Hyundai Heavy Industries

HD Hyundai Heavy Industries Co., Ltd. (HHI; ) is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea.

History

HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. In 2002, the company was spun-off from its parent company. HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service.

The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung. The company has a partnership with Capital Product Partners to create four specialized ships with equipment for ocean-based carbon capture and storage to be delivered in 2025 and 2026 and at a cost of $300 million.

The name is an informal romanisation of the Korean (''hyeondae'') meaning "contemporary" or "modern", which was Chung's vision for the group of companies that he founded.

On 11 July 2024, Hyundai Heavy Industries became the first Korean shipbuilder to sign a master ship repair agreement (MSRA) with Naval Supply Systems Command (NAVSUP), qualifying to participate in the U.S. Navy's MRO business.

The company built the launch pad system for South Korea's rocket Naro-1 (KSLV-I) in 2013. It later manufactured the Nuri (KSLV-II) launch pad.

Products

Shipbuilding

* Crude oil tankers ( Very Large Crude Carriers)
* Shipping container carrier ships
* Shipping exclusive container carrier cranes
* Oil and natural gas drilling ships
* Liquified natural gas carrier ships
* Liquified Petroleum Gas Carriers (LPG) including Very Large Gas Carriers (VLGC)

Offshore and industrial plant engineering

* Offshore oil and gas rig engineering and construction
* Oil and gas storage and delivery vessel construction ( FPSO)
* Heavylift ship barge and ship transport vessels (Semi-submersible) building

Naval and special ships

* Destroyer
* Frigate
* Corvette
* Patrol vessel
* Auxiliary vessel
* Attack submarine

Engine and machinery

* Marine Engine & Machinery
* Engine Power Plants

Aerospace

* Rocket launch pad

Corporate governance

As of 2025

Gallery

File:Independence ship.png, A HHI LNG carrier
File:Deepwater Champion (5443740072).jpg, A HHI drillship
File:Goliat FPSO.jpg, A HHI FPSO
File:2008년9월27일 해군 세종대왕함기동 (1) (7193823614).jpg, A HHI naval vessel
File:ROKS Yun Bonggil (SS 077) 190605-N-SS370-0143.jpg, A HHI submarine
File:KSLV-II at the launch pad CGI Render 02.jpg, KSLV-II lanuch pad

See also

* List of shipbuilders and shipyards
* Defense industry of South Korea
* Ulsan HD FC, a South Korean football club owned by HD Hyundai Heavy Industries

References

External links

*

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Companies based in Ulsan
Manufacturing companies established in 1972
Companies listed on the Korea Exchange
Companies in the KOSPI 200
Engineering companies of South Korea
Heavy industry
Hyundai Heavy Industries Group
Shipbuilding companies of South Korea
Defence companies of South Korea
South Korean brands
South Korean companies established in 1972
Diesel engine manufacturers
Marine engine manufacturers
Gas engine manufacturers
Engine manufacturers of South Korea
Construction equipment manufacturers
Forklift truck manufacturers