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vyborg shipyard-brd (VSSZ) Snapshot

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10/15/13 - $100.00
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vyborg shipyard-brd (VSSZ) Details

Vyborg Shipyard Open Joint Stock Company operates as a ship building company in the north-western region of Russia. It primarily engages in the construction of small and medium tonnage vessels, and offshore drilling rigs. The company constructs offshore drilling platforms, such as semi-submersible drilling platforms, jack-ups, deep-sea semi-submersible platforms, and topside modules for oil and gas exploration and production. It also builds a range of vessels, including tankers, tugs, containerships, timber carriers, dry-cargo ships, special and fishing vessels, floating cranes, barges, and landing ships. In addition, the company is involved in the construction of floating rocket launching, sea ice-proof stationary, and multipurpose bare deck platforms. Further, it undertakes ship repair works, including hull works, mechanical works, ship devices and equipment works, electrical installation works, and covering works, as well as offers mooring quays and docking, and modernization services. Vyborg Shipyard Open Joint Stock Company was founded in 1948 and is based in Vyborg, the Russian Federation. Vyborg Shipyard Open Joint Stock Company operates as a subsidiary of OAO "Western Shipbuilding Center"

Founded in 1948

vyborg shipyard-brd (VSSZ) Top Compensated Officers

General Director
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Acting Chief Financial Officer
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1St Deputy General Director
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Technical Director
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Director of Human Resources
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Compensation as of Fiscal Year 2014.

vyborg shipyard-brd (VSSZ) Key Developments

Vyborg Shipyard Enters Loan Agreement with VTB Bank

On April 07, 2014 stockholders of OAO Vyborg Shipyard approved major interrelated deals with OAO VTB Bank, in particular for a loan agreement with a lending limit of RUB 1,200,000,000. The funds will be used to finance construction of icebreakers under agency agreements # 10/19-02/2012 and # 11/19-02/2012 as of 14.11.2011 and # 148/19/2012 as of 18.12.2012 and day-to-day activities. The maturity term: 730 days and interest rate is not over 12.5% per annum. Loan agreement # 39-05/13 as of 08.11.13 which lending amount is RUB 470 million. The funds will be used to finance day-to-day activities of the borrower. The maturity date is Nov. 7, 2014 and interest rate is 10.50% - 10.25% per annum.

Vyborg Shipyard JSC and Samsung Heavy Industries Co., Ltd. Sign Agreement for Cooperation

Samsung Heavy Industries Co., Ltd. and Vyborg Shipyard JSC (VSY) signed Agreement for Cooperation to jointly participate in the potential projects. Signing of the present Agreement will enable the parties to develop and offer to the potential customers the most attractive construction scheme of semi-submersible drilling rigs.

Vyborg Shipyard Appoints Gruppa PRAUD ZAO as Auditors

Stockholders of Vyborg Shipyard OAO decided to appointed Gruppa PRAUD ZAO as the company's auditor for 2013.


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