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  September 5, 2001
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Home > Company Index > Manufacturing > Diversified Machinery > Daewoo Heavy Industries Ltd.

Daewoo Heavy Industries Ltd.
 PROFILE
Breaking up is hard to Daewoo. Part of South Korea's Daewoo Group "chaebol" (conglomerate), Daewoo Heavy Industries is being spun off by its parent and is shedding its shipbuilding and carmaking units. Remaining operations will include construction equipment (excavators and dozers), industrial vehicles (forklifts), diesel engines, power supply equipment (generator sets), machine tools, factory automation equipment, and defense products (armored vehicles and air defense weapons systems). Australian firm New Castle Heavy Industry plans to buy a controlling 30% of Daewoo's shipbuilding business. Ford was set to buy Daewoo Motors, but pulled out of the deal; GM/Fiat, and DaimlerChrysler/Hyundai are expected to bid.

 COMPETITION
Hyundai Heavy Industries Co., Ltd. (dossier)
Kawasaki Heavy Industries, Ltd. (KWHIY)
Samsung Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,625.00
Employees: 23,300
Revenue per employee: $198,497.85

 KEY PEOPLE
• Choo Ho-Suk
    CEO

 CONTACT INFO
541 Namdaemunno 5-ga, Chung-gu
Seoul, South Korea
Phone: 82-2-726-3114
Fax: 82-2-726-3307
Online: Web Site

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