South Korea's Hanwha to invest $5 billion in Philly Shipyard

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SEOUL, Aug. 27 (UPI) -- Hanwha Group said Wednesday it plans to invest $5 billion in Hanwha Philly Shipyard in Philadelphia, which the South Korean conglomerate acquired late last year from Norway's Aker ASA. With the funds, Hanwha plans to install two additional docks and three quays to increase capacity. Construction of a new block assembly facility is under consideration, Hanwha said. Through the expansion, Hanwha expected that Philly Shipyard's annual production volume would jump from fewer

South Korea's Hanwha to invest $5 billion in Philly Shipyard https://www.upi.com - 27.08.2025 18:34

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South Korea's Hanwha to invest $5 billion in Philly Shipyard https://www.upi.com - 27.08.2025 18:34