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 companys 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.
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