Company:Hyundai Heavy Industries

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Short description: South Korean shipbuilding and heavy equipment company

[ ⚑ ] 35°31′07″N 129°26′21″E / 35.518747°N 129.4390652°E / 35.518747; 129.4390652

Hyundai Heavy Industries
Co., Ltd.
Native name
현대중공업 주식회사
TypePublic
IndustryShipbuilding
Defense
Machine
FoundedEx-HHI (now KSOE): 1972; 52 years ago (1972)
new HHI: 2019; 5 years ago (2019)
FounderChung Ju-yung
Headquarters
Ulsan
,
Number of employees
27,000 (2016)
ParentKorea Shipbuilding & Offshore Engineering (KSOE)
Websiteenglish.hhi.co.kr
Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd. (HHI; Korean현대중공업 주식회사; RRHyeondae Junggongeop Jusik Hoesa) is the world's largest shipbuilding company and a major heavy equipment manufacturer.[1][2] Its headquarters are in Ulsan, South Korea .

History

HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships.[3] In 2002, the company was spun-off from its parent company.[4] 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.[5]

The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung.[6] 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 name is an informal romanisation of the Korean 현대 (hyeondae) meaning "contemporary", 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

  • Naval vessels, with optional Skybench technology

Engine & Machinery

  • Marine Engine & Machinery
  • Engine Power Plants

See also

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

References

External links