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  • 5.36 Million Convertible Preferred Shares of HSHI Acquired by IMM Private Equity 2017.04.24

    Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), announced today it attracted 300 billion won investment via pre-IPO.


    Under the agreement HSHI signed with IMM Private Equity, a leading Korean private equity firm, HSHI will issue 5.36 million new convertible preferred shares and IMM PE will pay 300 billion won in total to acquire the shares at 56,000 won per share.


    That deal brings HSHI’s total market v

  • Hyundai Heavy Industries Group to Invest USD 3.1 Billion in R&D by 2021 2017.04.03

    Hyundai Heavy Industries (HHI) Group proclaimed today it will invest USD 3.1 billion in R&D by 2021 as it hails the first day as the four independent companies; Hyundai Heavy Industries; Hyundai Electric & Energy Systems; and Hyundai Construction Equipment; and Hyundai Robotics. Along with the investment announcement, HHI also unveiled Technology and Quality-Centered Management Strategy.

     

    Under the plan, the new HHI will invest USD 1.8 billion in developing e

  • Hyundai Heavy Industries Installs Regasification System Using Glycol at Newbuilding LNG FSRU
    Hyundai Heavy Industries Installs Regasification System Using Glycol at Newbuilding LNG FSRU 2017.03.31

    Hyundai Heavy Industries (HHI) announced today it held a demonstration ceremony for the installation of LNG regasification system using glycol at a 170,000 cbm LNG FSRU with the attendance of shipowers from home and abroad and major classification societies at its Ulsan shipyard.

     

    Since the glycol regasification process is free from saltiness unlike a system that uses seawater, it can minimize corrosion in major equipment including heat exchangers, and it can also lo