Samsung Heavy Industries to Expand its Shipyard

Samsung Heavy Industries plans to resolve its issues relating to a shortage of production facilities in light of the dramatic increase in orders it has experienced in recent years, by constructing additional blocks with a 100,000 ton capacity through the securing of a 280,800sq m plot of land for a new factory near the Geoje Shipyard.

SHI announced that it plans to develop the 280,800sq m plot, which is located in Geoje City, South Gyeongsang Province (Gyeongsangnam-do) as a block assembly factory by 2010, after the plot was designated as a Special Shipbuilding Agricultural & Industrial Complex.