international competition. We really need these investments along with the full and stable work effort of our shipbuilding teams to fulfil the promises we have made to our customers,” CEO Jan Meyer added.
The investments are part of a long term plan to increase production to three times the value the shipyard produced in 2014 when the Meyer family took over the facility.Part of the investment, the new plate cutting line and the new profile cutting line, will be supplied by Finnish company Pemamek based at Loimaa.
Pemamek CEO, Jaakko Heikonen, said; “It is great to see the strong growth of Meyer Turku Shipyard and we are thrilled that Pemamek is able to be a part of Meyer’s future development. We believe that the combination of the two Finnish family-owned companies will create a great force as the collaboration is based on the same core values and company visions.”