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Pella Shipyard plans to construct new facilities totaling to 1.5 milliard roubles in the settlement of Sapiorny, situated in the Leningrad region, before the end of 2012.

October 01, 2010

Pella Shipyard plans to construct new facilities totaling to 1.5 milliard roubles in the settlement of Sapiorny, situated in the Leningrad region, before the end of 2012. The new shipyard will manufacture the same products as the present one, namely industrial ships such as tugs, pilot boats and vessels of full-scale waste processing. The shipyard estimated output is reported by Kommersant today to amount to 8 ships annually, and its potential turnover will account for 9-10 milliard roubles.
According to the Managing Director of Pella Shipyard Herbert Tsaturov, the decision of constructing the new shipyard proceeded from the fact, that due to the lack of facilities the volume of orders outnumbered the volume of output twofold. “We have already completed our stock of orders for 2011, and now we are taking orders for 2012. Our customers are ports of Russia, Baltic states, Norway and Italy”, Herbert Tsaturov said. Pella Shipyard will assign 300-500 million roubles of internal resources and 1-1.2 milliard roubles of loan funds on the realization of this project. Negotiations on the crediting are under way with Sberbank, Nomos Bank (these two banks credited Pella Shipyard before) and Bank Globex. The pay-back period will be 5 years.
Pella Shipyard was established in 1950. It was privatized in 1992. The structure of the company is built on the principle of a holding and it consists of a parent company, consolidating a number of associated companies. Pella Shipyard profited 471.818 million roubles in 2009, what is 9.24 times more against 2008. Sales revenue amounted to 2 milliard 100.748 million roubles last year, having increased 2.9 times.

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