HD Hyundai completes share purchase agreement with Doosan Enerbility

HD Hyundai completes share purchase agreement with Doosan Enerbility

HD Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company under HD Hyundai, has completed all transaction procedures with Doosan Enerbility and finalised the acquisition of HD Hyundai Eco Vina.

HD Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company under HD Hyundai, introduces new office of HD Hyundai Eco Vina in Dung Quất Economic Zone of Quảng Ngãi Province. It has completed all transaction procedures with Doosan Enerbility and finalised the acquisition of HD Hyundai Eco Vina. — Photo courtesy of Diệu Linh

A source from the company confirmed that HD Korea Shipbuilding & Offshore Engineering had signed a share purchase agreement with Doosan Enerbility worth 290 billion won (US$210 million) in August.

HD Hyundai Eco Vina is now located at the central Quảng Ngãi Province-based Dung Quất Economic Zone, in central Việt Nam.

According to HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Eco Vina has been producing thermal power boilers, port cranes, and liquefied natural gas (LNG) plant modules since 2006.

HD Korea Shipbuilding & Offshore Engineering plans to operate HD Hyundai Eco Vina as a manufacturing base for eco-friendly independent tanks and as a hub for port crane operations in Asia to meet the tightening environmental regulations by the International Maritime Organization (IMO).

Former Doosan Enerbility Vietnam company (Doosan Vina), a South Korean heavy industries manufacturer in Dung Quất Economic Zone, specialised in production and export ofmade-in-Việt Nam products including boilers, desalination plants and cranes to 39 countries from 2009. 

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