Iraqi top officials including Nechirvan Barzani, the prime minister of Kurdistan Regional Government visited Hyundai Heavy Industries (HHI) in Ulsan on Feb. 25.

Prime minister, Barzani looked around the shipyard and engine assembly shop with Humam Hammoudi, Head of Foreign Relations Committee of the Council, Karim Waheed Hasan, Misiter of electricity and 20 senior government officials.

“I hope HHI will take part in the Iraqi reconstruction work with their advanced technology such as oil exploitation, large construction projects and power transmission,” said prime mister Barzani expressing his trust in the Packaged Power Stations(PPS) which HHI produced and installed in Iraq.

HHI exported 180 units of PPS worth $420 million to Iraqi. The company expects additional order of PPS from Iraqi and plans to participate in the Iraqi reconstruction business.

 

About Hyundai:

 

Hyundai Heavy Industries (HHI), founded by the late Chung Ju-yung on March 23, 1972, wrote the first chapter of its shipbuilding history in June, 1974, by completing construction of the world's largest shipyard and two 260,000-dwt VLCCs all at the same time. A decade after its first delivery, the Hyundai Shipyard topped 10 million deadweight tons in aggregate ship production, and has maintained the leading position in the world shipbuilding market ever since. Hyundai Shipard's drive has mirrored the growth of modern Korean heavy industry, and its success has allowed it to expand into other heavy industry areas, ultimately leading to the formation of Hyundai Heavy Industries, an integrated heavy industry company.