STX Europe: Difference between revisions
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| foundation = 2004 |
| foundation = 2004 |
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| location = [[Oslo]], [[Norway]] |
| location = [[Oslo]], [[Norway]] |
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| key_people = Kyung-Jin Hong <small>([[chairman (official)|Chairman]] of the [[board of directors|board]] |
| key_people = Kyung-Jin Hong <small>([[chairman (official)|Chairman]] of the [[board of directors|board]], Torstein Dale Sjøtveit <small>(President & CEO) |
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| area_served = |
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| industry = [[Shipbuilding]] |
| industry = [[Shipbuilding]] |
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Revision as of 13:06, 25 March 2009
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| Company type | Public (OSE: STXEUR) |
|---|---|
| Industry | Shipbuilding |
| Founded | 2004 |
| Headquarters | Oslo, Norway |
Key people | Kyung-Jin Hong (Chairman of the board, Torstein Dale Sjøtveit (President & CEO) |
| Revenue | NOK 33,298 million (2007)[1] |
 (NOK 198 million) (2007)[1] | |
 NOK 92 million (2007)[1] | |
Number of employees | 20,950 (2007)[1] |
| Website | www.stxeurope.com |
STX Europe ASA (OSE: STXEUR), formerly Aker Yards ASA, is a South Korean international shipbuilding company based in Norway and the largest shipbuilding group in Europe and the fourth largest in the world. It operates 18 shipyards in Norway, Finland, Germany, Romania, Brazil, France, Ukraine and Vietnam. The company has three business areas: Cruise & Ferries, Merchant Vessels and Offshore & Specialized Vessels. The group is part of the South Korean STX Shipbuilding, which in turn is owned by the South Korean chaebol, STX Corporation. It has been listed on Oslo Stock Exchange since 2004.
In April 2006, Aker Yards bought Alstom Marine, Alstom's naval construction activities, with Chantiers de l'Atlantique in Saint-Nazaire. Aker Yards is a publicly traded company on Oslo Stock Exchange and was owned 40.1% by the Aker Group until March 2007, when Aker ASA sold its shares, though remaining an important customer of Aker Yards. In October 2007, STX Shipbuilding secured a 39,2% stake of Aker Yards, currently being the sole industrial owner of the group, after the majority stake was sold by Aker. The company changed to the current name on 3 November 2008.[2]
Operations
Cruise & Ferries
The cruise & ferries division constructs vessels at shipyards in Finland and France. The division had a revenue of NOK 11,178 million in 2006. Two 62000 gross ton ferries are to be built in Germany for Stena Line, to be delivered in 2010.
Merchant Vessels
The merchant vessels are produced at the yards in Germany, Romania, Ukraine and Norway. The division had a revenue of NOK 6,460 million in 2006.
Offshore & Specialised Vessels
The offshore and specialised vessel division produces its ships in Norway, Finland, and Brazil while hulls are often constructed in Romania. In 2008 a brand new shipyard in Vietnam is constructed to serve the Asian market. Ships made by this division include field support, subsea support, Arctic vessels, fishing vessels, naval craft, research vessels and coast guard vessels. The division had a revenue of NOK 7,749 million in 2006.
Strategic areas
Aker Arctic Technology, with 25 employees in Finland, focuses on Arctic vessels. Aker Yards Marine, Projects, Solutions and Aker Design offer ship design services while Aker Yards Cabins makes 6,000 ready-made cabins annually.
List of shipyards
Aker Yards, Norway (located at Aukra, Brevik, Langsten, Brattvaag, Florø and Søviknes)
Aker Yards, Germany (located at Wismar and Rostock-Warnemünde, former VEB Mathias-Thesen-Werft Wismar and VEB Warnowwerft Warnemünde)
STX Finland Cruise Oy (located at Helsinki, Rauma and Turku)
Aker Yards, Braila and Aker Yards, Tulcea
STX France Cruise SA (75% ownership)
Aker Yards, Brazil (51% ownership)
Okean Shipyard
Aker Yards, Vietnam
References
- ^ a b c d "Annual Report 2007" (PDF). Aker Yards. Retrieved 2008-05-08.
- ^ STX Europe (2008-11-05). "Aker Yards Changes Name to STX Europe". Retrieved 2008-11-05.
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