- A 50,000 ton-grade 290 meter-long pier construction worth nearly 54 billion won - The new pier set to play a role as a bridgehead to global car markets - Amco to reduce the proportion of construction orders from Hyundai Motor Group down to 60% by winning more orders from private companies and government agencies
Hyundai Motor Group’s construction company, Amco participates in the pier construction for Dangjin port in Pyeongtaek, which will be developed into a logistics hub for Seoul Metropolitan Area and mid-western part of the Korean peninsula.
Amco (Representative Director: Kim Chang-hee www.amco.co.kr) announced that it jointly entered into a pier construction contract with GS construction. The 54 billion won contract commissioned by the Regional Maritime Affairs and Fisheries Office is to construct Pier No.12 of Dangjin port in Pyeongtaek.
The construction project to add a new berth to the pier at Dangjin port in Pyeongtaek will be launched in April and completed in September 2010. The berth No.12 to be jointly built by Amco and GS Construction is 290 meter long facility alongside which a 50,000 ton grade ship can anchor.
Among the eleven piers under construction for Dangjin port in Pyeongtaek, Amco is building piers No. 9 and 10 with Halla Construction, and No. 11 with GS Construction. Piers No. 9 and 10 will be completed in June this year, and No.11 by October 2008.
By winning the construction order for berth No. 12, the company became to build all four berths, which are piers for shipping cars, among the total of twelve piers at Dangjin port, Pyeongtaek.
When completed in 2010, the four piers are expected to export more than three million new and used cars.
An Amco official said,“Located nearby China, Dangjin port in Pyeongtaek has the best geographical condition for expert. The piers for car shipment to be constructed by Amco are expected to serve as a bridgehead to global car markets.
In fact, the number of cars exported through Dangjin port accounted for 31% of the nation’s car exports for five years from 2001 and 2005. Given the point, Korea’s car exports are expected to increase from 2008.
Amco, which had won construction orders mostly from Hyundai Motor Group, is receiving an increasing number of orders from the government agencies and private companies as shown in its signing a contract to develop a 260,000 pyeong modulation industrial complex in Ulsan and participation in Chungju Corporate City development.
The company plans to boost competitiveness by reducing the proportion of revenues from Hyundai Motor Group orders and winning more projects commissioned by government agencies and private companies.
Meanwhile, Amco’s technological prowess has been highly recognized, as the company successfully built 50,000 to 200,000 ton piers during the Hyundai Steel’s Dangjin plant construction project. The end.
* Photo : Jointly with GS Construction, Amco won the order to build berth No.12 for Dangjin port in Pyeongtaek. The image is the aerial view of Dangjin port, Pyeongtaek.