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2008 May 7   12:09

Hyundai Heavy to invest $1.2 bln in South Korea's shipyard

Hyundai Heavy Industries Co Ltd , the world's top shipbuilder, said on Wednesday it plans to invest 1.2 trillion won ($1.20 billion) in building a shipyard in South Korea.
Hyundai said in a filing to the Korea Exchange that the shipyard would generate 3 trillion won in sales with an annual capacity of 28 ships.

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