Hyundai Heavy Industries

Infobox_Company
company_name = Hyundai Heavy Industries Co., Ltd.
company_
company_type = Public (traded on the Korea Stock Exchange
company_slogan = Once a customer, always a customer"
foundation = 1973
location = flagicon|South KoreaUlsan, South Korea
key_people = Chung Mong-joon
Choi, Kil-Sun
area_served = Worldwide
industry = Shipbuilding
net_income = profit $8.9 billion ( [2003] )Infobox Korean name
hangul=현대중공업 (주)
hanja=現代重工業(株)
mr=Hyŏndae Chunggongŏp
rr=Hyeondae Junggongeop

Hyundai Heavy Industries Co., Ltd. kse|009540 (HHI) is the world's largest shipbuilder company, headquartered in Ulsan, South Korea. The company is a subsidiary of Hyundai Heavy Industries Group.

Introduction

Hyundai Heavy Industries is the world's largest shipbuilder, a major builder of Floating Production Storage and Offloading (FPSO) vessels, one of the fastest growing companies in construction equipment.

Divisions

*Shipbuilding
*Offshore & Engineering
*Industrial Plant & Engineering
*Construction Equipment
*Electro Electric Systems
*Engine & Machinery

Products

HHI produces tankers, bulk carriers, containerships, gas and chemical carriers. Ships built by Hyundai include the iron ore carrier "Berge Stahl", which at 364,768 dead weight tons is one of the world's largest bulk haulers. The company makes ship engines, provides offshore oil and gas drilling platforms, and undersea pipelines.

Furthermore, the company produces a wide array of powerplant products, construction equipment, and industrial robots. The construction equipment is sold all over the world and include mini-excavators, crawler excavators, wheeled excavators, wheel loaders, skid steer loaders and forklift trucks (diesel, lpg and battery powered). It is the market leader in China for excavators.

Solar

Hyundai Heavy Industries has moved ahead more rapidly in the solar panel manufacturing space. In May it announced plans to invest 300 billion won ($270 million) in the expansion of its solar panel and solar cell production line by 2009, and last year completed a $30 million, 20-megawatt solar panel plant in Umsung, South Korea [http://www.greentechmedia.com/articles/lg-plots-solar-partnership-with-conergy-1395.html] .

In February 2008, China's LDK Solar announced it had signed an eight-year deal to supply HHI with a total of 450 megawatts of solar wafers, and in June Germany's centrotherm photovoltaics AG said it would supply HHI with five solar cell manufacturing lines with a total capacity of 250 megawatts [http://www.greentechmedia.com/articles/lg-plots-solar-partnership-with-conergy-1395.html] .

History

The company was founded by Chung Ju-yung on March 23, 1972.

It was spun off from the Hyundai Group in February 2002.

Affiliated companies

*Hyundai Samho Heavy Industries(HSHI)
*Hyundai Mipo Dockyard (HMD)
*Hyundai Venture Investment
*Hyundai Futures
*Hyundai Finance

Competitors

*Aker Kværner
*General Dynamics
*Samsung Heavy Industries
*Daewoo Shipbuilding & Marine Engineering(DSME)
*STX Shipbuilding

ee also

* Hyundai
* Hyundai Motor Company, a division of Hyundai Motor Group
* Hyundai Asan, a division of Hyundai Group
* Hyundai Engineering and Construction, a division of Hyundai Development Group
* Hyundai Department Store Group
* Hyundai Development Group
* Hyundai Electronics, renamed as Hynix in 2001
* List of Korea-related topics
* List of shipbuilders and shipyards

External links

* [http://english.hhi.co.kr Hyundai Heavy Industries (HHI) English website]
* [http://www.hhi.co.kr Hyundai Heavy Industries (HHI) Korean website]
* [http://ce.hhi.co.kr/newpage/hyundai_eng/index.asp HHI Construction Equipment]
* [http://www.hmd.co.kr Hyundai Mipo Dockyard Co., Ltd (HMD)]