December 09, 2016 3:12 PM ET

Machinery

Company Overview of Hanjin Heavy Industries & Construction Co. Ltd.

Company Overview

Hanjin Heavy Industries & Construction Co., Ltd. provides shipbuilding, construction, and plant services in South Korea and internationally. The company builds commercial ships, such as container and gas carriers, tankers, bulk carriers, and special purpose ships; and special ships, including landing platform helicopters, landing ship tankers, patrol forces, offshore patrol/salvage vessels, and landing ship fast. It also provides construction and engineering services, which include construction of various infrastructure projects, such as bridges, dredging and harbors, roads and tunnels, subways and railways, landscape, and shipyards; and architectural works in the areas of housing, culture a...

233, Taejong-ro

Yeongdo-gu

Busan,  

South Korea

Founded in 1937

Phone:

82 51 410 3114

Fax:

82 51 410 8465

Key Executives for Hanjin Heavy Industries & Construction Co. Ltd.

Hanjin Heavy Industries & Construction Co. Ltd. does not have any Key Executives recorded.

Hanjin Heavy Industries & Construction Co. Ltd. Key Developments

Hanjin Heavy Bags $140 Million Order to Build Patrol Vessels for the Korean Navy

Hanjin Heavy Industries & Construction Co. has won a deal to build five 500-ton patrol vessels from the Korean Navy. According to the Public Procurement Service on October 17, 2016, Hanjin Heavy was chosen as a preferred bidder after offering to build the ships at KRW 158.9 billion ($140 million) last Friday. Separate order for one 3,000-ton and three 500-ton patrol ships worth KRW 180 billion fell through after failing to attract enough bids to meet workable competition provision for public procurements. The orders from the Navy that are both reliable and profitable drew keen interest from domestic shipyards hungry for new work.

Investors Reportedly Eyes To Acquire Hanjin Heavy Industries' Three Energy Units

Three power and energy subsidiaries of Hanjin Heavy Industries & Construction Co. Ltd. (KOSE:A097230) put up for sale as part of the company’s self-rescuing plan have drawn seven potential bidders in a heated bidding battle. According to the investment banking industry on August 4, 2016, Hanjin Heavy Industries and its deal arranging manager Mirae Asset Daewoo Co. received letters of intent from seven bidders in a preliminary auction for the sale of its three units are Daeryun E&S CO.,LTD., Daeryun Power Co., Ltd. and Byeollae Energy Co., Ltd. The seven bidders are IMM Investment Corp., Keystone Capital, Inc., KDB Infrastructure Investments Asset Management Co. EQ Partners, Meritz Securities Co., Ltd., Hana Financial Investment Co., Ltd. and Mirae N Co., Ltd. The sale organizer will shortlist preferred bidders by Wednesday next week and conduct due diligence for six weeks until September 23, 2016. The deal is expected to be completed by late October 2016. An industry source familiar with the matter said that as Daeryun E&S has a steady cash flow and Daeryun Power and Byeollae Energy have built a solid footing in the country’s power market, they have successfully attracted many private equity firms to the bid.

Hanjin Heavy Industries & Construction Co. Ltd., Special/Extraordinary Shareholders Meeting, Jul 08, 2016

Hanjin Heavy Industries & Construction Co. Ltd., Special/Extraordinary Shareholders Meeting, Jul 08, 2016, at 09:00 Korea Standard Time.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 24, 2016
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