Hyundai orders grow 212%

Source:asiasis
2013.02.18
1020

Hyundai Heavy Industries saw its orders in January 2013 grew to $2.711bn, massively increased by 212% year-on-year, according to its regulatory filing on February 15.

Its Shipbuilding division contracted a total of $937m, up by 1133% against the same month of last year, and Offshore & Engineering division also sharply rose by 4281% y-o-y to $1.183bn.

Last month, the Korean conglomerate booked new orders including five 14,000-teu boxships, one LPG carrier, three special ships, two floating/fixed offshore facilities, etc.

As of the end of January 2013, Hyundai stood at overall 117 vessels/units, reaching around $22bn, of new orders.

Industrial Plant & Engineering and Green Energy divisions all saw increases of orders contracted by 640% and 45% up to $37m and $32m, respectively.

Meanwhile, Engine & Machinery, Electro Electric Systems and Construction Equipment divisions declined by 32%, 27% and 29% year-on-year to $162m, $143m and $217m.

Meanwhile, Hyundai revealed that it recorded KRW 1.8984trn ($1.76bn) of turnover, up by 2% against the same period of last year - shipbuilding rose by 25% y-o-y to KRW 881bn, offshore and engineering increased by 3% to KRW 340bn, while industrial plant and engineering plummeted by 40% to KRW 63bn.

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