HK Panel Systems

National Construction Appreciation Week 2026 is observed from September 14 to September 18, celebrating the contributions of construction professionals across the United States.

Thank you to our HK team and partners who make our projects possible.

📊 Industry Pulse: What the Latest Numbers Tell Us
The data is in, and it's telling an interesting story. Nationally, the U.S. Census Bureau reports nonresidential construction spending ticked up just 0.1% in April — private nonresidential spending has now slowed for seven straight months, while public projects and data centers (up nearly 28% year-over-year) are picking up the slack.

Closer to home, Philadelphia's industrial market is heating up. The city's under-construction pipeline jumped 35% in a single month to 8.7 million square feet, fueled by major projects. Vacancy and sales activity are climbing too, even as the national vacancy rate holds steady.

For BSI, this tracks with what we're seeing in the field: strong momentum in industrial and institutional work, balanced against a more selective commercial landscape. We're proud to be building right in the middle of it — from the Liberty Coca-Cola Production Center and the Navy Yard to the new Pennsbury High School.

Source: U.S. Census Bureau: https://www.census.gov/construction/c30/current/index.html

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ITS OFFICIAL: HK is the basis of design for our metal panels. Nice work team. Look how far we have come. I'm very proud.

With Women's Business Enterprise Center East – I just got recognized as one of their top fans! 🎉

South Korean defense giant Hanwha Group has acquired Hanwha Philly Shipyard (formerly Philly Shipyard) in Philadelphia, marking one of the largest foreign investments in the U.S. shipbuilding industry. The move is expected to bring South Korea's globally recognized commercial shipbuilding expertise to the United States, where naval production has struggled with labor shortages, rising costs, and construction delays.

As the U.S. Navy seeks to expand and modernize its fleet to keep pace with China's rapidly growing naval capabilities, Hanwha plans to invest in advanced manufacturing, automation, and workforce development to increase shipbuilding capacity. While the Philadelphia yard does not currently build frontline Navy destroyers or aircraft carriers, the acquisition is viewed as an important step toward strengthening America's broader maritime industrial base and supporting future naval programs.

With South Korea operating one of the world's most efficient shipbuilding industries, defense analysts see the partnership as a strategic effort to improve U.S. ship production speed while reinforcing cooperation between two key Indo-Pacific allies.

Source: Hanwha Group / U.S. Naval Institute (USNI News), 2026