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  • Hyundai Heavy industries to set up JV with Russian state-shipyard
    Hyundai Heavy industries to set up JV with Russian state-shipyard
     Hyundai Heavy Industries and Russia’s Far Eastern Shipbuilding and Ship Repair Center will set up a joint venture, the South Korean company said on Sept. 4.Under the agreement, the companies will set up a joint venture specializing in ship design and shipbuilding project management.  A signing ceremony between Hyundai Heavy and Russian counterpart. Hyundai Heavy IndustriesFar Eastern Shipbuilding and Ship Repair ...
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Hyundai Heavy industries to set up JV with Russian state-shipyard

Sept. 5, 2016 - 10:40 By 최희석
[THE INVESTOR] Hyundai Heavy Industries and Russia’s Far Eastern Shipbuilding and Ship Repair Center will set up a joint venture, the South Korean company said on Sept. 4.

Under the agreement, the companies will set up a joint venture specializing in ship design and shipbuilding project management. 


A signing ceremony between Hyundai Heavy and Russian counterpart. Hyundai Heavy Industries


Far Eastern Shipbuilding and Ship Repair Center is a Russian state-owned shipbuilder. 

The South Korean company will also provide the Russian firm’s subsidiary Zvezda Yard located in Primorsky Krai with technical support.

HHI said that the project would generate new revenue sources such as exporting shipbuilding materials and providing professional workforce, as well as ship design and project management.

By Choi He-suk (cheesuk@heraldcorp.com)
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