HD Hyundai is joining hands with Kiewit, a U.S. integrated EPC (engineering, procurement, and construction) corporations, to expand cooperation on shipbuilding and equipment production in the United States.
HD Hyundai said on the 19th that it recently signed a "strategic partnership for cooperation in the shipbuilding business" with Kiewit.
Kiewit is the largest integrated construction, engineering, and infrastructure corporations in the United States, carrying out large-scale projects in power generation, energy, offshore, and industrial facilities. It has a track record of fabricating, installing, and commissioning large offshore structures in North America and across South America, including Brazil.
Under the agreement, the two companies will explore joint shipbuilding in the United States and cooperate on producing ship blocks and modules. By combining HD Hyundai's design, equipment supply chain, and construction technology with Kiewit's local fabrication and construction capabilities, they will jointly pursue business in the United States and push for local production of blocks and modules.
An HD Hyundai official said, "We plan to actively support the United States' efforts to rebuild its shipbuilding industry through cooperation with Kiewit," adding, "We will expand cooperation between the two companies into the FDC sector and seek business opportunities in the North American infrastructure market, which is showing explosive growth."
HD Hyundai is pursuing local cooperation projects, including signing a memorandum of understanding (MOU) in Apr. last year with Huntington Ingalls and in Jun. the same year with Edison Chouest Offshore (ECO) for shipbuilding in the United States.