(FINNBAY) – Helsinki, 7 April 2014. Finland’s national investment
organisation, Finpro, calls for Finnish investors in the maritime
industry to consider investing in the Russian market amid shaky
Finland-Russia political relations due to the Crimea crisis.
According to Enterprise Finland, Russia is in need of icebreakers and
offshore technologies as they aim to increase the value of their
national shipbuilding.
Also Read: Finnish Marine Industry Faces 3.5% Decrease in Sales
“Finns have expertise in Arctic technology. We also have companies that offer modular designs and cabins, moreover, we are able to work in extreme conditions,” says Ulla Lainiotunturi from Finpro in Russia.
However, investors note that the market could be too competitive for small Finnish companies as they will compete against players like ABB and the Norwegian Havyard.
Also Read: Norwegian Marine Company, Navico, Establishes Finland Office
“We have investigate many yards in Russia both private and state-owned. We selected 23 yards which can be home for Finnish companies’ products and services,” says Lainiotunturi.
Courtesy of Heather Thorkelson
Also Read: Finnish Marine Industry Faces 3.5% Decrease in Sales
“Finns have expertise in Arctic technology. We also have companies that offer modular designs and cabins, moreover, we are able to work in extreme conditions,” says Ulla Lainiotunturi from Finpro in Russia.
However, investors note that the market could be too competitive for small Finnish companies as they will compete against players like ABB and the Norwegian Havyard.
Also Read: Norwegian Marine Company, Navico, Establishes Finland Office
“We have investigate many yards in Russia both private and state-owned. We selected 23 yards which can be home for Finnish companies’ products and services,” says Lainiotunturi.
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