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HD Hyundai started its shipbuilding business in a small village in Ulsan, South Korea, in 1972 and grew into a global heavy industries company. It is a major supplier in the heavy industries and energy sector, ranging from shipbuilding and marine engineering to oil refining, petrochemicals, and smart energy management businesses.
In 1977, the Heavy Electrical Equipment Division of Hyundai Heavy Industries was established. [1] The following year, it began producing transformers, and in November of that year, it became independent as Hyundai Heavy Electric (현대중전기). In 1993, it was merged into Hyundai Heavy Industries and took the form of the Heavy Electricity ...
HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. [5] In 2002, the company was spun-off from its parent company. [ 6 ] HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery.
Hyundai cars are also assembled in Egypt using CKD kits. The local manufacturer is GB Corp, which is located in Cairo. Their 58,000 sq.m factory possesses an estimated annual production capacity of 50,000 to 75,000 vehicles. Formerly, the company assembled vehicles such as the Verna and Hyundai Elantra HD.
Hyundai is a former South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups: Hyundai Group , parts of the former conglomerate which have not been divested Hyundai Asan , a real estate construction and civil engineering company
In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial company of the Hyundai Group, was established by Chung Ju-yung. [3] Hyundai Construction began operating outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam. [4] In 1950, Hyundai Togun was renamed Hyundai Construction. In 1958 ...
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HD Hyundai Mipo (abbreviated: HMD; [1] Korean: HD현대미포) is one of the largest shipbuilding companies with the world's largest share (50%) in PC (Product Carrier) segment. Since the 1980s, more than 10,000 ships were repaired and converted until 2005 and 400 newly ordered ships were delivered until 2009.