HD Hyundai to Partner with Kiewit on Rebuilding U.S. Shipbuilding Industry

*This content was translated by AI.View Original

HD Hyundai will establish a new shipyard in the United States.

On the 22nd, HD Hyundai signed a contract with U.S. construction and engineering firm "Kiewit" to "establish a shipbuilding joint venture."

The two companies signed a "strategic partnership" agreement last July, promoting cooperation on joint shipbuilding in the U.S. and the production of ship blocks and modules.

The joint venture will be named "HD KIEWIT SHIPBUILDING (hereinafter HD Kiewit Shipbuilding)." The name reflects the ambition to build a top-tier shipyard that sets new standards for the U.S. shipbuilding industry by combining HD Hyundai's world-class technological capabilities and shipyard operational know-how with Kiewit's large-scale manufacturing and construction execution capacity.

HD Kiewit Shipbuilding plans to construct an advanced smart shipyard on land designated by the Ministry of Trade, Industry and Energy within the United States. The new shipyard is targeted to break ground in 2027 and begin full operations from 2029.

In addition to seeking business opportunities in U.S. Navy auxiliary ships and commercial vessels, HD Kiewit Shipbuilding plans to consider a business of manufacturing and supplying ship blocks and modules to U.S. shipyards.

An HD Hyundai official, speaking by phone with this outlet, said, "The launch of HD Kiewit Shipbuilding is an important milestone demonstrating HD Hyundai's will and vision as a strategic partner in the U.S. shipbuilding industry."

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*This content was translated by AI.View Original