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Finland and German shipbuilder wants to buy STX yard

First South Korean STX shut down the major shipyard in Rauma, Finland, and since then the yard in Turku has been struggling financially. The Finnish government and German Meyer Werft are working to acquire the shipyard.

Photo: PRESSEFOTO STX

South Korean STX Offshore & Shipbuilding's yard activities in Finland could be history within the near future. At least if the Finnish government succeeds with its plans for the STX shipyard in Turku.

According to Reuters, the government is considering - together with German shipbuilder Meyer Werft - to acquire the shipyard, STX's last remaining facility in the country after the financially struggling company announced the closure of the Rauma yard during the summer 2013, a move that cost 620 employees their job, while 50 workers from the Turku yard would have to start looking for a new job this summer.

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