The Korea Herald

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Samsung C&T makes strides in new areas

By Korea Herald

Published : May 23, 2013 - 20:00

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Samsung C&T, a global construction and trading arm of Samsung Group, said Wednesday its growth engines, including power plants, health care and mining, have been making progress.

For the past three years, the company has invested in securing high-caliber human resources and technologies as well as innovating management and pushing aggressive global marketing strategies. As of May 2013, the company has already won $7 billion worth of contracts, which is 65 percent of this year’s sales target.

In March, the company won a $5.8 billion Roy Hill contract in Western Australia. The project is to construct infrastructure such as a 340-km railway, a port, and an iron ore processing plant.
Shuweihat S2, an independent power generation and water desalination plant in Abu Dhabi, UAE (Samsung C&T) Shuweihat S2, an independent power generation and water desalination plant in Abu Dhabi, UAE (Samsung C&T)

In the second quarter, the company is expected to be awarded a contract to build the Rabigh II Independent Power Plant in Saudi Arabia.

During the second half of the year, the company is planning to sign a contract to build a large hospital in Turkey. Samsung was selected as a preferred bidder last year.

“We look forward to reaping what we sowed for the first time since we started the health care business, ranging from planning through building and operating a hospital,” a company official said in a press release.

According to a source, the company is currently engaged in a lot of city development plans in emerging economies by combining its strengths and trying to meet the customers’ needs.

On the other side, the company also focuses on making progress in countries where the construction industry is highly developed. All of these strategies are in line with the company’s goal to be a top class construction firm in the world.

By Choi In-jeong (injeongchoi@heraldcorp.com)