HD Hyundai opens shipyard in the Philippines
HD Hyundai Heavy Industries Philippines is seeking to regain market share from China and establish a foothold for the ‘Make American Shipbuilding Great Again’ initiative, while maximising efficiency with its overseas production bases
HD HHIP’s investment has reached $130m and is projected to hit $230m by 2030. The Philippine government expects the start of shipyard operations will create 4,300 local jobs by 2030
