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