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Topic: Hyundai Engineering and Construction

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	Korea banks agree to roll over Hyundai Eng paper
		But it said in a statement that Hyundai Engineering planned to raise 1.5 trillion won by the end of this year through sales of securities and factories and they were on track to reach the target.
		HEC is so desperate to remedy its liquidity problems that it is attempting to sell seemingly illiquid collateral in the form of a cement factory in Bangladesh and unpaid bonds from Iraq.
		Hyundai executives are reacting to the events with defensive responses and denials, according to risk experts.
	www.bradynet.com /bbs/asia/100042-0.html (1759 words)

	IranAndWorld.Com - Subpage
		Hyundai Engineering & Construction yesterday won a Dollars 1.2bn (Euros 1.4bn, Pounds 840m) contract to build a gas processing plant in Iran, underlining the South Korean engineering industry's strong presence in the oil and gas fields of the Middle East.
		Construction began on Friday of facilities to tap 4m metric tons of liquefied natural gas discovered in the East Sea, or Sea of Japan, 58km off the port of Ulsan.
		Hyundai Heavy Industries and Samsung Engineering and Construction have been chosen to lead a consortium developing the offshore platform, a gas pipeline to shore and a processing plant on land.
	iranandworld.com /ecn-1.asp (380 words)

	CNN.com - Bank now Hyundai unit's top shareholder - April 23, 2001
		Hyundai Engineering transferred 41 million shares, or 12.8 percent, of its common stock to KEB, its largest creditor, as part of a debt-equity swap on Saturday.
		Hyundai Group's holdings in its flagship company are expected to shrink further as the creditors complete their bailout plan.
		Hyundai Engineering had debts of 8.1 trillion won at the end of last year.
	archives.cnn.com /2001/BUSINESS/asia/04/22/hyundai.stockswap (436 words)

	Hyundai \| Discover \| Past \| History
		Hyundai's construction business starts taking domestic orders, the first of which is to rebuild the Golyong Bridge over the Nakdong River.
		At Hyundai: The virtually unknown Hyundai Engineering and Construction Company beats all its rivals and wins the contract to build the first Han River Bridge – the largest ever post-war reconstruction project.
		Hyundai Motor America is founded and quickly grows into the fourth best-selling foreign importer in to the U.S. Around the World: The wreck of the Titanic is discovered on the Atlantic Ocean floor.
	www.hyundai.co.uk /discover/past/history (1626 words)

	BBC News \| BUSINESS \| Hyundai's new rescue plan
		The plans were announced by Chung Mong-hun, a son of the group's founder and the largest shareholder in Hyundai Engineering, the flagship company of the giant group.
		Hyundai Engineering and Construction's self rescue plan is aimed at raising $1.1bn to help prevent bankruptcy by the end of the year.
		Hyundai Engineering has recently won debt rollovers from domestic creditors, but the banks are demanding the company raises fresh funds of its own before they commit further lending.
	news.bbc.co.uk /1/hi/business/1032225.stm (385 words)

	Asia Times - News and analysis from Korea; North and South
		Iraq's vice construction minister, who has been in South Korea since November 1, was quoted as saying by HEC in a recent meeting that the Iraqi government "will pay back the outstanding debts to HEC and consider necessary procedures for that, such as ways of redemption".
		Hyundai's difficulties in Iraq date back to 1991, when United Nations-imposed economic sanctions in the wake of the Gulf War led to the freezing of all Iraq-related credit and debts.
		HEC is now in a concerted bid to create a so-called "Washington Club", an international body of private creditors for Iraq, which is also proceeding smoothly.
	www.atimes.com /atimes/Korea/EK15Dg04.html (283 words)

	Hyundai- Top Car Deals (Site not responding. Last check: 2007-09-02)
		Hyundai cars are famous for it styling, quality, technology, refinement and many more featrure which made them to feel unique car provider with all the latest features.
		Hyundai Motor Company was first started in 1947 with the name Hyundai Engineering and Construction Co. and its is one of the leading auto sales company in the Korea and which exports its vehicles to around 190 countries worldwide.
		Hyundai's california Research center was established in 1990 which creates and develops not only production vehicles but also cutting-edge design concepts for the automotive market.
	www.carreview1.com /hyundai (281 words)

	Hyundai Motor Manufacturing Alabama; LLC. (Site not responding. Last check: 2007-09-02)
		Chung Ju-Yung founded the Hyundai Motor Company in 1947 as Hyundai Engineering and Construction Co. Hyundai Motor Co. (HMC), established in 1967, is the auto sales leader in the Korean domestic market and exports vehicles to 190 countries worldwide.
		Hyundai's automotive technology centers employ approximately 4,100 researchers with an annual budget of five percent of current revenues.
		Hyundai cars and sport utility vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced by more than 600 Hyundai dealerships nationwide.
	www.hmmausa.com /company.cfm?id=29 (1550 words)

	Hyundai - Wikicars
		Hyundai is now the fastest-growing auto brand in the United States and in 2004, it was ranked second in initial quality in a survey/study by J.D. Power and Associates.
		Hyundai has invested in manufacturing plants in the North America, China, India, and Turkey as well as research and development centers in Europe, North America, and Japan.
		Hyundai entered the United States market in 1986 with only one model, the Hyundai Excel, offered in a variety of trims and bodystyles.
	wikicars.org /en/Hyundai (1422 words)

	CNN.com - Hyundai Engineering posting $2.2 billion loss - March 28, 2001
		Hyundai Engineering & Construction, part of the conglomerate Hyundai Group, had sales of $4.9 billion, or 6.4 trillion won, for the year.
		Like its sister company, Hyundai Electronics, the construction unit is selling off assets and cutting staff to appease creditors and reduce its heavy debt burden.
		Hyundai Electronics stock was up 1.4 percent at midday Wednesday.
	edition.cnn.com /2001/BUSINESS/asia/03/27/hyundai.losses (331 words)

	Hyundai Teeters on Bankruptcy Edge
		SEOUL, South Korea -- Cash-strapped Hyundai Engineering and Construction Co. faces a crucial week, with creditors pressuring it to come up with a drastically viable self-rescue plan or face liquidation.
		Hyundai Engineering, a key affiliate of the giant Hyundai group, survived a list of 52 companies that government-controlled creditor banks last week said were nonviable and should be liquidated or sold immediately.
		To avoid the huge impact the builder's collapse may have on South Korea's economy, creditors over the weekend asked Hyundai Engineering's owner, Chung Mong-hun, to agree to capital reduction and a debt-for-equity swap.
	www.themoscowtimes.com /stories/2000/11/08/037-print.html (294 words)

	IADC - Hyundai Engineering & Construction CO. LTD (Site not responding. Last check: 2007-09-02)
		Gulf HYUNDAI ENGINEERING and CONSTRUCTION CO. LTD has won worldwide reputation among its clients worldwide for our efforts in spearheading technological innovations in revolutionizing the marine, offshore, dredging industry.
		For the last three decades, Hyundai EandC has recognized the importance of technology management and has envisioned to be at the forefront of marine construction technology, especially in the area of dredging and reclamation, harbour construction, breakwater and offshore facilities.
		With a strong team of 6,000 employees including 4,000 engineers and specialists, advanced technology and equipments, and expertise, our company is able to undertake the full range of marine, offshore and dredging works worldwide.
	www.iadc-dredging.com /profiles5.html (314 words)

	Is Hyundai About to Topple, Too? (int'l edition)
		Hyundai Engineering, Korea's mightiest construction company, is on the brink of collapse.
		He also heads near-bankrupt Hyundai Investment Trust & Securities Co. The disclosure in April that the trust had accumulated losses exceeding its net worth by $1.1 billion, mainly by purchasing bonds in failed Daewoo Group, is what sapped lender and investor confidence in all Hyundai Group companies, precipitating the liquidity crunch.
		On Nov. 2, Hyundai Engineering sold a controlling 15.16% stake in Hyundai Merchant Marine Co. to Hyundai Elevator Co. That arrangement will allow him to control Hyundai Merchant through the elevator unit, instead of the construction unit.
	www.businessweek.com /2000/00_48/b3709199.htm (1340 words)

	News for Hyundai Engineering & Construction Co. - Google Finance
		A joint venture between Foster Wheeler Energy and Korea's Hyundai Engineering and Construction has won a contract from Saudi Aramco to build a gas processing plant in the kingdom.The plant in...
		SEOUL (XFN - ASIA) - Hyundai Engineering & Construction Co Ltd said it has won a 780 mln usd order from Saudi Aramco to build gas processing facilities.The facilities, to be located in the...
		Hyundai Engineering & Construction Co., Ltd. announced that it has signed a contract with Qatar Shell GTL LTD to build natural gas plants in Qatar from August 1, 2006 to September 30, 2010.
	google.com /finance?cid=679382&morenews=10&rating=1 (439 words)

	hyundai Cars Model Range Types
		Hyundai cars are often perceived as low-end, unreliable, and undrivable due to their build quality.
		Essentially, Hyundai's parent company, Hyundai Motor Group, began investing heavily in the quality, design, manufacturing, and long-term research of its vehicles starting in 1998, and added a 10-year or 100,000 mile warranty to its vehicles in the United States.
		Hyundai has invested millions of dollars in its American branch, and has opened a design plant in Michigan, a test track in California, and a Sonata plant in Alabama due to the brand's growing popularity there.
	www.ukcar.com /carspecs/basicmodels.asp?maker=hyundai (602 words)

	Power Technology - Subiya Oil-Fired Power Plant, Kuwait
		Mitsubishi engaged in the construction work on a full turnkey basis, including assembly and installation of eight 300MW boilers and turbines.
		Hyundai Engineering & Construction and local partner United Gulf Construction Company were awarded a $450 million civil works assignment and a related, smaller, T&D contract.
		In September 2001, the Kuwaiti MEW (Ministry of Electricity and Water) approved construction of three new power plants with a total cost of around $2 billion, including a 400MW gas fired plant in Subiya.
	www.power-technology.com /projects/subiya/index.html (643 words)

	albawaba.com middle east news information::USD$ 325 Million Syndicated Financing Facility between Hyundai Engineering & ... (Site not responding. Last check: 2007-09-02)
		Hyundai Engineering and Construction Co.Ltd (HECC) and Arab Bank plc today (Tuesday, 13 September, 2005) signed a USD$325 million-equivalent multi-tranche facility to finance a Power Station EPC contract for the Jebel Ali Power and Desalination Station.
		Sun Kyu Kim, CFO and Executive Vice President of Hyundai Engineering and Construction Co., Ltd. and Mr.
		Arab Bank plc is the sole Mandated Arranger for USD$175 million-equivalent Performance and Advance Payment Guarantee Facilities and USD$150 million Import L/C and Refinancing Facilities to support Hyundai Engineering and Construction Co., Ltd.â€™s performance obligation and procurement under USD$696 million Power Station EPC contract with the Dubai Electricity and Water Authority.
	www.albawaba.com /en/countries/UAE/188915 (697 words)

	AGI Tunnel Site Investigation
		A tunnel is being constructed as part of an expansion of an existing highway in Korea.
		The total length of construction is many kilometers and includes a 2 kilometer tunnel.
		The construction stopped at coordinate 350 due to the weak zone, first encountered at 380 meter.
	www.agiusa.com /tunnel.shtml (285 words)

	Hyundai Engineering announces self-rescue Plan (Site not responding. Last check: 2007-09-02)
		As Hyundai Engineering and Construction announced its long-awaited self-rescue plan, analysts predict the company will have a difficult year ahead.
		A Hyundai manager predicted the company will have no difficulty securing the 1.5 trillion won promised in its announcement by the end of the year, at it has already garnered 717.9 billion won.
		Skeptics point out that the outlook for the construction industry is bleak and that the company’s ordinary profit rate was minus 2.2% in the first half of this year.
	www.bizasia.com /companies_/bxm7w/hyundai_engineering_announces.htm (411 words)

	albawaba.com middle east news information::DPA announces commencement of AED 5 billion stage one of mega expansion ...
		The announcement was made during the contract signing ceremony between DPA and Hyundai Engineering and Construction Company Limited for the first stage of the expansion.
		This stage includes the construction of 2.5 kilometers of quaywall and casting of the concrete block.
		The first stage of the expansion will be divided into two phases, with the first phase expected to be completed by the first quarter of 2007, while the second stage scheduled for completion by the first quarter of 2008.
	www.menareport.com /en/business,Transport/187852 (729 words)

	Jindo Grand Bridge - South Korea (Site not responding. Last check: 2007-09-02)
		The turnkey competition to design and construct the twin bridge was placed earlier this year by the Korean Ministry of Construction and Transportation.
		High-Point Rendel, together with two local design companies, was engaged by Hyundai Engineering and Construction to carry out the necessary engineering services for the competition and, if successful, to provide further engineering services for completion of construction.
		It was concluded that a near identical bridge, aligned as close as possible to the existing bridge was the optimum solution.
	bridgepros.com /projects/Jindo_Grand_Bridge/index.htm (572 words)

	MENAFN - Middle East North Africa . Financial Network News: DUBAI — Hyundai Engineering & Construction Company (HECC) ... (Site not responding. Last check: 2007-09-02)
		DUBAI — Hyundai Engineering & Construction Company (HECC) and Arab Bank, yesterday signed a $325 million (about Dh1.2 billion) multi-tranche facility to finance a Power Station EPC contract for the Jebel Ali Power and Desalination Station.
		The Consortium of HECC and Fisia Italimpianti, which is part of the Italian construction group, Impregilo, has been contracted to build the 1,200MW power station and 80 million G/D desalination facilities for Dubai Electricity and Water Authority's Jebel Ali Power and Desalination Station 'L' Phase 2 project.
		Arab Bank is the sole mandated arranger for $175 million-equivalent Performance & Advance Payment Guarantee Facilities and $150 million Import L/C & Refinancing Facilities to support Hyundai Engineering & Construction Co.'s performance obligation and procurement under $696 million Power Station EPC contract with the Dubai Electricity and Water Authority.
	www.menafn.com /qn_news_story_s.asp?StoryId=106963 (460 words)

	Hyundai - Wikipedia, the free encyclopedia
		Hyundai was the 2nd largest Chaebol in 2004 based on total revenues.
		The former was promoted as the company's official pronunciation: early U.S. advertising for the Hyundai Excel car told readers "It rhymes with Sunday".
		Hyundai A-League, a professional football league in Australia
	en.wikipedia.org /wiki/Hyundai (230 words)

	Power Engineering - Hyundai Construction wins Dubai contract
		Construction of the 1200-megawatt power plant at the Jebel Ali power complex in Dubai is expected to take 35 months and be completed by April 2008, according to the company.
		Added to the $1.1bn orders Hyundai had already won this year, the anticipated construction work in Dubai will boost the company's first half orders sheet to US$2.1 billion, exceeding its original target of US$2 billion for the entire year.
		In 2002, Hyundai completed a $250m power plant at the Jebel Ali complex for the Dubai Electricity and Water Authority.
	pepei.pennnet.com /Articles/Article_Display.cfm?ARTICLE_ID=228969&p=6 (243 words)

	Airline group selected as potential buyer for Daewoo construction (Site not responding. Last check: 2007-09-02)
		The parent group of Asiana Airlines was selected as potential buyer for Daewoo Engineering and Construction in an auction that could change the face of South Korea's construction sector.
		The parent group of Asiana Airlines was selected as potential buyer for Daewoo Engineering and Construction in an auction that could change the face of South Korea's construction sector, officials said.
		Creditors plan to sell a stake of up to 72.1 percent in Daewoo Engineering, which was among three major builders that went bankrupt or were bailed out in the aftermath of the 1997-98 Asian financial crisis.
	www.turkishpress.com /news.asp?id=129847 (462 words)

	Hyundai \| Discover \| Past \| Heritage
		Today: Hyundai is one of the world's leading car brands, dedicated to enhancing tomorrow's driving.
		By the 1960s, it was one of Korea’s largest construction companies.
		Unveiled at the 55th Turin International Motor Fair in 1974, it was exported in 1976, and by 1984, Hyundai had produced over 500,000 models.
	www.hyundai.co.uk /discover/past/heritage (242 words)

	Welcome to Hyundai Kia America Technical Center
		With locations in Michigan, California and Alabama, we provide a wealth of career opportunities to talented designers, engineers and technicians across the United States.
		Established in 1986 in Ann Arbor, Michigan (just 30 minutes outside of the city of Detroit), HATCI’s main tasks were to oversee emissions, safety regulations and to provide valuable auto design and engineering requirements for the North American Market to Hyundai Motor Company and KIA Motor Company.
		Hyundai is the highest ranked non-premium nameplate, according to the J.D. Power and Associates 2006 Initial Quality Study.
	www.hatci.com (351 words)

	000720 - Hyundai Engineering & Construction Co. - Google Finance
		Hyundai Engineering & Construction Co. is a Korea-based company involved in the provision of civil, architectural and environmental engineering.
		The Company operates nine businesses: land expansion and harbor works; highways, transportation and railroads; water resource development; buildings; housing and urban development; nuclear power plants; power generation and industrial plants; electronic and communication systems, and oil, gas and petrochemical plants.
		SKorea's Hyundai Engineering wins 780 mln usd gas plant order from...
	google.com /finance?q=SEO:000720 (204 words)

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