The Managing Director and Member of the Boards of Directors of Russia's United Industrial Corporation (OPK) and the Executive Vice President of South Korea's Hyundai Heavy Industries have signed a cooperation agreement in the field of shipbuilding.
The main purpose of the agreement signed between Yan Yanovsky and BT Ahn is to establish a cooperation which will include the mutual developing of shipbuilding projects, equipments and the designing of vessels.
According to this agreement, Hyundai Heavy Industries, as a partner of OPK, will provide a support in the construction of new shipbuilding facilities, shipyard management and in the building of specific types of vessels, including gas-locomotives.
OPK's shipbuilding assets consist of the Severnaya Verf shipyard, the Baltiysky Zavod plant and the design bureau Iceberg.
OPK intends to modernise its shipbuilding assets and construct a modern shipbuilding complex with dry dock on large-capacity vessels, platforms and the production of offshore equipment. OPK is also taking part in several shipbuilding programs, favouring arctic shelf development.
