By 2009, Vyborg Shipyard OJSC plans to invest some RUR 400 million into capacity expansion and production modernization, RBC quotes Vladimir Ruskin, Production Director of the yard. According to Mr. Ruskin, the investments are to be used for introduction of a new metal cutting line in order to raise annual cutting by 48% - to 20,000 tonnes and for expansion of painting facilities to raise the volume of painting by 40-50%.
Vyborg Shipyard OJSC specializes in construction of sea platforms for development of the fields at the self as well as in construction of small and average capacity vessels. The company’s authorized capital totals RUR 213,684 divided into 373,948 ordinary and 53,420 preferred shares with a nominal value of RUR 0.5 each. AKO BARRS Group holds 75.6% of the company’s stock.