Piikkio Works Established Under Kavaerner-Masa Yards
January 3, 2002
A separate company, Piikkio Works Oy, has been established under Kvaerner Masa-Yards Inc. as a result of transfer of assets. The new company continues as of January 1, 2002, the operations of Kvaerner Masa-Yards Piikkio Works, which previously was a separate business unit within Kvaerner Masa-Yards Inc. The reason for incorporating the company is the independent and different nature of Piikkio Works business activities as a builder of prefabricated cabin and bathroom modules.
Kari Ruusunen, previously manager of the business unit, has been appointed president of Piikkio Works Oy. Jorma Wloranta, president and CEO of Kvaerner Masa-Yards Inc., is named as chairman of the board of the new company. The organization and the business activities of the two factories, in Piikkio and Paimio in Finland, continue as before.
Related News
US Sends Warship Through Taiwan Strait Ahead of Presidential Inauguration
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
Conflict Heating Up Over Cosco's Megaport in Peru
Authorities Identify Sixth Bridge Collapse Victim
Bean Tapped to Succeed Ian Gooch as London P&I Club CEO