EDITORIAL
2020
SIGN OF THE TIDES
The re-emergence of Finnish marine cluster is leaving a very positive impact
on Finnish economy. Leading the pack, there is the Turku shipyard which is a
very important local operator in Southwest Finland. The regional impacts of
the shipyard extend to the whole country because three-fourths of its direct
supplier companies are domestic.
Meyer Turku has been experiencing remarkably smooth sailing, with
order books extending to the year 2025. The shipyard also expects growth to
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continue beyond mid-2020’s.
Presently, Meyer Turku is the fourth largest employer in Southwest
Finland, employing about 4,100 persons directly and 4,000 employers
EDITOR-IN-CHIEF
Petri Charpentier
indirectly.
There is fresh data available on the over-all impact of the shipyard, since
City of Turku and Meyer Turku ordered a survey from the University of Turku
PROJECT MANAGER
Jaakko Lätti
in autumn 2019, focusing on the regional economic impacts of the shipyard
and its supplier network.
According to the survey, the combined turnover related to the
EDITORIAL COORDINATOR
Mimosa Raitamaa
production of the shipyard and to the production of its direct supplier
companies is about EUR 1.9 billion which corresponds to a growth of 46%
compared to the financial statement of the year 2016.
GRAPHIC DESIGN
Riitta Yli-Öyrä
The value of supply orders to the shipyard has grown very strongly: it
has almost doubled in two years (+ 84%). The value of the supply orders was
approximately EUR 933 million in 2018 when the corresponding figure in
2016 was approximately EUR 508 million.
CONTRIBUTORS
Sami J. Anteroinen
Ari Mononen
The value of domestic supply orders of Meyer Turku increased by
64% to approximately EUR 638 million; the value of foreign supply orders
increased by 150% to approximately EUR 295 million.
COVER PHOTO
Meyer Turku Oy
The survey reveals that despite the differences in the values of the supply
orders, the amount of supplier companies has remained nearly unchanged.
In 2018, the shipyard had a total of 1,246 direct supplier companies
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(927 domestic; 319 foreign).
Ship-making is a business that is not restricted to the coast: in fact,
the companies which belong to the subcontractor network represent
109 municipalities all over Finland. The survey finds that an increase in the
production of the shipyard benefits the companies of all sizes and in different
fields, regardless of the territorial boundaries.
Correspondingly, there are foreign subcontractors around the world,
with Germany snatching 72% of the value of the foreign supply orders. This
is explained by the fact that the shipyard has received FERUs (Floating Engine
Room Unit) from the Meyer shipyard in Rostock.
Rising tide lifts all boats? – It would appear so.
PETRI CHARPENTIER
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