Friday, March 23, 2012

Hyundai "Revenue $100bn by 2015"

Hyundai Heavy Industries of South Korea had its 40th anniversary ceremony, one day ahead and made a resolution to fresh takeoff, on March 22.

Hyundai revealed mid-term vision to jump into all-around heavy industry corporation, with targeted KRW 100trn ($88.6bn) of turnover by 2015, which would have increased by 50% compared with KRW 66trn in 2011.

To achieve the target, the Ulsan-based company would secure growth engine by business diversification, establish global management system, cooperation with its subsidiaries, etc.

Hyundai, started with shipbuilding business in 1972, now has seven divisions - shipbuilding, offshore & engineering, industrial plant & engineering, engine & machinery, electro electric systems, green energy and construction equipment.

Also, Hyundai Heavy Industries group is composed of many affiliated companies in finance, energy, etc.

President Lee Jai-Seong emphasized, "We all should concentrate our will and ideas to jump into another 40 years."

Published : March 22, 2012

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