Hyundai to set up RE manufacturing hub at ex-Hanjin shipyard

MANILA, Philippines — American investment firm Cerberus Capital Management has inked a multiyear deal to lease to HD Korea Shipbuilding and Offshore Engineering (HD Hyundai KSOE) a portion of the former Hanjin facility in Subic for renewable energy (RE) equipment production. Cerberus senior managing director Alexander Benard on Wednesday said that the Hyundai unit would
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