Samsung Engineering
From Wikipedia, the free encyclopedia
| Samsung Engineering | |
|---|---|
 |
|
| Type | Public (SEO: 028050) |
| Founded | January 20, 1970 |
| Headquarters |  Seoul, South Korea |
| Key people | Yeon-Joo Jung, President & CEO |
| Industry | Engineering, Construction, Contracting |
| Products | Hydrocarbon, industrial, environmental, infrastructure related plants and facilities |
| Revenue | 2,268.5 billion KRW (2007) |
| Net income | 157.5 billion KRW (2007) |
| Employees | 2,109 (2006) |
| Website | http://www.samsungengineering.com |
Samsung Engineering Co., Ltd. (SECL, Hangul: 삼성엔지니어링 Hanja: 三星엔지니어링) is the first and largest domestic engineering firm, was established in 1970 and has its headquarters based in Seoul, South Korea. As an engineering, procurement and construction (EPC) company, it provides a full range of engineering services including feasibility studies, design, procurement, construction, facility operation and management. The Company has substantial business outside of Korea with a presence in Thailand, Indonesia, Taiwan, India, Vietnam, China, Mexico and the Middle East, and its projects include the construction of petrochemical and oil refinery plants and gas production facilities. In the industrial plant construction sector, the Company participates in various projects on a turnkey basis, ranging from power plants to electronics, automobile, chemicals and food production plants. In addition, Samsung Engineering constructs water treatment systems for semiconductor and power plants, sewage treatment facilities and other projects. During the year ended December 31, 2006, the Company completed 151 plant constructions.
Contents |
[edit] Divisions
Samsung Engineering is comprised of the following four divisions:
- Hydrocarbon Plant Division: building EPC turnkey oil refineries, natural gas processing, petrochemical plants, energy plants, LNG, FPSO, chemicals, fertilizers, etc.
- Environmental & Infrastructure Division: building waste incineration plants, water treatment plants, wastewater treatment plants and industrial water treatment facilities, train depot facilities, welfare facilities, etc.
- Industrial Plant Division: building electronics and semiconductor manufacturing plants, food & beverage plants, railroads, shipyards and other manufacturing and large scale maintenance facilities
- Administration Division: HR, IT, Finance, Legal Advice, Research Laboratory, Global Environment Research Center, Q-HSE (Quality, Health, Safety, Environment), Overseas Contact Offices, Strategic Planning & Innovation
[edit] History
[edit] 1970s
In the 1970s, the Korean economy needed to become independent of foreign technology and stand on its own two feet. The need to ensure a steady supply of various raw materials became a national project for the Korean government, and in part of the mission to develop the nation's heavy chemical industry, Korea Engineering, the first professional engineering firm in Korea, was founded.
- Jan 20 1970 Founded Korea Engineering
- Jul 18 1973 TEC acquired 80% stake of LUMMUS
- Nov 1976 Awarded Samsung Petrochemical TA/TPA Plant contract
- Nov 1976 Awarded Honam Petrochemical Ethylene Plant contract
- Apr 26 1978 Samsung Group acquired Korea Engineering
- Mar 29 1979 Awarded the Namhae Chemical Corp. Urea Plant contract, the first lumpsum turnkey project in Korea
[edit] 1980s
Determined to invest in the emerging heavy chemical industry, the Samsung Group acquired Korea Engineering, and strengthened its collaboration to fortify the company's competitiveness. Subsequently, Samsung Engineering made rapid progress to broaden its service offerings and solidified its stance as a growing EPC contractor.
- Jul 25 1983 Designated as R&D Center in Samsung Group
- Dec 1983 Adopted CAD system
- Jan 1986 Awarded Samsung Petrochemical TA/TPA Plant (No. 2) contract
- May 12 1987 Established R&D Center
- Nov 1988 Awarded ethylene plant, utility contract of Samsung General Chemicals Daesan complex
- Dec 5 1988 Awarded Daehan Specialty Chemical BaCO3, SrCO3 Plant contract
- Mar 1989 Awarded Samsung General Chemical LDPE Plant contract
- May 19 1989 Awarded Samsung General Chemical EO/EG Plant contract in Daesan Complex
- Jul 3 1989 Awarded Samsung General Chemical C4 Plant contract in Daesan Complex
- Jun 20 1990 Awarded Samsung BP Chemicals Acetic Acid Plant contract
- Oct 1990 Implemented ICAE (Integrated Computer Aided Engineering) system
[edit] 1990s
During the '90s, having changed its name to Samsung Engineering (1991), the company rapidly progressed and garnered contract awards/sales of 1 trillion KRW. More advanced technologically, Samsung Engineering built petrochemical, industrial, and environmental refineries/plants on a turnkey basis and emerged as a leading EPC contractor.
- Mar 15 1996 Honored with ISO14001 DIS and BS7750 accreditation
- Jun 26 1996 Selected as the safest (zero-accident) construction company
- Nov 6 1996 Received Top CEO Award of KMA (Korea Management Association)
- Dec 20 1996 Awarded TPI 2nd stage Ethylene Plant contract in Thailand
- Dec 31 1996 Became the first domestic engineering company to break in award/revenue
- Jun 18 1997 Awarded KPC Gas Processing Plant contract in Egypt
- Nov 12 1997 Honored with Construction Management Grand Prize and Top CEO Award
- Feb 24 1998 Awarded SIDPEC LLDPE/HDPE Plant contract in Egypt
- Mar 12 1998 CEO In-Mo Yang gave speech at 1998 KENCA
- Apr 7 1998 Awarded BASF Petrochemical Plant contract
- Jun 11 1998 Awarded worth of municipal contracts including Ansan Energy Supply Station
- Jul 1 1998 Honored with Silver Tower Industrial Medal at the 31st KOSHA Conference
- Jul 21 1998 Developed Fluidized Incinerator technology
- Sep 21 1998 Awarded Seoul World Cup Stadium contract for 2002 FIFA World Cup
- Sep 28 1998 Awarded substation contract in Thailand
- Oct 10 1998 Awarded Kyungbu highway Seoul rolling stock depot contract
- Nov 9 1998 Awarded Petronas Olefin Plant contract in Malaysia
- Dec 12 1998 Awarded TPC ABS Plant contract in Iran
- May 28 1999 Became the first E&C company to be Y2K certified
- Oct 19 1999 Awarded PEMEX refinery plant contract in Mexico
- Oct 20 1999 Awarded BASF petrochemical plant contract in Shanghai, China
- Nov 15 1999 Awarded IOCL refinery plant contract in India
[edit] 2000s
With an ever-increasing market pressure to secure its success in the domestic and international plant market, Samsung Engineering is striving to grow as a true global corporation through various management innovation activities, exploration of lucrative new businesses, and strengthening of competitiveness on both individual and organizational levels.
- Jul 2003 SABIC Butene Production Plant in Saudi Arabia
- Aug 2003 Won $200 million USD Thailand TTM Songkhla GSP-5 Project
- Jan 2004 Won Samsung SDI Cheonan PDP Line #3 Expansion Project (all Line #1,2,3 construction)
- Mar 2004 Honored with Steel Tower Industrial Medal for Korea Train eXpress (KTX)
- Apr 2004 Won TOCGC EO/EG project in Thailand
- Apr 2004 Became the first in Korea to receive TUV Quality Excellence Award for Non-manufacturing industry
- Sep 2004 SECL Construction China obtained Construction Business License
- Nov 2004 Awarded Tin Tower Order of Industrial Service Merit in recognition of successful completion of DongHae-I Gas Field
- Jan 2005 Won Mexico PEMEX Refinery Project
- Mar 2005 Entered MOU with SHI and Mustang to jointly develop offshore market
- Sep 2005 Won SHARQ EG project in Saudi Arabia
- Oct 2005 Won APPC (Advanced Poly-propylene Co) PDH/PP project in Saudi Arabia
- Feb 2006 Reached an agreement with Samsung Total to expand and build 3 petrochemical projects for approximately 110 billion KRW
- May 2006 Signed a petrochemical plant contract (USD$860m) with Tasnee
- Jun 2006 Won $300 million USD contract for polypropylene-3 project from IBN Zahr
- Jul 2006 Awarded SEG plant project of Lotte Daesan Petrochemical Co., Ltd. for 140 billion KRW
- Aug 2006 Signed contract to build Hankook Tire Hungary Plant worth 100 billion KRW
- Dec 2006 Secured a US$180 million order from PETROTRIN of Trinidad and Tobago to build an oil refinery
- May 2007 Awarded largest single contract of $950 million USD to build ammonia plant for Saudi Arabian Mining Co. [1]
- Jun 2007 Secured a $303 million USD turnkey petrochemical plant order from the United Arab Emirates' Borouge (Abu Dhabi Polymers Co Ltd.)
- Dec 2007 Won Saudi Aramco Ras Tanura Refinery Diesel Hydrotreater Complex Project in Saudi Arabia
[edit] Key Executives
Yeon-Joo Jung is the President, Chief Executive Officer and a Director of Samsung Engineering Co., Ltd. Prior to joining the Company, Yeon-Joo Jung served as Vice President of Samsung SDI.
[edit] References
[edit] See also
[edit] External links
- Samsung Engineering official corporate website (Korean & English)
