January 21, 2017 11:52 PM ET

Construction and Engineering

Company Overview of Hanwha Engineering & Construction Corp.

Company Overview

Hanwha Engineering & Construction Corp. operates as a construction company in South Korea. The company undertakes the construction of chemical, petrochemical, power, and environmental and industrial plants; civil work projects, such as roads, pipelines and ports, and bridges/tunnels/subways; commercial buildings, including office, leisure, retail and sales, medical and educational, and special facilities; and residential projects consisting of apartments, officetels, and mixed-use complexes. It also offers landfills/site development, water treatment and land purification, and renovation services Hanwha Engineering & Construction Corp. was founded in 1978 and is based in Seoul, South Korea.

Industries Building

24, Yeoui-daero

Yeongdeungpo-gu

Seoul,  150-881

South Korea

Founded in 1978

Phone:

82 2 2055 6000

Key Executives for Hanwha Engineering & Construction Corp.

Chief Executive Officer
Age: 66
Chief Executive Officer
Age: 64
Chief Executive Officer
Age: 65
Chief of Finance Department and Deputy Managing Director
Age: 59
Senior Managing Director and Director of Business Development Division
Age: 58
Compensation as of Fiscal Year 2016.

Hanwha Engineering & Construction Corp. Key Developments

Sinopec Engineering (Group) Co., Ltd., Spanish Tecnicas Reunidas, S.A. and Korean Hanwha Engineering & Construction Corp. Enters into Package Contract of Engineering, Procurement and Construction with Kuwait National Petroleum Company

The board of directors of SINOPEC Engineering (Group) Co., Ltd. announced that on October 13, 2015, a consortium formed by the company, Spanish Tecnicas Reunidas, S.A. and Korean Hanwha Engineering & Construction Corp. officially entered into a package contract of engineering, procurement and construction (EPC) with Kuwait National Petroleum Company (KNPC) for its new AL-Zour refinery project in Kuwait. The company received the letter of award with respect to the Contract on July 30, 2015. The work scope of the Consortium under the Contract includes an atmospheric distillation unit of ten million tons per annum (Mtpa), a residue hydro-treating unit of 5 Mtpa, a diesel hydro-treating unit of 3 Mtpa, a naphtha hydro-treating unit of 1 Mtpa, a kerosene hydro-treating unit of 2.5 Mtpa, a set of heavy oil recycling unit and a set of saturated gas processing unit.

Kuwait National Petroleum Co Provides $4.25 Billion Contract to Tecnicas Reunidas, Sinopec Engineering and Hanwha Engineering and Construction Corp

Kuwait National Petroleum Co it awarded four contracts worth $11.5 billion to international consortia to build a 615,000 barrel per day refinery. A $4.25 billion contract for the main manufacturing units went to Spain's Tecnicas Reunidas, Sinopec Engineering and South Korea's Hanwha Engineering and Construction Corp.

Hanwha E&C Wins $2.1 Billion Deal from the Iraqi Government for Construction of Basic Infrastructure Such as Schools, Hospitals, Gas Stations and Bus Terminals in the Bismayah New City Project

Hanwha E&C announced that it has won a deal worth $2.1 billion from the Iraqi government for the construction of basic infrastructure such as schools, hospitals, gas stations and bus terminals in the Bismayah New City project. The government will pay 10% of the deal within the first 60 days after the agreement is inked and the balance as the work is completed. Hanwha has been inking deals to design and build Bismayah New City, an 18.3 million square meter (4,448 acre) area 10 kilometers (6 miles) southeast of Baghdad, since 2012. The size of the new city will be similar to the Bundang District of Seongnam, Gyeonggi.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 21, 2016
Hanwha America Development LLC
Merger/Acquisition
October 21, 2016
32-14, Seoulsup 2-gil, Seongdong-gu, Seoul, Korea
Private Placement
August 2, 2016
South-Seoul LRT Co., Ltd.
 

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