In order to use the increase in the need for new ships in the world maritime sector for the benefit of our country, to increase our shipbuilding capacity and to respond to Yalova's need for environmentally friendly industrial investment and employment; Under the leadership of the Governorship of Yalova, 40 eminent investors of our country came together in 2004 and established the Yalova Altınova Shipyard Entrepreneurs Industry and Trade Joint Stock Company.