ABG Shipyard Limited has signed a Memorandum of Understanding (MOU) for acquisition of Vipul Shipyard (Vipul) situated adjacent to the Company’s existing shipyard at Magdalla Port, District- Surat, Gujarat.
With this ABG will add substantial land with a good water front to its resources along with slipway and other necessary plant & equipment for shipbuilding.
This acquisition would facilitate further expansion of ABG’s shipbuilding activities at the above shipyard and would enable ABG to enhance its shipbuilding capacity from the present 32 to 40 vessels on modular basis in future. This acquisition will facilitate the optimal use of resources in ABG’s existing shipyard & new facility to synergise productivity and achieve economies of scale.
On this occasion, the Company’s spokesperson said that “this is a strategic acquisition for ABG considering the location of Vipul, which is adjacent to the existing shipbuilding facility of ABG at Surat and this acquisition is a move to augment its resources for further consolidation of shipbuilding capacity in the growing segments of offshore, coastal shipping & other avenues of shipbuilding.”
With this ABG will add substantial land with a good water front to its resources along with slipway and other necessary plant & equipment for shipbuilding.
This acquisition would facilitate further expansion of ABG’s shipbuilding activities at the above shipyard and would enable ABG to enhance its shipbuilding capacity from the present 32 to 40 vessels on modular basis in future. This acquisition will facilitate the optimal use of resources in ABG’s existing shipyard & new facility to synergise productivity and achieve economies of scale.
On this occasion, the Company’s spokesperson said that “this is a strategic acquisition for ABG considering the location of Vipul, which is adjacent to the existing shipbuilding facility of ABG at Surat and this acquisition is a move to augment its resources for further consolidation of shipbuilding capacity in the growing segments of offshore, coastal shipping & other avenues of shipbuilding.”