Company:HD Hyundai Heavy Industries

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Short description: South Korean shipbuilding and equipment company
HD Hyundai Heavy Industries
Co., Ltd.
Native name
에이치디현대중공업 주식회사
TypePublic
Template:KRX
IndustryShipbuilding
Defense
Machine
FoundedEx-HHI (now KSOE): 1972; 52 years ago (1972)
new HHI: 2019; 5 years ago (2019)
FounderChung Ju-yung
Headquarters1000, Bangeojinsunhwando-ro, Dong-gu,
Ulsan
,
South Korea
Key people
Lee Sang-kyun (President & CEO)
RevenueIncrease ₩9.0455 trillion[1] (2022)
Decrease ₩−289.2 billion[1] (2022)
Decrease ₩−352.1 billion[1] (2022)
Total assetsIncrease ₩16.2894 trillion[1] (2022)
Total equityDecrease ₩5.2878 trillion[1] (2022)
Owner
Number of employees
12,800 (2023)[2]
ParentHD Korea Shipbuilding & Offshore Engineering
WebsiteOfficial website in English
Official website in Korean

HD Hyundai Heavy Industries Co., Ltd. (HHI; Korean: 에이치디현대중공업 주식회사; RR: Eichidi Hyeondae Junggongeop jusik hoesa) is the world's largest shipbuilding company and a major heavy equipment manufacturer.[3][4] Its headquarters are in Ulsan, South Korea .

History

HHI shipyard and cranes in Ulsan
HD Hyundai Heavy Industries

HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships.[5] In 2002, the company was spun-off from its parent company.[6] HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service.[7]

The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung.[8] Another widely known and closely related South Korea company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung. The company has a partnership with Capital Product Partners to create four specialized ships with equipment for ocean-based carbon capture and storage to be delivered in 2025 and 2026 and at a cost of $300 million.[9]

The name is an informal romanisation of the Korean 현대 (hyeondae) meaning "contemporary" or "modern", which was Chung's vision for the group of companies that he founded.

Products

Shipbuilding

  • Crude oil tankers (Very Large Crude Carriers)
  • Shipping container carrier ships
  • Shipping exclusive container carrier cranes
  • Oil and natural gas drilling ships
  • Liquified natural gas carrier ships
  • Liquified Petroleum Gas Carriers (LPG) including Very Large Gas Carriers (VLGC)

Offshore & Industrial Plant Engineering

  • Offshore oil and gas rig engineering and construction
  • Oil and gas storage and delivery vessel construction (FPSO)
  • Heavylift ship barge and ship transport vessels (Semi-submersible) building

Naval & Special Ships

  • Destroyer
  • Frigate
  • Corvette
  • Patrol Vessel
  • Auxiliary Vessel
  • Attack Submarine

Engine & Machinery

  • Marine Engine & Machinery
  • Engine Power Plants

Gallery

  • A HHI LNG carrier

  • A HHI drillship

  • A HHI FPSO

  • A HHI naval vessel

  • A HHI submarine

See also

  • List of shipbuilders and shipyards
  • Ulsan HD FC, a South Korean football club owned by HD Hyundai Heavy Industries

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 "HD HYUNDAI HEAVY INDUSTRIES 329180". FnGuide. 2022. Archived from the original on 26 January 2024. https://web.archive.org/web/20240126212604/https://comp.fnguide.com/SVO3/ASP/SVD_Main.asp?gicode=A329180. Retrieved 26 January 2024. 
  2. ↑ About HHI > At a Glance - HD Hyundai Heavy Industries
  3. ↑ "Bloomberg.com". 2009-01-19. https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aau_Zeq74Z9k. 
  4. ↑ "HHI Constructs World's Best Ship for 26 Years Straight". http://news.mk.co.kr/outside/view.php?year=2008&no=703877. 
  5. ↑ Steers, Richard (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. Routledge. p. 96. ISBN 978-0-415-92050-6. https://books.google.com/books?id=UecUDMPIUIUC&q=Made+in+Korea:+Chung+Ju+Yung+and+the+Rise+of+Hyundai. 
  6. ↑ "Welcome to Hyundai Heavy Industries". https://english.hhi.co.kr/about/glance. 
  7. ↑ Hyundai Heavy Industries Spins Off into Six Separate Companies Marine Insight News. Nov. 18, 2016. Downloaded Nov. 3, 2017.
  8. ↑ "The last emperor". The Economist. 4 February 1999. http://www.economist.com/node/185337. 
  9. ↑ Paris, Costas (January 31, 2024). "A New Solution for CO2 Emissions: Bury Them at Sea". The Wall Street Journal (News Corp). https://www.wsj.com/business/energy-oil/liquified-carbon-emissions-storage-ships-4f4f6e84. 

External links



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