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Competition intensifies between Hanwha, HD Hyundai in shipbuilding industry

Hanwha Group participated in a preliminary bid to acquire a controlling 47.8 percent stake in STX Heavy Industries, a manufacturer of engines for ships, from a local private equity firm, Pinetree Partners, according to industry officials, Tuesday. The latest move by the nations seventh-largest conglomerate is expected to intensify competition between Hanwha and HD Hyundai in the global shipbuilding market.
Soult Ukpyolsi South Korea Kyonggi Do Kim Dong Kwan Salman Al Saud Hyundai Heavy Industries

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