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Vard Braila And Vard Tulcea Shipyards Will Merge Into One Company

Vard Braila and Vard Tulcea shipyards will merge into one company

Source: Fincantieri SpA
Tulcea, Romania (PortSEurope) February 23, 2021 -Following a decision of parent company Fincantieri, the Vard Braila and Vard Tulcea shipyards will merge as from June 30, 2021. Vard is a global ship designer and builder of specialized vessels. Alberto Maestrini, VardCEO, said: “The merger further enhances economies of scale, simplifies the decision-making process, reduces the administrative costs, eliminates double or parallel activities, combines service activities carried
out in the two yards, improving the overall quality and grants a better management of the assets and the resources of the two yards. This important step is about competitiveness and growth with a solid perspective for Vard shipyards in Romania. It is also about Vard and Fincantieri commitment for our skilled staff that has been working with us for so many years.” The merger will create the most important player on the Romanian market in the shipbuilding industry, with more than 5,000 direct employees and 2,000 other employees of the companies working on the two platforms. The daily production activity of the two yards will not be impacted by the merger, nor have impact on jobs, the efficiencies generated will be managed through natural personnel turn over. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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