News and Updates on Hyundai Heavy Industries Group
HHI Holdings to Repurchase Shares for Cancellation for 1st Time since Founding
Hyundai Heavy Industries (HHI) Holdings is making all-out efforts to generate greater shareholder value. At the board meeting held on February 6, HHI Holdings resolved to buy back 488,000 of its own shares for cancellation as part of its determined efforts to return more to shareholders. Valued at KRW 129.3 billion, this would account for 3% of the company’s total outstanding shares.
HMD Wins Newbuilding Order for 4 Mid-sized Container Ships
Hyundai Mipo Dockyard (HMD) is actively marking its presence in the global market for medium-sized container ships, propelled by superior technical capabilities in building eco-friendly ships.
HHI Group to Boost Robot Business Sales to KRW 1 trillion within 5 Years
Hyundai Heavy Industries (HHI) Group has announced its goal of achieving annual sales of KRW 1 trillion in robot business by 2024, one of the group’s future growth engines.
HHI Group Promotes Vice Chairman Kwon Oh-gap to Chairman
Hyundai Heavy Industries (HHI) Group promoted Vice Chairman Kwon Oh-gap to Chairman on November 19.
HHI Launches 2nd Cutting-Edge Frigate for Philippines
Hyundai Heavy Industries (HHI) held on November 8 a launching ceremony of the second state-of-the-art frigate built for the Philippines at its Ulsan-based headquarters.
HHI Group Accelerates Smart Factory Advancement with KT
Hyundai Heavy Industries (HHI) Group said on November 7 that it held a presentation with KT to share the results of the two parties’ 5G-based business cooperation at the Novotel Ambassador Seoul Dongdaemun Hotel.
HHI Group Passed the First Threshold for Merger with DSME
Hyundai Heavy Industries (HHI) Group has received unconditional approval for the merger with Daewoo Shipbuilding & Marine Engineering (DSME) from the competition authority of Kazakhstan. This is the first approval granted by international competition authorities for this transaction.
HHI Wins Contract for New Aegis Destroyer
Hyundai Heavy Industries (HHI) announced on Thursday that it has signed with the Defense Acquisition Program Administration (DAPA) a KRW 670 billion contract for product engineering and construction for the first vessel of the Gwanggaeto the Great-class III batch-II.
HHI Demonstrates New LNG System at Gastech
Hyundai Heavy Industries (HHI) said it received a General Approval from UK’s LR (Lloyd's Register) for its own LNG cargo tank named HiMEX at Gastech – a leading exhibition for the global gas, LNG and energy industries – held from September 17 to 19 in Houston, Texas, USA.
HHI Enters India’s Emergency Power Generator Market
HiMSEN engine, a medium-sized engine developed by Hyundai Heavy Industries (HHI) has entered India’s nuclear power plant market, stepping up HHI’s presence in the nuclear power market worldwide.