Hyundai Heavy Industries Group Signs MOU with KEPCO for Pet-coke Power Plant Businesses 2017.06.29
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, and its oil refining affiliate Hyundai Oilbank today signed an MOU with Korea Electric Power Corporation (KEPCO), the state-run utility, to jointly develop overseas pet-coke based power plant businesses.
Pet-coke or petroleum coke is a carbon-rich solid byproduct that derives from oil refining processes. It is an economical energy source but it requires special equipment, CFBC (Circulating Fluidized Bed C
HSHI and IMM Private Equity Agree to Increase Pre-IPO Investment to KRW 400 Billion 2017.06.08
Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), announced today it and IMM Private Equity, a leading Korean private equity firm, agreed to increase the pre-IPO investment to KRW (hereinafter ‘won’) 400 billion.
In April this year, HSHI and IMM Private Equity signed an agreement under which, HSHI will issue 5.36 million new convertible preferred shares and IMM Private Equity will pay 300 billion won
Hyundai Heavy Industries Group’ Ship Order Jumps 500% in January-May Period 2017.06.01
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced today that it won 62 ships worth $3.8 billion for January-May period this year, which is a 500% plus increase for the comparable period last year when it clinched 12 ships worth $1 billion.
In May alone, HHI Group netted 20 ships worth $1.3 billion, and the total number and value of ships HHI Group won in May can be increased to 29 ships and $1.9 billion if all the options