STX Group has revised its sales target upwards to $48b and operating profits to $4.8b in 2012 through diversification of its business portfolios at the group’s key enterprises.
In order to achieve the revised target, the group is planning to split its business units into four sectors ― shipbuilding and machinery, shipping and trade, plant and construction, and energy .
STX Shipbuilding, the group’s flagship, has set a sales target by 2010 by strengthening its shipping portfolio capitalizing on the Chinese, European and South Korean markets.
Source: Times