South Korea sweetens submarine bid, will manufacture armoured vehicles in Canada if chosen
The company says a joint venture with the Automotive Parts Manufacturers' Association would use Canadian labor, parts and materials for military vehicles.
- On Wednesday, South Korean manufacturer Hanwha announced a partnership with the Automotive Parts Manufacturers Association to build military and industrial vehicles in Canada, strengthening its bid for the Royal Canadian Navy's submarine contract.
- Earlier this month, Ottawa extended the procurement bidding process after determining that initial proposals from Hanwha and TKMS lacked sufficient economic and industrial benefits to support Canada's automotive sector.
- Hanwha proposes a "sovereign Canadian automotive business unit" to produce non-commercial industrial vehicles using Canadian labour, steel, and aluminum for military and government operations.
- Prime Minister Mark Carney's government requested these industrial pledges to support domestic automotive workers; the submarine contract is valued between $60 billion and $120 billion over its life cycle.
- Canada aims to field its first new submarine by 2032, with fleet sustainment accounting for 50 per cent of the evaluation criteria that will determine the winning bidder.
48 Articles
48 Articles
APMA and Hanwha announce conditional joint venture to manufacture military vehicles in Canada
Canada’s Automotive Parts Manufacturers’ Association (APMA) and South Korea–based Hanwha Corporation have announced a proposed joint venture to establish a new Canadian company focused on the domestic production of military and non-commercial industrial vehicles. According to a joint announcement issued April 29, the venture would produce vehicles in Canada using Canadian labour and domestically sourced materials, including steel and aluminum. …
Hanwha offers made-in-Canada military vehicles if it wins the submarine deal
South Korean defence manufacturer Hanwha says it's ready to build military vehicles in Canada in a partnership with the domestic auto sector, including mobile howitzers, rocket launch systems and infantry vehicles.
APMA And Hanwha Corp. Announce Canada-South Korea Joint Venture
Canada’s Automotive Parts Manufacturers’ Association (APMA) and South Korea’s Hanwha Corp. have announced a joint venture to establish a new Canadian entity with full capabilities to produce non-commercial industrial vehicles for Canada as well as heavy military vehicles for domestic and global markets. The new range of vehicles will reportedly be fully produced in Canada by Canadian workers with “Made in Canada” parts and materials, including s…
The South Korean manufacturer says he is ready to build artillery vehicles in Canada.
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