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November 22, 2008


Hyundai Heavy to invest USD 2 billion in China

Reuters reported that South Korea's Hyundai Heavy Industries Co Ltd plans to invest up to USD 2 billion in China in the next five years.

Mr Kang Chul-ho GM of Hyundai Heavy Industries Investment Co said Hyundai Heavy intends to invest CNY 50 million in a loader plant in the coastal province of Shandong. The company is also considering increasing investment in new energy, construction machines, ocean logistics and passenger planes.