HD Hyundai is collaborating with Kiewit, a comprehensive design, procurement, and construction (EPC) firm in the U.S., to establish a local production base for ship blocks.
According to Yonhap News on October 22, the two companies are reportedly in the final stages of negotiations to set up a joint venture in the U.S. They are considering acquiring local land to create a yard for manufacturing ship blocks and large steel structures, with plans to eventually expand into a shipyard.
Previously, the two firms signed a strategic partnership in July to enhance cooperation in shipbuilding, discussing joint construction of vessels and collaboration on block and module production.
Industry experts believe this partnership could lead to investments in the $150 billion Korea-U.S. shipbuilding cooperation project known as MASGA.
An HD Hyundai representative stated, "It is true that both companies are discussing additional cooperation plans, but nothing has been finalized yet."
* This article has been translated by AI.
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