USC, St. Petersburg Govt set to create mega shipbuilding center
United Shipbuilding Corporation (USC) and the Government of St. Petersburg have signed an agreement to establish a regional shipbuilding park, the city administration press office said.
The document was signed by Governor Georgy Poltavchenko and President of USC Roman Trotsenko during the IV International Innovation Forum hosted in St. Petersburg.
As Roman Trotsenko said the creation of a center for design and management of production of marine equipment for the Arctic exploration would become the first step in the project implementation.
According to the City Governor St. Petersburg is actively developing the shipbuilding industry, the city companies are manufacturing civilian vessels and warships. Overall, nearly 200 shipbuilding and ship repair enterprises will be included in the future industrial park.
United Shipbuilding Corporation is a 100-percent state-owned group of companies established by the Presidential Decree № 394 (March 21, 2007). The Corporation consists of nine engineering and design offices and 39 dockyards. The USC’s largest shipbuilding assets include Kaliningrad-based JSC Yantar Shipyard, JSC Admiralty Shipyards (St. Petersburg), JSC PA Sevmash (Severodvinsk), JSC DVZ Zvezda (Vladivostok). USC holds a 50% stake in Arctech Helsinki Shipyard, a joint venture with STX Finland Cruise Oy.
The Corporation participates in several major international projects: construction of a new mega shipyard Zvezda-DSME through a JV with Daewoo Shipbuilding & Marine Engeneering (South Korea), the construction jointly with Yantai Ruffles (Singapore) of Vostok-Ruffles Shipyard. In 2010, USC posted total revenue of RUB135 billion. Currently, USC consolidated about 70% of the domestic shipbuilding industry. The Group focuses on the Russian market, but also exports its products to 20 countries.