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2018 December 27   18:19

Yantar Shipyard looks into creation of two competence centers

Kaliningrad, Russia based Baltic Shipbuilding Plant Yantar (Yantar Shipyard, part of United Shipbuilding Corporation) would be willing to open two centers of competence as part of previously announced project of United Shipbuilding Corporation, the company said on Thursday.

Kaliningrad-based Baltic Shipbuilding Plant “Yantar” (Yantar Shipyard) was founded on July 8, 1945 on the basis of a Koenigsberg unit of German’s Schichau Werft. Yantar Shipyard specializes in building and repair of warships and civil boats. Throughout the years the Shipyard has built 160 warships and more than 500 merchant vessels. The Russian Government holds majority stake in the shipbuilding firm through Western Center of Shipbuilding, a subsidiary of state-owned United Shipbuilding Corporation.

United Shipbuilding Corporation (USC) is the largest shipbuilding group in Russia. It was set up in 2007 with 100% federal ownership. The holding comprises 40 companies and organizations (major shipbuilding and shiprepairing companies as well as leading design bureaus). Currently, USC consolidates the bulk of the domestic shipbuilding complex. The Russian market is the main focus of the state corporation though it also exports its products to 20 countries worldwide.

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