$250m to Boost Aircraft & Shipbuilding

Thursday, April 10, 2008

The Russian government will pour $250m into modernizing the production of special steel alloys. The lack of modern technology is holding back the production of ultra-strong alloys and steel currently used in aerospace and shipbuilding, Russia Today said.

Russian Prime Minister Viktor Zubkov launched the first modern smelting furnace in the region. The government plans to commission another three furnaces by the end of the decade. 
Russian officials say it's currently a low-profit, niche product, but that could change.
The government also promises to provide state-backed credits for steel producers to buy new equipment.

Source:  Today

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

Carlyle Group Acquires LMC

Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility

Saab Bags $1 bln Order for Swedish Submarines

The Swedish Defence Materiel Administration (FMV) has awarded contracts worth Skr8.6bn ($1.03bn) to Saab AB for the construction of two new Type A26 submarines

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0809 sec (12 req/sec)