 |
3/8/2010 - STX EUROPE TO EXPAND CAPACITY WITH NEW BRAZILIAN YARD
|
|
STX Europe will expand its shipbuilding capacity for offshore and specialized vessels by establishing a new shipyard in Fortaleza, Ceara, Brazil. STX Norway Offshore AS intends, together with its Brazilian partner PJMR, to invest approximately $100 million over a period of three years.
Production capacity is expected to be approximately 20,000 tons of steel per year. The total yard area is 320,000 sq. m. Production start is planned within a two years period. The new shipyard will have about 1500 employees in addition to subcontractors.
The project is expected to benefit from domestic financing on favorable terms, supported by governmental resources.
|
|
|
|