Hyundai Heavy Industries (HHI)

Korean multinational Hyundai Heavy Industries (HHI) has a global business network in each of its six business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro Electric Systems, and Construction Equipment.

Founded by the late Chung Ju-yung on March 23, 1972, Hyundai Heavy Industries wrote the first chapter of its shipbuilding history in June, 1974, by completing construction of the world’s largest shipyard and two VLCCs (Very Large Crude Carrier) simultaneously.

A decade after its first delivery, the Hyundai Shipyard topped 10 million deadweight tons in aggregate ship production, and has maintained the leading position in the world shipbuilding market ever since.

Hyundai Shipyard’s drive has mirrored the growth of modern Korean heavy industry, and its success has allowed it to expand into other heavy industry areas, ultimately leading to the formation of Hyundai Heavy Industries, an integrated heavy industry company.

The latest chapter of HHI’s history began when it separated from the Hyundai Group in February, 2002.