SEOUL, Sept. 11 (Korea Bizwire) –Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business. Hyundai E&C, South Korea’s No. 2 builder, didn’t disclose the amount of its investment in [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Engineering & Construction Co. (Hyundai E&C), South Korea’s No. 2 builder, has placed 11th among global construction companies in terms of overseas sales, an industry report showed Tuesday. Hyundai E&C posted US$6.83 billion in overseas sales in 2022, up 18.6 percent from a year earlier and the 11th-largest [...]
SEOUL, Aug. 1 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s No. 2 builder, said Tuesday it has bagged a US$145 million order to lay power transmission lines in Saudi Arabia. The deal, signed with a Saudi state power company, calls for building 207 kilometers of a 525-kilovolt, 605-km transmission line between Saudi [...]
SEOUL, June 25 (Korea Bizwire) – Hyundai Engineering & Construction Co. has signed an agreement with Saudi Arabia’s state oil company Aramco to build a mega petrochemical plant in the east of the Middle Eastern country, Seoul’s land ministry said Sunday. The US$5 billion Amiral project aims to establish a facility to manufacture basic petrochemical [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s leading builder, has developed new technology that ensures smoother communication between inside and outside tunnels. The company announced on Tuesday that its “TV white-space (TVWS) serious industrial disaster prevention solution for underground tunnels” was designated as a regulatory sandbox case by the [...]
SEOUL, Sept. 18 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s leading builder, said Sunday it has received a 1.9 trillion-won (US$1.4 billion) railway order in the Philippines. Hyundai E&C will build a 56-kilometer railway connecting the capital city of Manila to the southern city of Calamba in the next six years, the [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major South Korean builder, said Thursday it had been selected as the main research and development institution in charge of the national project in the Ministry of Science and ICT’s carbon capture and utilization field. This project aims to optimize and demonstrate a [...]
SEOUL, May 17 (Korea Bizwire) — Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year. To that end, Hyundai E&C recently signed a memorandum of understanding with local digital entertainment provider Sandbox Network on mutual exchange and [...]
SEOUL, March 31 (Korea Bizwire) — Major builder Hyundai Engineering & Construction Co. is set to make a foray into the U.S. nuclear decommissioning business for the first time among South Korean companies. The company announced on Wednesday that it had signed a teaming agreement, including project management contract for the Indian Point nuclear plant [...]
SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major builder in South Korea, said Tuesday that it had developed an automatic monitoring system to manage the status of temporary structures and ground conditions at construction sites in real-time to prevent collapses. Currently, temporary structures at construction sites go through manual instrumentation [...]