News and Updates on Hyundai Heavy Industries Group
HHI Group Passed the First Threshold for Merger with DSME
Hyundai Heavy Industries (HHI) Group has received unconditional approval for the merger with Daewoo Shipbuilding & Marine Engineering (DSME) from the competition authority of Kazakhstan. This is the first approval granted by international competition authorities for this transaction.
HHI Wins Contract for New Aegis Destroyer
Hyundai Heavy Industries (HHI) announced on Thursday that it has signed with the Defense Acquisition Program Administration (DAPA) a KRW 670 billion contract for product engineering and construction for the first vessel of the Gwanggaeto the Great-class III batch-II.
HHI Demonstrates New LNG System at Gastech
Hyundai Heavy Industries (HHI) said it received a General Approval from UK’s LR (Lloyd's Register) for its own LNG cargo tank named HiMEX at Gastech – a leading exhibition for the global gas, LNG and energy industries – held from September 17 to 19 in Houston, Texas, USA.
HHI Enters India’s Emergency Power Generator Market
HiMSEN engine, a medium-sized engine developed by Hyundai Heavy Industries (HHI) has entered India’s nuclear power plant market, stepping up HHI’s presence in the nuclear power market worldwide.
HHI Group Files Request for Approval on Business Combination with DSME
Hyundai Heavy Industries (HHI) Group has officially applied for approval on the business combination with Daewoo Shipbuilding & Marine Engineering (DSME), a key process for the planned acquisition.
HHI’s Split-up Approved at Extraordinary Shareholders’ Meeting
Hyundai Heavy Industries (HHI) held an extraordinary general meeting in a gymnasium at the University of Ulsan on May 31 to approve the company’s split-up plan and appointment of inside directors for Korea Shipbuilding & Offshore Engineering (KSOE).
HHI Power Systems Wins USD 100M Order for Industrial Boilers
Hyundai Heavy Industries (HHI) Power Systems won its first order for large-scale industrial boilers since it was spun off from HHI into a separate company last year.
HHI Holdings Teams Up with KT to Enter 5G-based ‘Smart’ Business in Earnest
Hyundai Heavy Industries (HHI) Holdings said on Friday that it signed a memorandum of understanding (MoU) with KT Corporation to tie up for a 5G-based robot and ‘smart’ business at KT’s headquarters in Seoul. Present at the signing ceremony were Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings, and Hwang Chang-gyu, Chairman & CEO of KT, along with others.
HHI Group Partners Up with KEPCO to Lead DC Power Distribution Market
Hyundai Heavy Industries (HHI) Group is partnering up with Korea Electric Power Corporation (KEPCO) to develop technologies for direct current (DC) power distribution, a blue ocean market that is often dubbed “the next-generation power system.”
HCE Becomes First Korean Manufacturer of Autonomous Forklifts
Hyundai Construction Equipment (HCE) has become the first Korean company to develop driverless forklift trucks, set to hit the market this month.