Vyborg Shipyard invest RUR 400 million for expansion and modernization by 2009

Vyborg Shipyard OJSC plans to invest some RUR 400 million into capacity expansion and production modernization by 2009.

Mr. Vladimir Ruskin, Production Director of the yard quotes that the investments are to be used for introduction of a new metal cutting line in order to raise annual cutting by 48% - to 20,000 tonnes and for expansion of painting facilities to raise the volume of painting by 40-50%. Vyborg Shipyard OJSC specializes in construction of sea platforms for development of the fields at the self as well as in construction of small and average capacity vessels.
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