Server: Microsoft-IIS/2.0 Date: Thu, 20 Nov 1997 18:58:03 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 02 Sep 1997 13:16:37 GMT Content-Length: 6161
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PRESS RELEASE
GULFPORT, Miss... Halter Marine Group, Inc. (AMEX:HLX) Gulfport, Miss. has acquired the former McDermott shipyard on the Industrial Seaway in Gulfport, Miss. The 74 acre facility which will be called Halter Gulfport Central, will be under common management with Halter's Gulfport shipyard, approximately two miles east. The new facility will build components for use on Military Sealift Command (MSC) ships. Some of these components are currently under construction at the Gulfport yard. Transferring this work to the new facility will free up production capacity at the Gulfport yard to support fabrication requirements for other Halter shipyards in Mississippi, Louisiana and Texas. Halter has begun a capital improvement program at the shipyard and is moving equipment into the facility which has been inactive for several years. Initial employment, beginning soon, is expected to be approximately 100 persons, rising to about 125 in 1998. Halter-Gulfport Central is adjacent to another former McDermott Inc. facility which now houses Halter's marine engineering and naval architecture departments. That building was acquired by Halter's predecessor, the Trinity Marine Group in 1988. The Halter Marine Group, Inc. includes 17 other shipyards in Louisiana, Mississippi, Florida and Texas. The company specializes in the design, construction, conversion and repair of a wide variety of vessels for commercial, government and pleasure boat markets and mobile offshore drilling units. Shipyards of the Halter Marine Group have built more than 2,000 vessels in the past 40 years.
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