Emperium shipyard to invest 1.9 bln rubles to expand electric vessels production in Leningrad region by 2026

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5 Jun 2024 15:51

Emperium shipyard to invest 1.9 bln rubles to expand electric vessels production in Leningrad region by 2026

ST. PETERSBURG. June 5 (Interfax) – The Emperium shipyard (Leningrad region, part of the Sitronics Group) plans to expand electric vessels production in the Kirov district of the Leningrad region.

Leningrad Region Governor Alexander Drozdenko and co-founder of Emperium LLC Andrey Bubnov entered into an agreement on socio-economic cooperation for the project at the St. Petersburg International Economic Forum (SPIEF-2024) on Wednesday, an Interfax correspondent reported.

Investments will total 1.9 billion rubles. After completion of the project, production capacity will increase 19,000 square meters to 25 ships per year. The estimated time frame for the project’s implementation is 2024-2025.

“This project will give development synergy to others (…). The most important thing is that these electric vessels will also be used to develop our tourism potential,” Drozdenko said.

“In two weeks we are entering the construction site. The project provides for two years of construction; the construction of two new workshops, the result of which will be a completely new production facility, twice as large, and the production of components. There is a synergistic effect here: we attract other manufacturers, we place their equipment at our facility, and we provide the region with jobs,” Bubnov noted.

Emperium builds and supplies customers with several options for river and lake vessels with a capacity of 50 to 130 passengers. These include an electric waterbus for urban passenger transportation, as well as an electric catamaran for pleasure and tourist trips.

Sitronics Group implements comprehensive solutions for smart cities and security. The company is engaged in the digitalization of strategic sectors of the economy as well as shipping and maritime navigation. It produces IT and telecoms equipment, and develops IoT systems and software.