Shipbuilding in Rauma had begun in the 16th century and continued until the end of the sail ship era in the 1890s.
Hollming and Rauma-Repola started building ships for Soviet Union as war reparations.
In September 2013 STX Finland announced of closing the Rauma shipyard and 600 workers were laid off.
[2] In January 2014 the shipyard was purchased by the City of Rauma with a price of 18 million euros.
The British marine engine manufacturer Rolls-Royce has expressed its intention to expand its Rauma operations to the dockyard site.