Hyundai Win Lucrative New Contracts

Hyundai Heavy Ind. has started the new year right, reportedly winning new contracts for the offshore market. HHI is said to have snagged a $750 million contract to build an offshore oil facility for Exxon Mobil. According to the company, it will build and install a floating facility for in Angola by 2005. Hyundai also won a $160 million offshore facility construction order from China's CACT OG.