Meyer Turku shipyard is more than doubling its previously announced investment in shipbuilding capability from EUR75 million (US$89 million) to EUR185 million.
The increased investment will provide for a new plate cutting line, a new profile cutting line and a new panel line to the steel halls of the shipyard. These will be ready by end of 2018/start of 2019.
The works will boost the steel production of the shipyard in order to ramp up production to three times the value the shipyard produced in 2014, to fulfil the yard's packed order book which already continues into 2024.