Hyundai Heavy Industries

Short description: South Korean shipbuilding and heavy equipment company

[ ⚑ ]  35°31′07″N 129°26′21″E﻿ / ﻿35.518747°N 129.4390652°E﻿ / 35.518747; 129.4390652

Hyundai Heavy Industries
Co., Ltd.

HHI shipyard and cranes in Ulsan

Native name

| 현대중공업 주식회사
Type| Public
Industry| Shipbuilding
Defense
Machine
Founded| Ex-HHI (now KSOE): 1972; 54 years ago (1972)
new HHI: 2019; 7 years ago (2019)
Founder| Chung Ju-yung
Headquarters|

Ulsan

South Korea

Number of employees

| 27,000 (2016)
Parent| Korea Shipbuilding & Offshore Engineering (KSOE)
Website| english.hhi.co.kr
Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd. (HHI; Korean: 현대중공업 주식회사; RR: Hyeondae Junggongeop Jusik Hoesa) is the world's largest shipbuilding company and a major heavy equipment manufacturer.[1][2] Its headquarters are in Ulsan, South Korea .

## Contents

* 1 History
* 2 Products
* 2.1 Shipbuilding
* 2.2 Offshore & Industrial Plant Engineering
* 2.3 Naval & Special Ships
* 2.4 Engine & Machinery
* 3 See also
* 4 References
* 5 External links

## History

HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships.[3] In 2002, the company was spun-off from its parent company.[4] HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service.[5]

The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung.[6] Another widely known and closely related South Korea company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung.

The name is an informal romanisation of the Korean 현대 (hyeondae) meaning "contemporary", which was Chung's vision for the group of companies that he founded.

## Products

### Shipbuilding

* Crude oil tankers (Very Large Crude Carriers)
* Shipping container carrier ships
* Shipping exclusive container carrier cranes
* Oil and natural gas drilling ships
* Liquified natural gas carrier ships
* Liquified Petroleum Gas Carriers (LPG) including Very Large Gas Carriers (VLGC)

### Offshore & Industrial Plant Engineering

* Offshore oil and gas rig engineering and construction
* Oil and gas storage and delivery vessel construction (FPSO)
* Heavylift ship barge and ship transport vessels (Semi-submersible) building

### Naval & Special Ships

* Naval vessels, with optional Skybench technology

### Engine & Machinery

* Marine Engine & Machinery
* Engine Power Plants

* A HHI LNG carrier

* A HHI drillship

* A HHI FPSO

* A HHI naval vessel

* A HHI submarine

## See also

* List of shipbuilders and shipyards
* Ulsan Hyundai FC, a South Korean football club owned by Hyundai Heavy Industries

## References

1. ↑ "Bloomberg.com". 2009-01-19. https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aau_Zeq74Z9k.
2. ↑ "HHI Constructs World's Best Ship for 26 Years Straight". http://news.mk.co.kr/outside/view.php?year=2008&no=703877.
3. ↑ Steers, Richard (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. Routledge. p. 96. ISBN 978-0-415-92050-6. https://books.google.com/books?id=UecUDMPIUIUC&q=Made+in+Korea:+Chung+Ju+Yung+and+the+Rise+of+Hyundai.
4. ↑ "Welcome to Hyundai Heavy Industries". https://english.hhi.co.kr/about/glance.
5. ↑ Hyundai Heavy Industries Spins Off into Six Separate Companies Marine Insight News. Nov. 18, 2016. Downloaded Nov. 3, 2017.
6. ↑ "The last emperor". The Economist. 4 February 1999. http://www.economist.com/node/185337.

## External links

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