Monday, December 19, 2011

Hyundai Heavy Busy In Africa

South Korean industrial titan Hyundai Heavy Industries has won an approximately 900 million dollar contract to build two offshore gas platforms in Nigeria.The deal is with a U.S. integrated oil company such as Exxon Mobil or Chevron,a person familiar with the matter disclosed.
Hyundai Heavy will carry out the entire project,from engineering,procurement,construction and installation to commissioning of the offshore platforms.
Hyundai Heavy was founded in 1972.It leads the world in shipbuilding tonnage,and is also active in the engineering and building of industrial plants;engines and machinery;construction equipment;electrical systems;and green energy.
The Hyundai Spirit is defined as Creative Wisdom;Positive Thinking;and Unwavering Drive.
iShares MSCI South Korea Index Fund(EWY)

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