London - Meyer Turku shipyard is more than doubling investments from previously published 75 million euros to 185 million euros. The new investments include a new plate cutting line, a new profile cutting line and a new panel line to the steel halls of the shipyard. These new investments will be ready by end of 2018/start of 2019 and will boost the steel production of the shipyard in order to fulfil the record breaking order book reaching to 2024. With the investments, Meyer Turku will have the most modern steel production facilities in the world with laser-hybrid, digitally controlled welding technology. Head of steel production of Meyer Turku Mika Heiskanen is very pleased with the latest investments: “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.” “For the shipyard this will be a giant leap forward to prepare for 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”, CEO of Meyer Turku Jan Meyer states. 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. Part of the investment program is the new plate cutting line and the new profile cutting line, which will be supplied by Finnish company Pemamek Ltd. from Loimaa. CEO of Pemamek Jaakko Heikonen is very grateful for the cooperation with Meyer Turku. “It is great to see the strong growth of Meyer Turku Shipyard and we are thrilled that Pemamek is able to be a part of Meyer’s future development. We believe that the combination of the two Finnish family-owned companies will create a great force as the collaboration is based on the same core values and company visions.”, Heikonen says.