Finnish boatbuilder Finn-Marin Oy Ltd has obtained a permission to invest PLN 16.5m (US$4.5m) in Tczew, in Poland’s northern part, where it will construct a new shipyard with the aim to produce recreational craft.

The manufacturer is planning to create some 20 new jobs in Tczew. The investment is to be carried out by the company’s local subsidiary Finn-Marin Polska, which was set up last June.

Under the plan, the shipyard will be located in the country’s Pomerania special economic zone (PSEZ). This will provide Finn-Marin with preferential tax treatment for its manufacturing project. In return, the company will be required to maintain the facility’s declared workforce in the coming years.

Set up in 1990 and based in Kokkola, Finland, Finn-Marin makes its output under the Finnmaster, Finnmaster Husky and Grandezza brands, according to data from the manufacturer. The company says its product portfolio includes a wide range of aluminium and glass-reinforced plastic (GRP) boats.

Tczew is located around 33km from Gdansk, the largest city on the shores of the Baltic Sea in Poland.