Zvezdochka buys local shipyard
The Severodvinsk-based shipyard Zvezdochka buys the Krasnaya Kuznetsa yard in Arkhangelsk.
With the acquisition, Zvezdochka gets control over Krasnaya Kuznetsa’s floating dock as well as all equipment, a press release from the yard reads. The Krasnaya Kuznetsa, which is based in Arkhangelsk City, has for years been on the brink of bankruptcy. The yard has a long history, it was founded by Peter the Great in 1693, Oilru.com reports.
With the acquisition follows the incorporation of the Krasnaya Kuznetsa into the United Shipbuilding Corporation, the federal shipbuilding major which includes most of Russia’s major shipyards.
Zvezdochka is first of all known for its extensive experiences within the field repair works on nuclear submarines. The last years, the yard has also engaged in civilian shipbuilding. Military orders remain however the main occupation. The yard includes two subsidiaries in Murmansk Oblast, the Nerpa yard and the Yard No 35, as well as units in Astrakhan, in Moscow, in Kaluga Oblast and in Krasnodar Kray.
