The Development Corporation of Yakutia plans to list JSC "Zhatay Shipyard" on the stock exchange. Vasily Efimov, the CEO of the corporation, announced this at a strategic session in Yakutsk. According to him, the structure, which owns 27% of the plant's shares, intends to significantly increase its capitalization and conduct an IPO. The proceeds are promised to be directed not to patching holes, but to the development of the entire region.
The enterprise, commissioned in the spring of 2025, is capable of building up to 10 river-sea class vessels per year, including Arctic classes Arc4 and Arc5, and processing 10 thousand tons of metal. The workshops allow assembling hulls up to 120 meters long and 21 meters wide. The hull workshop is equipped with plasma and gas cutting machines with CNC, bending presses, milling and turning machines. The first ferry with a carrying capacity of 40 tons has already been launched, and about 100 river vessels are planned to be built at the shipyard by 2036.
An IPO (Initial Public Offering) is the first sale of a company's shares to a wide range of investors on a stock exchange. The capital raised allows financing development, and investors get a chance to profit from the growth in the value of the securities.
The enterprise is positioned as a key element of the Trans-Arctic transport corridor "Mohe - Nayba". Without updating the worn-out river fleet, which the shipyard's products are intended to replace, the development of Arctic routes and northern deliveries will be difficult.
Read more on the topic:
- The Zhatay Shipyard Launches Production of Bridges and Pontoons
- Multi-billion dollar project nearing completion: Zhatai shipyard to operate at full capacity by the end of 2025
- Yakutia's Main Shipbuilding Project 95% Ready: "Zhatay Shipyard" to Launch Before End of 2025