News and Updates on Hyundai Heavy Industries Group
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.
Hyundai Robotics Showcases New Smart Factory Systems and Technologies
Hyundai Robotics, Hyundai Heavy Industries (HHI) Holdings’ robot business, is showcasing new smart factory systems and technologies at Korea’s biggest exhibition for smart factory and industrial automation.
HHI Group Signs Definitive Agreement to Acquire DSME
Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.
Hyundai Robotics Teams Up with POSCO ICT to Lead Smart Factory Market
Hyundai Heavy Industries (HHI) Holdings’ robot business has recently signed with POSCO ICT a memorandum of understanding (MoU) to develop smart factory solutions based on industrial robot technology at POSCO ICT’s headquarters in Pangyo, Gyeonggi Province of Korea. The signing ceremony was attended by COO of Hyundai Robotics (the representative brand of HHI Holdings’ robot business) Seo Yoo-seong and CEO of POSCO ICT Son Geon-jae, among others.
HCE to Commercialize Remote Diagnostic Service for Excavators
Hyundai Construction Equipment (HCE) will team up with Cummins Inc., the world’s leading engine maker headquartered in Indiana, USA, to commercialize a remote engine diagnostic service for excavators.
HHI Holdings Reports 2018 Consolidated Financial Results
Hyundai Heavy Industries (HHI) Holdings released on Thursday its consolidated financial results for 2018, highlighted by sales of KRW 27.2636 trillion and operating income of KRW 868.6 billion. For the fourth-quarter, sales were at KRW 7.4351 trillion, but operating income recorded a negative figure of KRW 156.7 billion in losses.
Hyundai Oilbank Secures Investment of Max. KRW 1.8 trillion
Hyundai Oilbank has successfully attracted investment from Saudi Arabia’s state-owned oil giant Aramco in the amount of up to KRW 1.8 trillion.