Hyundai Heavy Aims for $6.6B in Sales

Hyundai Heavy Industries Co. said it is targeting shipbuilding sales of $6.6 billion this year, up 23 percent from 2005. The shipbuilder plans to continue focusing on technological development of high value-added vessels such as membrane liquid natural gas carriers and super-sized liquefied petroleum gas tankers. The world’s largest shipbuilder said its non-shipbuilding sales from six other business divisions are expected to reach $6.3 billion. The company plans to reach the world’s largest annual shipbuilding capacity of 1.5 million metric tons through efficient operation of production facilities in Pohang, which began running last year, and a new block-building factory currently under construction in Ulsan. (Source: www.koreaherald.com)