Will Samsung Heavy lose ground to Hanwha, HD Hyundai?
Samsung Heavy Industries is facing skepticism about its competitiveness, after its rivals decided recently to acquire manufacturers of engines for ships, in order to vertically integrate their shipbuilding supply chains, according to industry officials, Monday. Although the shipbuilding subsidiary of Samsung Group seeks to survive through its capability of building higher value-added offshore plants, industry officials point out that Korea's shipbuilding industry could be reorganized in the long run, under the leadership of Hanwha and HD Hyundai.
Source: koreatimes.co.kr