[Sponsored Report] Hyundai E&C aims to grow with subcontractors
“In order to continue growing with our fellow companies under the difficult economic condition, we will have more active communication about today’s hardships and solutions for brighter tomorrow,” Hyundai E&C CEO Jung Soo-hyun said.
In April, 29 selected enterprises grabbed an opportunity to tour Hyundai’s overseas construction sites in Southeast Asia for free. They toured construction sites worth multi-millions of dollars including Singapore’s South Beach development project, an underwater rock cavern oil storage facility that contains 9.8 million barrels, and an award-winning condominium construction site. They also stopped by a residential and commercial complex site in Hanoi, Vietnam as well as the Asian Development Bank-led thermal plant project.
It has never been easy to have overseas inspection tours due to cost, lack of experience and support on immigration. Hyundai’s subcontractors absorbed the local market characteristics and the most up-to-date construction trends. It is the third year for the conglomerate passing on its knowledge and analyses to them, minimizing any possible risks for the rookies.
As the next step of the mutual growth effort, the construction giant will launch a support program, in which employees from the associate companies are dispatched to Hyundai sites for a certain period and build up their own global experiences.