Hyundai Heavy Sets Record Number of World Class Products

Hyundai Heavy Industries set a new record for the most ' World Class Products' by gaining two additional certificates on December 7. This brings the total up to 31 products.

HHI's newly certified World Class Products are the 145kV Gas Insulated Switchgear(GIS) and the Marine Ring Main Unit.

World Class Product is a policy where the Ministry of Knowledge Economy of Korea selects products that have over 5% global market share, rank within the Top 5 in their market, and with international market worth over $50 million annually.

Among HHI's 31 certified products, 15 including marine diesel engine, FPSO(Floating Production Storage Offloading), bulk carrier, containership and tanker are the world's No.1.

The Marine Ring Main Unit is a distribution board to supply electricity to refrigerated containers. It is ranked as world's top product with the largest global market share of 68%. The 145kV GIS is ranked in the top 3 with market share of 13.7%.

Traditionally, HHI's world class products were mainly related to ships but recently certified products are related to electro electric systems, construction equipment and industrial?robots well reflecting HHI's transition to an integrated heavy industry group.

HHI plans to increase the number of World Class Product to 39 by 2012 through intensive research and development.