Hanjin to build $2-B shipyard in M’danao
Korean shipbuilding giant Hanjin Heavy Industries and Construction will invest an additional $2 billion in the
President Arroyo welcomed yesterday Hanjin’s newest investment during a courtesy call by company president Jeong Sup Shim. Also present were Phividec Industrial Authority administrator Ninfa
The latest investment is expected to generate 30,000 jobs, a Palace statement said. Mrs. Arroyo earlier visited Isla Pu-ting Bato in Tondo where she said that Hanjin’s new investment would generate thousands of jobs, especially for welders.
Remonde said that in terms of investment, Hanjin’s
Hanjin’s $1-billion shipbuilding plant in
Jeong said construction of the general manufacturing plant of the shipbuilding facility would start early next year.
Under Phase 2, Jeong said the plant would start fabricating ships in 2010, and by 2012 the facility is expected to export some $1.7 billion worth of shipbuilding parts and vessels.
Jeong said Hanjin’s
He recalled that Hanjin launched its first investment in the country in
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