Groundbreaking for the soon-to-be world's second-largest shipyard, to be constructed in the Yumurtal?k Free Trade Zone in Adana, will take place in July of this year.
Bülent Uzunsaç, board chairman of Hay Shipbuilding and Maintenance & Repairs Inc. (HGS), said their preparations were in their last stages and that they had been granted permission to move forward with the investment, according to a statement given to the Anatolia news agency,
Uzunsaç explained that they had secured 550 million euros in credit from Germany for the first leg of the construction, which will be built on an 800,000-square-meter area in the Yumurtal?k Free Trade Zone. The HGS Shipyard will be Turkey's largest and the world's second biggest such facility. Its estimated completion date is June 2009 and it will employ 7,000 in the first unit.
They will start building the second unit afterwards, constructing 30,000 to 70,000-deadweight ton (DWT) ships in the first unit and 200,000 to 300,000-DWT vessels in the second. In total they will be building around 35 ships a year, Uzunsaç said.
He added that they have concluded a license agreement with MAN Diesel A/S for the production of two-cycle engines and that they would build a plant for engine assembly on the shipyard premises. They were successful in securing a 230 million euro loan for the establishment of the engine factory, Uzunsaç noted. He added that the engines to be produced by MAN Diesel would employ the ultimate in production technology.
The engine factory is expected to have the ability to produce 5,000 to 60,000-KW 120 engines a year in a 115,000-square-meter closed area. They are planning to open the engine factory in 2009, he noted, adding that they would use engines produced there in ships to be built in the HGS Shipyard and that they would also supply Turkey, the Middle East, the eastern Mediterranean and the Turkic Republics as the only authorized producer and dealer of MAN Diesel engines in the region.
Muharrem Pusat, manager of the Yumurtal?k Free Trade Zone, said there were currently 25 firms in the zone and that five companies were currently constructing facilities in the area. Most of the firms deal in petrochemicals, iron and steel, and acrylic fiber production, Pusat said, adding that last year's total production volume was around $100 million.
The zone was built over a 4.5 million-square-meter area, with half of it rented out and additional space remaining to meet any demand, Pusat explained. He added that production volume would increase tenfold when all businesses started operating in the zone upon completion of their facilities.
Bülent Uzunsaç, board chairman of Hay Shipbuilding and Maintenance & Repairs Inc. (HGS), said their preparations were in their last stages and that they had been granted permission to move forward with the investment, according to a statement given to the Anatolia news agency,
Uzunsaç explained that they had secured 550 million euros in credit from Germany for the first leg of the construction, which will be built on an 800,000-square-meter area in the Yumurtal?k Free Trade Zone. The HGS Shipyard will be Turkey's largest and the world's second biggest such facility. Its estimated completion date is June 2009 and it will employ 7,000 in the first unit.
They will start building the second unit afterwards, constructing 30,000 to 70,000-deadweight ton (DWT) ships in the first unit and 200,000 to 300,000-DWT vessels in the second. In total they will be building around 35 ships a year, Uzunsaç said.
He added that they have concluded a license agreement with MAN Diesel A/S for the production of two-cycle engines and that they would build a plant for engine assembly on the shipyard premises. They were successful in securing a 230 million euro loan for the establishment of the engine factory, Uzunsaç noted. He added that the engines to be produced by MAN Diesel would employ the ultimate in production technology.
The engine factory is expected to have the ability to produce 5,000 to 60,000-KW 120 engines a year in a 115,000-square-meter closed area. They are planning to open the engine factory in 2009, he noted, adding that they would use engines produced there in ships to be built in the HGS Shipyard and that they would also supply Turkey, the Middle East, the eastern Mediterranean and the Turkic Republics as the only authorized producer and dealer of MAN Diesel engines in the region.
Muharrem Pusat, manager of the Yumurtal?k Free Trade Zone, said there were currently 25 firms in the zone and that five companies were currently constructing facilities in the area. Most of the firms deal in petrochemicals, iron and steel, and acrylic fiber production, Pusat said, adding that last year's total production volume was around $100 million.
The zone was built over a 4.5 million-square-meter area, with half of it rented out and additional space remaining to meet any demand, Pusat explained. He added that production volume would increase tenfold when all businesses started operating in the zone upon completion of their facilities.