Daewoo to Start Building Ship Block in China

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard, said Thursday it will start building a factory in China next week to produce blocks for ships.
The plant, located in the Chinese northeastern port city of Yantai in Shandong Province, is projected to have an annual production capacity of 50,000 tons of ship blocks, or steel structures comprising hulls, Yonhap News Agency reported.