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Business Progress
July, 2003 |
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Examined the shipyards in China, and chose 7 candidate shipyards |
Aug, 2003 |
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Chose the Lingshan shipyard as the best appropriate candidate by surveying the conditions of the 7 shipyards |
Nov., 26, 2003 |
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Began the Undertaking and MOU |
Nov., 29, 2004 |
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Completed the Undertaking and Joint Venture Agreement |
April, 14, 2005 |
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Made other supplemental agreements |
May, 8, 2005 |
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Received a Business Permit from the Chinese government |
May 18, 2005 |
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Takeover of Management |
June, 10, 2005 |
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Board-Flagging Ceremony |
General Company Info.
Division |
Present Status |
Name |
QINGDAO HYUNDAI SHIPBUILDING CO.,LTD |
Date of Establishment |
5/8/2005 |
Location |
YongShan Weijin, Jiaonan, Qingdao, Shandong, China |
Type of corporation |
A Limited Liability Company |
Capital |
Registered capital : $40 million USD
(Total investment : we expect about 95million dollars) |
Rate of Quota |
Hyundai General Trading Company: 90%
Qingdao Lingshan Shipbuilding Co., Ltd: 10%
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Main Business |
Shipbuilding, ship design & sales
Design, production and sales of ship parts and semi-manufactured parts
Ship repairing, remodeling and other related business |
Capability |
Make, or repair 20,000ton ships |
Goal of Sales amount |
(2012 year) $250,000,000 USD |
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2,450 employees
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