South Korean Korea Shipbuilding & Offshore Engineering Co., Ltd plans large-scale expansion of production of ship engines

Ship-building holding groups of Hyundai HD Korea Shipbuilding & Offshore Engineering Co., Ltd concluded the agreement on acquisition of a controlling stake of STX Heavy Industries. About it reports InfraNews with reference to Korea Economic Daily. STX specializes on production ship diesel engines, and also two-fuel engines for gas tankers. Company makes engines according to the license of the German MAN SE Energy Solutions SE. Korea Shipbuilding & Offshore Engineering Co., Ltd plans large-scale expansion of business on production of ship engines. Within strategy of foreign expansion company created the joint venture in...