South Korea: HHI Sets New Record for World Class Products

Hyundai Heavy Industries, the world’s biggest shipbuilder, announced that the Company set a new record for the most ‘World Class Products’ by gaining three additional certificates on December 21. This brings the number of ‘World Class Products’ to 34 products.

Hyundai Heavy’s newly certified World Class Products are a very large ore oil carrier (VLOO), LCD handling robot, and a flameproof motor.

‘World Class Products’ is a policy where Korea’s Ministry of Knowledge Economy selects products that have over 5% global market share, rank within the Top 5 in their market, and have an international market worth over USD 50 million annually.

VLOO is a combination carrier that can carry both ore and oil. Hyundai Heavy is the only shipyard in the world that can build this type of ship. LCD handling robots are used to handle LCD panels and glass with outstanding controlling and clean sealing/contamination prevention technology.

The flameproof motor is designed to withstand flame damage in case of an internal explosion. Hyundai Heavy’s flameproof motors have a global market share of 14%.

Since the introduction of the World Class Product system in 2001, Hyundai Heavy’s major products have been featured on the list every year.

Among HHI’s 34 World Class Products, 15 including marine diesel engine, FPSO (Floating Production Storage Offloading), LNG carrier, containership and tanker regarded as the world’s No.1.

[mappress]

LNG World News Staff, December 23, 2011; Image: HHI