|
|
 |
 |
 |
|
|
|
 |
 |
 |
|
|
|
* |
Our Shipyard has excellent conditions for shipbuilding enterprises such as: warm weather, low amounts of rainfall, low waves, low tides, low humidity, and also in the area are: the mid to large sized Beihai shipbuilding Co., Ltd and other mid to small sized shipyards. As you can see, the entire basic infrastructure is complete, so there is an unlimited supply of electricity and industrial water, and also we are only 50 minutes away from the Qingdao International Airport, and the access road of the shipyard is very organized, which makes it easier for customers to visit us. |
|
|
| * |
In addition to the 56,000 Pyeong (184,800㎡) tha t we use is surrounded on 3 sides by the sea, we have additionally purchased 74,000 Pyeong (244,000㎡) that already registered as an industrial area, and in 3 years we will be able to execute a purchase option for about 76,000 more Pyeong (250,000㎡) , in order to expand and diversify our business, and make a shipbuilding related business. Moreover, because we are located on the planning line of the Submarine Tunnel which will be opened in Apr. 2011 between Qingdao and Huangdao, we expect that our property value will increase.
|
|
|
| * |
As our skillful workforce equipped with long industry experience and accumulated technology, has shown high loyalty for the company and very low rate of labor turnover, our company is qualified with relatively high labor productivity and strong cost competitiveness. Especially, providing continuous job training and education for the young labor with great potential, we have secured qualified loyal labor, which is one of our valuable assets. |
|
|
| * |
Because our harbor facilities are unable to accommodate larger ships and many other container companies make bigger ships to lower the prices, we expect that our under 1,500 TEU Feeder ship will be in continuous demand for a while. In addition, because of the strict environmental restrictions that made the double hull a requirement, we expect that replacements for older oil product ships will be in high demand. Therefore, Qingdao Hyundai Shipyard will try to increase our producing ability using the advanced technologies of Korea, and with the increased marketing ability that comes with the Hyundai name. For these reasons, we will have the best facilities and equipment for the construction of 10,000 ~ 20,000 ton multipurpose cargo ships which are the best for world niche marketing, oil product cargo ships, and container ships, etc. |
|
|
| * |
We have already received positive support such as: tax exemption, financial support, customs clearance, road support, telephones, electricity, and water by China's shipbuilding policy and the foreign business enticement policy of the local Chinese government. |
|
|
|
|
|
 |
|
 |
|
|
|
 |
