In 1862 a Joint Stock Company was founded by production engineer Donat Fyodor Grigorievich.
In 1924 the company was renamed to "Leninska Kuznya" [Lenin's Forge].
In the post-war period the years the yard focused on construction of dredges with the out-put of 250 m/h, of passenger vessels for 400 hp., harbor seagoing tugboats, self-propelled sea-going scows.
The plant possesses a significant experience in the building of fishing freezer trawlers and tuna ships, automated dredges, chemical tankers, antisubmarine ships, scientific research vessels, geological survey vessels.
In 2017 the plant changed its ownership and named it "Kuznia na Rybalskomu". (the Smithy on the Fishers' [Island]).
The shipyard is owned by former President Petro Poroshenko,
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