OPK and Hyundai Heavy Industries pen a protocol on joint shipbuilding cooperation
Yan Yanovsky, the managing director and member of the Boards of Directors of United Industrial Corporation (OPK), and B.T. Ahn, the executive vice president of the South Korea-based Hyundai Heavy Industries Co. Ltd., have penned an agreement on joint shipbuilding cooperation between the corporations.
Hyundai Heavy Industries Co. Ltd. (HHI) is one of the global shipbuilding industry leaders with modern technologies and extensive experience in shipbuilding, including the construction of ocean liners, oil- and gas-carrying vessels. OPK is a major shipping corporation in Russia, whose key subsidiaries include the Severnaya Verf Shipyard, the Baltiysky Zavod plant and the Iceberg Design Bureau.
The main objective of the protocol, according to its signatories, is to determine the key cooperation parameters between the two companies, including the development of joint shipbuilding projects, increasing production capabilities of facilities, joint activities on vessels designing and development of shipping equipment. According to the protocol, HHI, as a partner of OPK, will provide support in the construction of new and upgrading the existing shipbuilding facilities, shipyard management and the construction of specific types of shipping vessels, including gas transporters.
Web design,