Meyer Turku to Invest More in New Facilities

Finland-based shipbuilder Meyer Turku has enlarged its investment package with a new steel storage and pre-treatment facility to EUR 75 million (USD 83.7 million), the company said.

The move represents the shipbuilder’s third investment announced this year, previous being new gantry crane and building a new modernized cabin factory on the original Piikkio Works cabin factory grounds.

The new steel storage and pre-treatment facility is expected to increase the steel pre-treatment capacity, improve dimensional accuracy and increase productivity, the shipbuilder said.

“With this investment we are working on productivity improvements and dimensional accuracy improvements to boost the following process steps,” CEO of Meyer Turku, Jan Meyer, said.

The production of the new steel storage and pre-treatment facility starts in the autumn of 2016 and will be ready in the spring of 2017.

The shipbuilder said that it will start the co-op negotiations with the unions about the modified content of the work, adding that, “this investment will not cause any negative impacts on headcount.”