RoK’s Hyundai Ecovina to invest US$335 million in Quang Ngai
The Republic of Korea (RoK)’s HD Hyundai Ecovina have been granted an investment licence for its industrial park on 101.6ha with total capital of US$335 million in Dung Quat Economic Zone.
It marked its first licence approved since signing a share purchase agreement with Doosan Enerbility (Doosan Vina) worth KRW290 billion (roughly US$200 million) last August.
A source from the management board of Dung Quat Economic Zone and Industrial Parks said this will be the 17th licence that has been granted to the heavy industries investor in the province.
HD Hyundai Ecovina shared that it plans to transform the site into a global manufacturing centre specialising in liquefied natural gas plant modules, ships, thermal power boilers and port cranes that meet tightened environmental regulations from the International Maritime Organization.
Formerly operating under the name Doosan Vina since 2009, the RoK's heavy industries manufacturer in Dung Quat Economic Zone used to produce made-in-Vietnam goods including boilers, desalination plants and cranes for export to 35 countries.
The central province has approved 26 investment proposals and projects worth VND104 trillion (US$4 billion).
Doosan Vina exports nearly 2,000 tonnes of modules to US
The Doosan Enerbility Vietnam (Doosan Vina) specialising in heavy industries announced on March 26 that it has just exported a batch of nine modules weighing nearly 2,000 tonnes to the Golden Triangle Polymers company in Texas, the US.
