needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . march 2012 learn how and when to remove this template message hyundai samho heavy industries type public hangul hanja founded 1998 headquarters samhoeup yeongam south jeolla south korea area served worldwide key people byung wook oh ceo products ship crane & bulk handling system ocean plant & instrument number of employees 11 000 2011 parent hyundai heavy industries group website http www.hshi.co.kr hyundai samho heavy industries hangul hanja revised romanization hyeondae samho junggongeop mccune reischauer hy ndae samho chunggong p this article contains korean text . without proper rendering support you may see question marks boxes or other symbols instead of hangul and hanja . hyundai samho heavy industries co. ltd. english abbreviation hshi hangul hyundai samho junggongup hanja is the world s 4th largest shipbuilder and produces approximately 40 vessels per year . its yard is located in samho eup yeongam south korea . contents 1 history 2 achievements 3 products 3.1 ship building 3.2 industrial equipment 4 see also 5 references 6 external links history edit the company was first established with a name of incheon shipbuliding in 1977 as a subsidiary company of halla group . the founder of halla group was chung in young the younger brother of chung ju yung the founder of hyundai group the first ship building dock was constructed in incheon south korea . in 1990 the company changed its name into halla heavy industries and moved the dock yard from incheon to samhoup which is located in yeongam south jeolla province . total 3 300 000 square metres of land in 1997 during the asian financial crisis the mother company halla group was ranked 12th in terms of equity at that time has fallen into bankruptcy bringing its affiliates into the slump as well . in this chaos halla heavy industries had filed for bankruptcy protection . the korean government decided to consign the company s management to hyundai heavy industries for 5 years . 1 the condition was selling the company to hyundai heavy industries when the company restore its financial state . in 1998 rh heavy industries rothschild halla heavy industries a temporary company which inherited only the assets and debt from halla heavy industries has been established . in 1999 rh heavy industries changed the name into samho heavy industries and in 2003 it finally changed the name into hyundai samho heavy industries after the acquisition of hyundai heavy industries in 2002 . today hyundai heavy industries owns 94.92 % of the company s stock . the company s formal establish year was 1998 because the company was formally re established as rh heavy industries in 1998 when rothschild temporarily bought the company . achievements edit after the purchase by hyundai heavy industries hyundai samho heavy industries has experienced rapid growth both internally and externally . in 2004 only 2 years after the take over of hyundai heavy industries the company has recorded 1 billion of overseas sales . in 2006 the company built a hull of a fpso floating production storage offloading vessel and started to build lng carriers lpg carriers and pctcs pure car & truck carrier . furthermore the company increased the capability of ship building up to 50 ships per year by constructing a mega size floating dry dock . 3 years later in 2009 hyundai samho heavy industries recorded an outstanding 3 billion of overseas sales . at the same year the company has built a 30 million cgt ship in the shortest time period among the entire shipbuilding industry . hyundai samho heavy industries now has 2 mega docks and an additional floating dock which can produce approximately 50 ships annually 4.3 million gt 5 goliath cranes including cranes of maximum lifting limit of 1200 tonnes and 900 tonnes . according to clarkson research hyundai samho heavy industries is apparently the 5th largest shipbuilding company in the world . 2 the company not only possess world class painting shops but also have obtained iso 9001 and iso 14001 certificates . products edit hyundai samho heavy industries has two major divisions ship building and industrial equipment . the ship building division mainly produces tankers bulk carriers container ships gas and chemical carriers mostly lng carriers . the industrial equipment division manufactures industrial transportation equipment such as goliath cranes and container offloading cranes . the company is also participating in the panama canal locks rebuilding project since 2010 . 3 ship building edit hyundai samho heavy industries has total of 3 docks . the 1st dock 504 x 100 x 13m can produce up to 800 000dwts 2nd dock 594 x 104 x 13m 1 000 000dwts and no. 1 berth dock 335 x 70 x 24m which is the floating dock 500 000dwts . the length of the docks total up to 2.1 km while average depth is 12m . 5 goliath cranes are in operation . two 600 tonne cranes are at the 1st dock two 900 tonne cranes at 2nd dock one 1200 tonne mega crane at the no. 1 berth dock . 4 fully operating the 3 docks can build up to 50 ships annually . 1 ship in 8 days to build one ship takes approximately 20 to 24 months including contract ship designing keel laying launching delivery after service and so on . most of the materials are hi ten steel plate and mild steel plate . the 3 largest suppliers are posco dongkuk steel and hyundai steel . since 1999 the company has built 46 bulk carriers 6 087 244 dwt 134 tankers 23 722 329 dwt 83 containerships 6 356 184 dwt 4 lpg carriers 224 272 dwt 3 lng carriers 254 800 dwt 10 pctc carriers 238 754 dwt and a fpso 321 300 dwt . 5 industrial equipment edit the industrial equipment division was originally a subdivision of hyundai heavy industry hhi . hyundai samho heavy industry hshi has taken over the division on 1 february 2004 . 6 industrial equipment division has produced over 1 200 cranes so far since 1973 . its main products are bulk transporting facility wharf & yard cranes for ports goliath cranes & overhead cranes for steel plants or power plants . 7 see also edit shipbuilding companies shipbuilding countries economy of south korea goliath crane disambiguation references edit 80 . . 1999 10 28 . retrieved 2012 03 08 . big 4 shipbuilders stay dominant in august . maritime press . 2011 09 30 . retrieved 2012 03 08 . 1 9000 . news way . 2010 09 30 . retrieved 2012 03 08 . hyundai samho heavy industries co. ltd. . retrieved 31 may 2016 . ship building record from oct 1999 to dec 2010 . hshi.co.kr . retrieved 2012 03 08 . . economy . retrieved 2012 03 08 . industrial crane products of hshi . hshi.co.kr . retrieved 2012 03 08 . external links edit official english website official korean website v t e hyundai hyundai group hyundai asan hyundai logistics hyundai merchant marine hyundai securities hyundai elevator hyundai u & i hyundai research institute hyundai investment network hyundai motor group hyundai motor company kia motors hyundai engineering & construction hyundai amco hyundai autoever hyundai glovis hyundai capital hyundai card hyundai enercell hyundai hysco hyundai steel hyundai mobis metia interactive hyundai rotem seoul metro line 9 hyundai wia jeonbuk hyundai motors kia tigers ulsan mobis phoebus cheonan hyundai capital skywalkers suwon hyundai e & c incheon hyundai steel red angels hyundai steel men s archery team hyundai mobis women s archery team hyundai motorsport hyundai heavy industries group hyundai heavy industries hyundai samho heavy industries hyundai mipo dockyard hyundai corporation hyundai venture investment hyundai futures hyundai finance hyundai oilbank hotel hyundai ulsan hyundai ulsan hyundai mipo dolphin hyundai department store group hyundai department store hyundai f & g holdings hyundai food systems hyundai guhami hyundai nanumi hyundai exchange holdings hyundai ethics hyundai c & n holdings hyundai home shopping hyundai h & s holdings hyundai business holdings hyundai dream tour hyundai department store archery team hyundai development company busan ipark hyundai marine & fire insurance group hyundai marine & fire insurance hyundai c & r hyundai investment asset management hyundai hicar direct insurance hicapital hyundai hds hyundai uk underwriting hyundai investment america other kcc corporation jeonju kcc egis category commons retrieved from https en.wikipedia.org w index.php title hyundai samho heavy industries & oldid 738202816 categories hyundai heavy industries groupshipbuilding companies of south koreahidden categories articles needing additional references from march 2012all articles needing additional referencespages using infobox company with unsupported parametersarticles containing korean language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more 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