Hanjin Heavy targets sales of W2.5 trillion
Hanjin Heavy Industries & Construction Co., which spun out of Hanjin Group last October, targets 2.5 trillion won in sales this year, up from 2.2 trillion won in 2005.
Aiming to see sales of 1.3 trillion won in shipbuilding and 1.2 trillion won in construction, the world's eighth largest shipbuilder in back order volume plans to announce a new corporate image next month to mark its beginning as a shipbuilding and construction giant.
"Many people still think of us as part of Hanjin Group," said a Hanjin Heavy official.
"We will replace the 'H' mark with a new one to give it a separate identity."
Hanjin Heavy said last week that it will invest 700 billion won ($720 million) in building a shipyard in the Philippines by 2016. Liquefied natural gas carriers and very large crude carriers will be built on the 700,000 pyeong (2.3 million square meters) shipyard in Subic Bay, two hours drive from the capital Manila.
Hanjin Heavy also plans to spend 200 billion won in its Youngdo shipyard in Busan to build more LNG vessels and eyes Daewoo Shipbuilding & Marine Engineering Co. which is scheduled to go on sale early next year.
"Although governmental decision is necessary, we are willing to buy Daewoo Shipbuilding if it is sold at below 2 trillion won," said the Hanjin official.
Hanjin Heavy is bullish on building apartments as well. The company, which formerly concentrated on infrastructures such as the Incheon International Airport, plans to launch new apartment brands.
"We will enter the apartment business this year to compete against leading construction companies," said Kim Jeong woong, president of Hanjin Heavy's construction division.
By Kim So hyun, Korea Herald
Aiming to see sales of 1.3 trillion won in shipbuilding and 1.2 trillion won in construction, the world's eighth largest shipbuilder in back order volume plans to announce a new corporate image next month to mark its beginning as a shipbuilding and construction giant.
"Many people still think of us as part of Hanjin Group," said a Hanjin Heavy official.
"We will replace the 'H' mark with a new one to give it a separate identity."
Hanjin Heavy said last week that it will invest 700 billion won ($720 million) in building a shipyard in the Philippines by 2016. Liquefied natural gas carriers and very large crude carriers will be built on the 700,000 pyeong (2.3 million square meters) shipyard in Subic Bay, two hours drive from the capital Manila.
Hanjin Heavy also plans to spend 200 billion won in its Youngdo shipyard in Busan to build more LNG vessels and eyes Daewoo Shipbuilding & Marine Engineering Co. which is scheduled to go on sale early next year.
"Although governmental decision is necessary, we are willing to buy Daewoo Shipbuilding if it is sold at below 2 trillion won," said the Hanjin official.
Hanjin Heavy is bullish on building apartments as well. The company, which formerly concentrated on infrastructures such as the Incheon International Airport, plans to launch new apartment brands.
"We will enter the apartment business this year to compete against leading construction companies," said Kim Jeong woong, president of Hanjin Heavy's construction division.
By Kim So hyun, Korea Herald
posted by OlongapoCity Zambales at
11:09 AM
0 Comments:
Post a Comment
<< Home