A spokesman for Hyuandai told the Financial Times that the Onsan plant in South Korea - the smaller of Hyundai's two rig-building yards - will be closed at the end of the first quarter of this year.
"We don't have enough offshore plant work to run the second factory in Onsan so we've decided to shut it down from the end of March until we have new orders," the FT quoted the spokesman as saying.
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