Hyundai Engineering (HEC)
Encyclopedia
Hyundai Engineering / Hyundai Engineering Co. LTD is a separate entity and not the same as Hyundai Engineering & Construction (HDEC). Common mistakes arise when looking at their logos because it is almost the same but below the Pyramid of the Logo you would noticed the distinctions. Though Hyundai Engineering (HEC) had been part of the Hyundai Engineering & Construction (HDEC) on May 1999 but after 2 years the Hyundai Engineering (HEC) gains its independence and were recognized as a separate entity from Hyundai Engineering & Construction in July 2001.
Established in 1974, Hyundai Engineering Co., Ltd. has accumulated project experiences and technologies in more than 50 countries for the business area of Process Plant, Power & Energy Plant, Infrastructure & environmental and Industrial Plant.
In spite of Hyundai Engineering (HEC)'s separation from Hyundai Engineering & Construction, they become re-united because they were both member of the Hyundai E&C Group
KIM, Dong Wook -is a President and CEO of Hyundai Engineering Co. Ltd (HEC) since March 1999 until June 30, 2011. Kim has resigned and replaced with the new President and CEO KIM, Wee Chul from July 1, 2011 to the present.
Established in 1974, Hyundai Engineering Co., Ltd. has accumulated project experiences and technologies in more than 50 countries for the business area of Process Plant, Power & Energy Plant, Infrastructure & environmental and Industrial Plant.
In spite of Hyundai Engineering (HEC)'s separation from Hyundai Engineering & Construction, they become re-united because they were both member of the Hyundai E&C Group
KIM, Dong Wook -is a President and CEO of Hyundai Engineering Co. Ltd (HEC) since March 1999 until June 30, 2011. Kim has resigned and replaced with the new President and CEO KIM, Wee Chul from July 1, 2011 to the present.
Hyundai Engineering Overseas Subsidiaries and Corporate Offices
- PT Hyundai Engineering Indonesia
- Hyundai Engineering (Thailand) Co. LTD
- Hyundai Saudi Arabia Co., LTD
- PETROVIETNAM Investment Consultancy & Engineering Joint Stock Company (PVE)
- LHT International Engineering Joint Stock Company (LHT)
Overseas Branch Offices
- Hyundai Engineering Oman
- Hyundai Engineering Turkmenistan
- Hyundai Engineering Indonesia
- Hyundai Engineering Philippines
- Hyundai Engineering Oman
- Hyundai Engineering Algeria
- Hyundai Engineering Equatorial Guinea
- Hyundai Engineering India
- Hyundai Engineering Tunisia
- Hyundai Engineering Malaysia
- Hyundai Engineering Abu Dhabi
Hyundai Engineering History
- December 1973 - Registered as a vendor at the Korean Ministry of Science and Technology (For plant engineering, specialty technology service)
- February 1974 - Established Hyundai Technology Development Co., Ltd.
- November 1980 - Merged with Halla Engineering Co., Ltd
- March 1982 - Changed the name to “Hyundai Engineering Co., Ltd”
- January 1985 - Performed overseas consulting projects as the first private company in Korea (i.e 5th and 6th electricity projects in Nepal)
- April 1991 - Receive “”Iron tower order of industrial service” on the 24th World Science Day (한국어보고)
- June 1994 - Acquired ISO 9001 certificate
- May 1996 - Received award by the Minister of Government Administration and Home Affairs for “the second award for innovative Management for the private and public sectors” (Korea Chamber of Commerce & Industry, ministry of Government Administration and Home Affairs.
- September 1996 - Received award by the Prime Minister for “The environmental technology award” (Ministry of Government Administration and Home Affairs)
- November 1996 - Acquired ISO 14001 Certificates
- May 1999 - Merging with Hyundai Engineering & Construction
- July 2000 - Concluded a long-term contract to supply piping materials to Alstom (France)
- January 2001 - SEPARATED FROM Hyundai Engineering & Construction
- June 2001 - Moved to the new office in Mok-dong
- November 2001 - Established the research institute
- December 2003 - Increased of capital to 18.9 Billion Korean Won (participation in the share of Korea Development Bank)
- June 2004 - Received an award from the Minister of Commerce, Industry and Energy for “The First National Environment – Friendly Management Award”
- December 2005 - Declared the new vision of the company “HEC 2010”
- January 2007 - Inauguration of the CEO, Joong Kyum KIM
- April 2007 - Hyundai Engineering was awarded the prize of “Civil Engineering Structure” of the year
- June 2007 - Hyundai Engineering was awarded for “2007 National Environmental Prize”
- September 2007 - Ceremony of the 1st HECT Technical Award
- July 2008 - REORGANIZATION OF HYUNDAI ENGINEERING (HEC)
- January 2009 - Acquired OHSAS 19008 Certificates
- February 2009 - 35th year Anniversary of HYUNDAI ENGINEERING CO. LTD & the Pronouncement for the VISION 2015
- March 2009 - Inauguration of the new CEO Dong Wook KIM, Won the first prize in Engineering Section at “2009 Overseas Construction”, Won the Golden Medal at this year’s “Top Civil Engineering Structure” with Ma-Chang Great Bridge
- October 2009 - Won the “10th Grand Prize of Korea Financial management” (Major Corporate Field) & Hyundai Engineering won the “Prize of Minister of the Environment” in the Merit Award Ceremony of Building Environment-Friendly Industry & Low Carbon- Green Growth
- December 2009 - Awarded a Billion Dollar Project in Turkmenistan “gas Desulfurization Plant”
- January 2010 - Hyundai Engineering, Employ for the first time an Expatriate (Executive) to work under the General Management Division; Finance & Accounting (Denis Somoso)
- March 2010 - Hyundai Engineering, Awarded for the “Tin Tower Order of Industrial Service Merit for the Tax Payer’s Day”
- June 2010 - A credit rating by Korea investor’s service
- August 2010 - Ranks 69th of the TOP 200 INTERNATIONAL DESIGN FIRMS IN THE WORLD
See also
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- List of Korea-related topics
- List of South Korean companies