Kvaerner Masa-Yards
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Formerly called
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Aker Yards |
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| osakeyhtiö | |
| Industry | shipbuilding |
| Fate | sold in 2014 to Meyer Werft, USC and state of Finland |
| Predecessor | Wärtsilä Marine |
| Successors | |
| Founded | 7 November 1989 as Masa-Yards Turku New Shipyard |
| Founders | Finnish state Martin Saarikangas Ted Arison |
| Headquarters | Perno, Turku, Finland |
| Products | cruise ships, cruiseferries, arctic vessels |
| Parent |
STX Group STX Europe |
| Website | www |
STX Finland Oy, formerly Aker Yards Oy, was a Finnish shipbuilding company operating three shipyards in Finland, in Turku, Helsinki and Rauma, employing some 2,500 people. It was part of STX Europe, a group of international shipbuilding companies owned by the South Korean STX Corporation.
Half of Helsinki yard was sold to Russian USC in 2010. In September 2013, STX Finland announced that the Rauma shipyard would be closed in June 2014. In August 2014, the Turku shipyard was sold to Meyer Werft the state-owned Finnish Industry Investment and renamed Meyer Turku Oy.
STX Finland Oy was a descendant of different shipyard companies. Wärtsilä operated the shipyards of Helsinki and Turku since the 1930s. Wärtsilä Marine went bankrupt in 1989 after merging with Valmet shipyards. Masa-Yards was established by Martin Saarikangas with financing from the shipping companies to finish the ships under construction, eventually taking over the operations of Wärtsilä's former shipyards. In the mid-90s Kvaerner purchased Masa-Yards and Kvaerner Masa-Yards was born. In 1991 the shipbuilding businesses of Hollming Oy of Rauma and Rauma-Repola of Rauma were merged to form Finnyards. This company was purchased by Kvaerner and became Aker Finnyards. In January 2005 Kvaerner Masa-Yards and Aker Finnyards merged to form the "new" Aker Finnyards Oy. The name of the company was changed to Aker Yards Oy on 7 June 2006, and to STX Finland Cruise Oy on 23 November 2008. Since September 2009 the company has been named STX Finland Oy.
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Wikipedia