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HD Hyundai Heavy Industries to Invest KRW833.6 Billion on High-Power Generation Engine Production Facility

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HD Hyundai Heavy Industries (KRX:329180) has allotted 833.6 billion won for a new facility dedicated to high-power generation engine production, according to a Thursday release with the Korea Exchange.

The investment will cover land acquisition, construction of a new manufacturing facility and installation of production equipment.

The investment looks to increase the company's production capacity in the segment as it addresses growth in the engine power generation market and rising global electricity demand.

The investment period will run until May 31, 2028.

Shares of the company fell more than 1% in recent trade.

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