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Tue, Nov

Glovis grows presence in container market with new Busan facility

Container News
Glovis grows presence in container market with new Busan facility

Hyundai Glovis, Hyundai Motor’s transportation arm, has taken another step towards expanding its logistics portfolio, agreeing to invest US$126 million to build a container yard and integrated logistics centre in South Korea’s Busan New Port.

The land for the facility in the port’s Ungdong District hinterland complex is 94,938 square metres, equivalent to 13 football fields.

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