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Biz News Korea(Eng)
Hanwha Techwin strikes $237 mn deal to ship K9 hulls to Poland’s HSW
- Collected
- 2016.12.16
- Distributed
- 2016.12.19
- Source
- Go Direct
Winning the latest order follows its another big deal worth 355.9 billion won to deliver aircraft engine parts to Rolls Royce by 2031, allowing the Korean defense firm to amass about 650 billion won from orders obtained in two straight days. A day before, it signed the contract to deliver 11 items of three types of engine parts to the British jet engine maker’s manufacturing plants in the U.K. and Singapore from 2017 to 2031.
A series of orders Hanwha Technwin has recently won underscore Hanwha Group’s attempt to cultivate engine business as the group’s core growth engine. As part of efforts, the Korean engine parts manufacturer opened a new facility to mass produce aircraft engine parts in Changwon, South Gyeongsang Province last month.
The new factory in Changwon will manufacture aircraft engine parts to be shipped to the global top three engine makers GE, Rolls-Royce and P&W, along with engine rotors and high-pressure compressor turbine blades for the engine majors.
The company mulls acquiring foreign engine makers to expand its presence in the global engine industry, according to an official from the company.
Shares of Hanwha Techwin rose 2.3 percent, or 1,000 won, to end at 45,700 won in Seoul trading on Thursday.
By Kim Jung-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]