Korea’s HJ Shipyard to Buy Yard from HD Hyundai to Target US Navy Work
South Korea’s HJ Heavy Industries is set to increase its capacities dramatically with the acquisition of a large yard from HD Hyundai Heavy Industries. According to reports in the Korean media, one of the strategies is to expand the company’s maintenance and repair work with the U.S. Navy. The largest shareholder of HJ, Ecoprime Marine Pacific, which in turn is part of Dongbu Engineering & Construction, entered into an agreement with HD Hyundai that calls for the acquisition of the...
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