IHC Merwede Plans to Acquire Several Asian Shipyards

Posted on Dec 9th, 2011 with tags .

IHC Merwede Plans to Acquire Several Asian Shipyards

In pursuing efforts to gain international expansion, IHC Merwede is looking forward to declaring the acquisition of several Asian shipyards in the upcoming quarter Reuters reports.

The global market leader for efficient dredging and mining vessels and equipment, IHC Merwede is well equipped for future expansion. Earlier this year, the company secured the financial backing of its underwriting capacity to €1.5 billion.

This funding provides sufficient capacity for anticipated future growth. In addition, IHC Merwede expects to realize further growth of 10% in 2011, with a turnover of €1.1 billion and profits which will at least be equal to those made in 2010.

IHC Merwede will continue to focus on its priorities of growth, internationalization and innovation upon anticipating enormous demand for its oil drilling and deep-sea mining ships as China, India, and Southeast Asian nations strive to ensure commodities to foster their economies.

Shipbuilding Tribune Staff, December 9, 2011; Image: IHC Merwede

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