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Industrial PRIME | February 4, 2016

Meyer Turku Invests €30 Million in New 1,200-Tonne Bridge Crane

Meyer Turku Invests €30 Million in New 1,200-Tonne Bridge Crane

Industrial PRIME | February 4, 2016

First in a series of investments made to support the new rise of Meyer Turku, the new bridge crane will triple the shipyard’s lifting capacity.

In 2015, the Turku shipyard achieved a profitable year after seven consecutive loss-making years. The order book looks good, and the shipyard is set to double its production by 2020.

Investments are needed to support this development. Meanwhile, investments help ensure that the shipyard will remain competitive, particularly against government-funded Chinese shipyards.

“Last year’s result has given us faith regarding the future, and has also made it possible for us to start discussing these new investments with banks,” said Meyer Turku CEO Jan Meyer. “The list of investments to be made is long, and today I am pleased to announce that we have decided to start from the bridge crane.”

According to current plans, the new bridge crane will be deployed in spring 2018. Following that, the shipyard is likely to make a significant investment in hull production.

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