HD Hyundai Heavy Industries to start warship construction in Peru Investing.com

KDThe entry of efense into Latin America is gaining importancetummy

• Four ships, including a frigate, officially begin construction in the Peru’s SIMA Shipyardwith deliveries starting in 2026
• Peru’s President Dina Boluarte, Prime minister, Minister of Defense i Navy management attended the launch ceremony
• That’s a milestone for K-Defense in Latin America. We will ensure the success of the project through top technology and truSt

SEOUL, South Korea, January 11, 2025 /PRNewswire/ — As 2025 begins, K-Defense is expanding to Latin America has entered a new phase.

HD Hyundai Heavy Industries (KS:) (HD HHI) held a launch ceremony for Peru warship project on January 10 in SIMA, the state shipyard in Peru.

The ceremony marked the start of the construction of four ships: a frigate, an offshore patrol ship and an amphibious landing ship, which will serve as key strategic assets for Peruvian Navy. The event included steel-cutting and keel-laying ceremonies, marking the official start of construction.

Peru’s President Dina Boluarte, Prime Minister Gustavo Adrianzén Olaya, Minister of Defense Walter Astudillocommander of the navy Luis Jose Polar Figariand other high government officials attended the event Joo Won-hothe head off Business unit for marine and special vessels in HD HHI.

These vessels will be built locally in SIMA Shipyardutilizing HD HHI’s advanced design expertise and shipbuilding knowledge. The first delivery is planned for 2026, and the next ships will follow.

Peru warship project arising from a defense export contract worth approx KRW 640.6 billionawarded HD HHI in April 2024. The project, realized through cooperation between the Korean government and private companies under the “Team Korea” initiative, is considered a model for K-Defense’s global expansion.

“This marks a very important turning point in history Peru’s shipbuilding industry,” he said Peru’s President Dina Boluarte. “We expect that this project with HD HHI will promote modernization Peruvian Navy and contribute to the nation’s economic growth.”

“This ceremony marks the beginning of K-Defense’s entry into the Latin America,” he said Joo Won-hohead Business units for marine and special vessels in HD HHI. “We are committed to leading this project to success through technological excellence and trust, strengthening defense cooperation between Korea and Peru.”

In an effort to deepen bilateral defense cooperation, HD HHI, in partnership with University of Ulsanwill host 12 engineers from the Peruvian shipyard SIMA on a two-week naval architecture training program January 13. The company also plans to improve local shipbuilding opportunities by expanding cooperation with Peruvian equipment suppliers.

Looking ahead, HD HHI aims to establish a global network of defense hubs through its Pan-Pacific Belt Vision. This strategy includes forming partnerships, building localized shipbuilding systems and standardizing technology transfer packages in key regions, including Peru, Philippines, Saudi Arabiaand United States.