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Niron Staal, VOSTA LMG Sign Long Term Agreement

Maritime Activity Reports, Inc.

June 4, 2012

As a result of the need for innovation in the dredging market, Niron Staal and VOSTA LMG Cutting and Coupling Systems have entered into a long term agreement for manufacturing and delivery of advanced cutting systems. Both companies have a rich history of cooperation which goes many years back. The need for more advanced cutting systems and the necessary investments calls for an even closer and more strategic cooperation.

VOSTA LMG is a well experienced technical provider in the dredging industry and with excellent technical know-how. Niron Staal, part of SHIPDOCK HOLDING, has a wide-range experience in manufacturing, steel construction, machining and servicing of dredger- and offshore components and is a renowned contractor for these industries.

VOSTA LMG: “Important part of our strategy is innovation and this asks for improvement of manufacturing technology and quality. These are exactly the subjects which form a part of the agreement. The combining of the two companies’ strengths will speed up and ease the means for customers to reduce their operating costs, increase production of their cutter dredgers and achieve compliance with the markets requirements. This cooperation is a major step in our strategy to strengthen our position in the dredging industry and to be the most valued partner for our customers with a complete range of innovative products and solutions.”

NIRON STAAL: “We are ambitious to expand our presence in the dredging industry and develop and improve our manufacturing and service activities in this field. The long term agreement has a strategic value and will support both VOSTA’s upcoming innovations and our mentioned ambitions. We both benefit from sharing knowledge and networks.”



 

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