Meyer Turku shipyard is more than doubling its investment in its facilities from the previously published 75 million euro to 185 million euro, according to a statement.

The new investments include a new plate cutting line, a new profile cutting line and a new panel line to the steel hall of the shipyard.

These new investments will be ready by end of 2018 and will boost the steel production of the shipyard in order to fulfill the record breaking cruise ship orderbook..

Meyer Turku will have the most modern steel production facilities in the world with laser-hybrid, digitally controlled welding technology, according to teh yard. 

“We are rebuilding Turku shipyard into a modern ship assembly factory. After these investments we will have one of the world’s most modern steel productions that will enable the ramp-up of our production,” said Mika Heiskanen, head of steel production.

“For the shipyard this will be a giant leap forward to prepare to the increasing international competition. We really need these investments along with the full and stable work effort of our ship building teams to fulfil the promises we have made to our customers,” said Jan Meyer, CEO. 

The investments are part of a long term plan of Meyer Turku to ramp up the production to three times the value the shipyard produced in 2014 when the Meyer family took over.