HERMA SHIPYARD INC.(HSI)

Navantia’s Production Units at Ferrol Estuary, with facilities at Fene and Ferrol, have been equipped with world-class state of the art shipbuilding technological means and a revolutionary production model - integrated construction- that allows to achieve top-quality results, while cutting costs and deadlines. In these centers, located in northwestern coast of Spain, Navantia builds next-generation warships, including frigates equipped with the AEGIS combat system, amphibious ships, aircraft carriers, fleet tankers, corvettes, etc. This area is also located the Turbine Factory dedicated to manufacturing steam turbines and wind turbines for power generation plants and reduction gears, shafts lines, torpedo tubes and other equipment for ships. It also maintains an important activity of technical assistance and after sales service. Moreover, Navantia’s Ferrol Estuary facilities are widely known for their ship overhaul and conversion capabilities, thanks to its great capacity for specialized work and excellent technical and human resources. Its overhaul and conversion activity offering includes the repair of LNG and LPG ships, offshore units, chemical tankers and other specialized vessels. Its great capacity for renewal and steel and pipe manufacturing; high quality surface treatment (tank coating), electrical and hydraulic repairs, etc., as well as its repair workshop staffed with highly qualified workers make of Navantia’s Ferrol Estuary center one of the most important repair centers in Europe.