Tandanor
Encyclopedia
Tandanor is an Argentine
worker-owned
shipyard
, and the nation's largest. Tandanor is involved in shipbuilding
and ship repair and has facilities in Buenos Aires
' port.
Founded on November 10, 1879, Tandanor was originally conceived for the maintenance of the Argentine naval
fleet. In 1991 Tandanor was privatized under President
Carlos Menem
's privatization plan. In 1999, after the principal stockholder declared bankruptcy, its workers bought out
the shipyard. The economic crisis of 2001
and the following currency devaluation lowered the costs to competitive international values, which made the business again profitable, and the shipyard currently employs around 400 workers.
The shipyard has the only Synchrolift
of the country video
In March 2010, it was announced that the construction of the first of four 1,800 ton offshore patrol ships
would begin in August. The ships are projected to cost 619 million pesos and will be used to patrol the southern Argentine Sea
.
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
worker-owned
Worker cooperative
A worker cooperative is a cooperative owned and democratically managed by its worker-owners. This control may be exercised in a number of ways. A cooperative enterprise may mean a firm where every worker-owner participates in decision making in a democratic fashion, or it may refer to one in which...
shipyard
Shipyard
Shipyards and dockyards are places which repair and build ships. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance and basing activities than shipyards, which are sometimes associated more with initial...
, and the nation's largest. Tandanor is involved in shipbuilding
Shipbuilding
Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.Shipbuilding and ship repairs, both...
and ship repair and has facilities in Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
' port.
Founded on November 10, 1879, Tandanor was originally conceived for the maintenance of the Argentine naval
Argentine Navy
The Navy of the Argentine Republic or Armada of the Argentine Republic is the navy of Argentina. It is one of the three branches of the Armed Forces of the Argentine Republic, together with the Army and the Air Force....
fleet. In 1991 Tandanor was privatized under President
President of Argentina
The President of the Argentine Nation , usually known as the President of Argentina, is the head of state of Argentina. Under the national Constitution, the President is also the chief executive of the federal government and Commander-in-Chief of the armed forces.Through Argentine history, the...
Carlos Menem
Carlos Menem
Carlos Saúl Menem is an Argentine politician who was President of Argentina from 1989 to 1999. He is currently an Argentine National Senator for La Rioja Province.-Early life:...
's privatization plan. In 1999, after the principal stockholder declared bankruptcy, its workers bought out
Buyout
A buyout, in finance, is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" control of the target company....
the shipyard. The economic crisis of 2001
Argentine economic crisis (1999-2002)
The Argentine economic crisis was a financial situation, tied to poilitical unrest, that affected Argentina's economy during the late 1990s and early 2000s...
and the following currency devaluation lowered the costs to competitive international values, which made the business again profitable, and the shipyard currently employs around 400 workers.
The shipyard has the only Synchrolift
Synchrolift
A Syncrolift is a system for lifting boats and ships out of the water for maintenance work or repair. The vessel is maneuvered over a submerged cradle, which is then lifted by a set of synchronized hoists or winches...
of the country video
In March 2010, it was announced that the construction of the first of four 1,800 ton offshore patrol ships
Proyecto Patrulleros de Zona Marítima OPV
The Patrulleros de Zona Marítima are a series of offshore patrol vessels being built for the Navies of Chile, Argentina and Colombia.-History:...
would begin in August. The ships are projected to cost 619 million pesos and will be used to patrol the southern Argentine Sea
Argentine Sea
thumb|150px|Argentine Sea, off the [[Atlantic Ocean|atlantic]] coast of ArgentinaThe Argentine Sea refers to the sea within the continental shelf off the Argentine mainland...
.