Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd. (or HHI) is the world's largest shipbuilding company.[5][6] Its headquarters are in Ulsan, South Korea. HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships.[7] In 2002, the company was spun-off from its parent company.[8] 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.[9]

Hyundai Heavy Industries Co., Ltd.
IndustryHeavy equipment
Founded1972 (1972)
HeadquartersUlsan, South Korea
Area served
Key people
Kwon Oh Gap (Vice Chairman & CEO)
RevenueUS$ 39.33 billion (2015)[1][2][3][4]
US$ (1.31) billion (2015)[1][2]
US$ (1.16) billion (2015)[1][2]
Number of employees
25,093 (2012)
ParentHyundai Heavy Industries Group
Hyundai Heavy Industries
현대중공업 (주)
Revised RomanizationHyeondae Junggongeop
McCune–ReischauerHyŏndae Chunggongŏp

The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-Yung.[10] 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 name is an informal romanisation of the Korean 현대 (hyeondae) meaning "contemporary", which was Chung's vision for the group of companies that he founded.


Core Parts


  • Crude oil tankers (Very Large Crude Carriers)
  • Shipping container carrier ships
  • Oil and natural gas drilling ships
  • Liquified natural gas carrier ships
  • Naval vessels, with optional Skybench technology

Offshore oil and gas rig engineering and construction

  • 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

Industrial facilities engineering and construction

  • Electrical power plant, engineering and construction
  • Oil & gas production facility, engineering and construction
  • Desalination plant, engineering and construction

Large engine and machine engineering and manufacturing

  • Large vessel drive engines
  • Large stationary power plants

Non-core parts

Electric & Energy Systems

Construction equipment

Division includes plants in Puna, India and in multiple locations within China. Over 2,000 excavator sales in India were recorded in the first quarter of 2017. Brands include L&T Komatsu, Tata-Hitachi and J&B- U.K.
  • Excavators
  • Skid loaders
  • Fork lifts


  • Top South Korean industrial robot makers including medical & surgical robot development.

Green Energy

  • Transformers and other electrical distribution equipment. Hyundai-Green's distribution network for solar products covers over 72 distributors and wholesalers in more than 20 countries.

See also


  1. "Hyundai Heavy Industries Co., Ltd. and Subsidiaries – Consolidated Statements of Comprehensive Loss For the years ended December 31, 2015 and 2014" (PDF). Hyundai Heavy Industries.
  2. "Currency Converter - Yahoo! Finance".
  3. "Hyundai Heavy Industries: Consolidated Financial Statements: 2016" p. 7
  4. Forbes. "Hyundai Heavy Industries".
  5. "". 2009-01-19. Retrieved 2009-01-19.
  6. "HHI Constructs World's Best Ship for 26 Years Straight". Archived from the original on 2012-07-15. Retrieved 2008-11-18.
  7. Steers, Richard (1999). Made in Korea: Chung Ju Yung and the Rise of Hyundai. Routledge. p. 96. ISBN 978-0-415-92050-6.
  8. HHI At a Glance, HHI website, About-Us Page. Downloaded Nov. 5, 2017.
  9. Hyundai Heavy Industries Spins Off into Six Separate Companies Marine Insight News. Nov. 18, 2016. Downloaded Nov. 3, 2017.
  10. "The last emperor". The Economist. 4 February 1999. Retrieved 11 January 2012.
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