Hanwha announces $5 billion Philly Shipyard investment as part of South Korea’s commitment to US shipbuilding growth

URLhttps://www.hanwha.com/newsroom/news/press-release
SourceHanwha
Date Published08/27/2025

Additional Reshoring Information:

Company/Division name Hanwha Philly Shipyard
Parent companyHanwha Philly Shipyard
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2025
Capital investment ($):5000
Country(ies) from which reshored:Korea, South
City reshored to:Philadelphia
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredship building
What domestic positive factors made reshoring more attractive?Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity
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