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South Korean shipbuilders brace for fight after China mergers
来源： 编辑：编辑部 发布：2019/08/09 09:35:01
KOREA's shipbuilders are bracing for a new era of fiercer competition from China after the two biggest Beijing-backed shipbuilding groups announced plans to merge, reported London's Financial Times.
The consolidation of China State Shipbuilding Corp and China Shipbuilding Industry Corp, agreed last month, will create a behemoth to rival Hyundai Heavy Industries, the world's biggest shipbuilder by orders.
Hyundai Heavy Industries CEO Ka Sam-hyun said that the new Chinese group would be a more competitive rival, with "synergies" that will drive better technological development and lower costs.
"We must be better than the Chinese yards in [engineering] techniques and quality. We must try to raise and improve our quality, our technology and better workmanship," he said.
The consolidation of China State Shipbuilding Corp and China Shipbuilding Industry Corp, agreed last month, will create a behemoth to rival Hyundai Heavy Industries, the world's biggest shipbuilder by orders.
Hyundai Heavy Industries CEO Ka Sam-hyun said that the new Chinese group would be a more competitive rival, with "synergies" that will drive better technological development and lower costs.
"We must be better than the Chinese yards in [engineering] techniques and quality. We must try to raise and improve our quality, our technology and better workmanship," he said.