HD Hyundai, has expressed interest in using part of the vast Subic Bay shipyard complex once operated by its compatriot Hanjin Heavy Industries.
n particular, according to the office of the president of the Philippines, HD Hyundai is looking to set up at the facility, originally founded by Hanjin Heavy Industries & Construction nearly 20 years ago, by the end of this year.
According to International news, Hanjin began building the sprawling yard on the north side of Subic Bay in 2006, and grew it into the fourth-largest yard in the world. It was the largest yard in the Philippines, and at its peak it employed upwards of 20,000 people.
As explained, now HD Hyundai is said to be mulling a commercial operation at the site. According to the office of the Philippine president, the Korean shipbuilder wants to use two drydocks at Subic and could move in as early as the end of this year. The project could create up to 15,000 jobs in the Philippines.
It is not the first time that Hyundai has been linked to Subic. Last year, then-defense secretary Delfin Lorenzana told media that Hyundai would operate a maintenance depot for Hyundai-built Philippine Navy vessels at the former Hanjin Subic facility.