Far East | Industry, manufacturing
USC and DSME to invest $90m in Zvezda-DSME shipyard in 2011
28 Apr '11
The United Shipbuilding Corporation (USC) and Korean company Daewoo Shipbuilding Marine Engineering (DSME) intend to invest $90m into ongoing construction of Zvezda-DSME shipyard in the Bolshoy Kamen Bay in Primorsky region in 2011, news agency RIA Novosti reports.
The Korean company’s share in the project reportedly totals 20%.
By now, the partied have invested a total of $22m into the project.
Under plans, the Zvezda-DSME shipyard is to produce heavy-tonnage ships.
Construction is scheduled to be completed in the end of 2012, with some facilities to be launched in 2011.
The Korean company’s share in the project reportedly totals 20%.
By now, the partied have invested a total of $22m into the project.
Under plans, the Zvezda-DSME shipyard is to produce heavy-tonnage ships.
Construction is scheduled to be completed in the end of 2012, with some facilities to be launched in 2011.
COMMENT ON THIS STORY
Feature stories
Search (News archive - 22966)
Advertising
