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Appledore Shipyard is saved
Appledore Shipyard
Appledore Shipyard
Plymouth based DML has bought Appledore Shipyard in North Devon - ensuring boat building continues in the town.
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DML, the firm which runs Plymouth's Devonport Dockyard, has completed a deal to rescue the troubled Appledore Shipbuilders in North Devon.

Appledore, which had been in the hands of the receivers since September 2003, had been struggling to attract new contracts.

However, DML says it hopes to re-employ a small number of the 550-strong workforce initially while it bids for new work.

DML Chief Executive Dennis Gilbert said: "This is essentially a business start-up situation.

DML Plymouth
DML, Plymouth
"We will be focussing on specific market niches as we begin our efforts to secure suitable inquiries for the Appledore facility, which will be run as an additional production unit under the Devonport organisational structure."

The Appledore yard has built more than 350 ships, including naval fishery protection vessels, trawlers, passenger-vehicle ferries, dredgers and bulk carriers.

The area has a tradition of boat-building going back centuries.

DML has signalled it is considering using Appledore as a base for building specialist vessels such as military ships and superyachts.


Article first published 13th February 2004




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