Samsung Heavy to spend 1t won to set up first overseas yard
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[SINGAPORE] Samsung Heavy Industries Co, the world's third-largest shipbuilder, plans to set up its first overseas facility as it revamps manufacturing after the biggest merger within the Samsung Group.
The company aims to spend about one trillion won (S$1.2 billion) on the plant by 2017, chief financial officer Chun Tae Heung said on Monday.
Indonesia, Vietnam and Malaysia are being considered for building bulk ships, tankers and smaller container vessels, Mr Chun noted.
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