[Yonhap/August 20, 2025] HD Korea Shipbuilding & Offshore Engineering (HD KSOE) Co. said Wednesday it has signed a 290 billion-won (US$207 million) agreement to purchase Doosan Enerbility Co.'s Vietnam subsidiary.

Under the deal, HD KSOE will take over all shares of Doosan Vina owned by Doosan Enerbility, the South Korean shipbuilder said in a regulatory filing.

Established in 2006, Doosan Vina operates a manufacturing complex about 120 kilometers south of Da Nang in central Vietnam and has produced thermal power plant boilers, port cranes and liquefied natural gas (LNG) plant modules.

HD KSOE said it plans to maintain the subsidiary's existing business while transforming the site into a production base for independent cargo tanks and a regional hub for the company's port crane business in Asia.

Independent tanks are key components used in eco-friendly vessels, such as LNG-fueled ships, liquefied petroleum gas (LPG) carriers, ammonia carriers and liquefied carbon dioxide carriers.

Demand for the products is rising on the back of strengthened environmental regulations by the International Maritime Organization.

"This transaction was made possible with mutual interests aligned and support from the government," an HD KSOE official said. "By expanding our eco-friendly equipment production capacity, we will broaden our lineup of environmentally friendly ships with global competitiveness and maximize profitability."

HD KSOE, a subholding company of shipbuilding-to-machinery conglomerate HD Hyundai, has three affiliates under its wing, including HD Hyundai Heavy Industries Co.

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