Hanwha Ocean signs strategic partnership with Polish submarine manufacturer for future business ventures

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Hanwha Ocean signs strategic partnership with Polish submarine manufacturer for future business ventures - Korea Economic Daily

Quick Summary:

The company also pledged to cooperate in handing over some of its submarine maintenance technology and licenses while establishing a support center in the country for the Polish Navy to conduct MRO on its own.“The Orka project is expected to prime the pump to further strengthen cooperation between Korea and Poland in the economic and industrial sectors, as well as the development of the Navy,” said Jeong Sung Kyun, head of Hanwha Ocean’s naval ship international business.

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, has joined hands with Polish state-run defense group Polska Grupa Zbrojeniowa S.A.(PGZ) to win an estimated 3 trillion won ($2.2 billion) submarine project for the Central European country.

Hanwha Ocean said on Friday it has agreed with PGZ to submit plans for joint maintenance, repair and overhaul (MRO) services to the Polish Navy after an event organized by the South Korean chemicals-to-defense conglomerate Hanwha Group’s shipbuilder for the project.