Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

STX Group to invest in Vietnam

STX Group to invest in Vietnam

Seoul: Sprawling maritime conglomerate STX Group said on Tuesday it would set up a manufacturing base in Vietnam, investing $150 million by 2015, to expand its offshore plant business.
STX Group's three flagship companies, STX Corp , STX Shipbuilding Co and STX Engine , will invest in the project, said a spokesman from the heavy industry and shipping-focused business group.
The group has won the Vietnamese government's approval to set up a unit, STX-VINA Heavy Industry, which will mostly focus on offshore plant construction. It is yet to be decided whether STX Group would build ships from the Vietnam unit, the spokesman added.  [23/01/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.