HMD laid the foundation for dealing with increasing production demand more actively and building new types of vessels more efficiently by purchasing a nearby site of Hyundai Oil Bank Co., Ltd.

HMD concluded the contract with Hyundai Oil Bank for the site of 54,000m² on September 2008 and finalized the document process in late December 2008.

The newly purchased area will be used for stockpiling shipbuilding blocks and carrying out pre-outfitting work for new types of vessels including PCTC.