Hyundai Heavy Industries wins $780 mil. deals
Hyundai Heavy Industries Co., Korea's leading shipbuilder, said Wednesday that it has clinched a combined US$780 million of contracts to build a marine facility and five car carriers.
Under a $420 million deal with a Southeast Asian oil company, Hyundai Heavy will build a gas platform in the waters of northeast Malaysia, with a daily capacity of 1.1 million cubic meters, said the company.
The facility will be delivered in the second half of 2015, it added. The company gave no further specifics on the buyer or other details.
Hyundai Heavy also said it won contracts with two local companies to build three 7,300-car and two 7,400-car automobile carriers worth a combined $360 million. The delivery will be completed by the second quarter of 2014, it said.
With the latest contracts, Hyundai Heavy has won orders valued at $2 billion in July alone. (Yonhap)