Hyundai Heavy Group Sets the Revenue Target for 2020

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South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, which includes the world’s largest shipyard, aims for a revenue of USD 15.9 billion in 2020, reports Marinelog.

Revenue target

The $15.9bn target, which is unchanged from last year’s goal, will come from the combined orders from the group’s three shipbuilding units including Hyundai Heavy Industries (HHI), Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard (HMD).

  • HHI said it aims to bag $8 billion worth of deals in 2020.
  • Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch deals worth $3.65 billion this year. In 2019, Hyundai Mipo Dockyard won orders worth $2.7 billion, achieving 76% of its annual order target of $3.53 billion.
  • Hyundai Samho Heavy Industries said it aims to secure orders worth $4.25 billion this year.

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Source: Marinelog