Hyundai Heavy Industries’ Spin-off Plan Gains Shareholders’ Approval 2017.02.27
At a shareholders’ meeting held on February 27 in Ulsan, HHI shareholders gave green light for its spin-off plan to split into four independent companies, and the nomination of members of audit committee for the three newly established companies.
With the approval of the demerger plan, HHI and its three new independent companies are now positioned to focus on their respective businesses. Moreover, the spin-off can greatly improve its financial soundness by low
Hyundai Global Services Enters into Eco-friendly Ship Services Business with KSS Line 2017.02.20
Hyundai Global Services (HGS), Hyundai Heavy Industries’ (HHI) newly spun-off company specializing in providing total marine services announced today it signed an MOU with KSS Line, a Korean shipping company, for entering into eco-friendly ship business.
Under the MOU, two companies join forces to retrofit the medium-sized LPG carriers owned by KSS Line with Exhaust Gas Cleaning System. Ships equipped with the cleaning system will be able to meet the IMO&rsquo
Hyundai Heavy Industries Posts Consolidated 2016 Full Year Earnings of KRW 1.6419 Trillion 2017.02.09
Hyundai Heavy Industries (HHI) issued today a public disclosure of its consolidated 2016 full year earnings of 1.6419 trillion Korean won (hereinafter referred to as ‘won’), surpassing the trillion won mark in four years.
While HHI witnessed a drop in revenues to 39.3173 trillion won in year-over-year (YoY) terms, its operating income turned a profit to 1.6419 trillion won.
HHI also announced consolidated 4Q 2016 results. Durin