Shipbuilder to Spend Billions on Research and New Facilities

SOUTH KOREA – As Hyundai Heavy Industries (HHI) splits into 4 independent companies, the group has announced plans to invest a total of US$3.1 billion in research and development over the next five years aimed at advancing the core shipbuilding business. The investment marks a big step for HHI, as it begins to look to the future of an industry in which it has struggled for many years.

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