Hyundai Heavy Industriesיונדאי
Hyundai Heavy Industries (HHI) is the world's largest shipbuilder and among the top five manufacturers in other heavy industries.
The company's construction equipment division manufactures excavators, wheel loaders, skid steer loaders and forklift trucks, which are distributed in Israel through Efco Equipment -a large Israeli importer of construction machinery.
Hyundai's track excavators were used in many house demolitions in the Palestinian neighborhoods of Beit Hanina, Silwan, Tsur Baher, Issawiya and At-Tur in East Jerusalem. The company's tools also preformed demolitions in Beit Jala and in the villages of Jawaya and Derath in the South Hebron Hills.
On September 7th of 2016, the company was documented demolishing the house of Mr. Bassam Jamil Ibrahim in the village of Majdal Shams in the occupied Syrian Golan, reducing it to concrete rubble. On November 8th 2016, the company was documented again demolishing another Palestinian house in Issawiyya, a Palestinian neighborhood in East Jerusalem. For the full update on both demolitions please click here.
The models used for all of these tasks are: 320LC-7, 320LC-9, 290LC-9 and 450LC-3.
Major shareholders: M.J. Chung (10.2%); Hyundayi Mipo Dockyard Co. (7.98%); KCC Corporation (7.01%); Hyundai Motor Company (2.88%); Asan Foundation (2.53%); and Posco (1.94%).
CEO and President: Lee Jai-Seong
Revenues: 39.33 billion USD (2015)
Major sudsidiaries: Hyundai Mipo Dockyard (42.3%), Sejin Heavy Industries Co. Ltd (13.1%), Hyundai Merchant Marine (2.63%), Hyundai Corporation (2.99%), POSCO (1.51%).
Other subsidiaries: Hyundai Mipo Dockyard Co., Hyundai Venture Investment, Hyundai Corporation, Hyundai Samho Heavy Industries, Hyundai Futures , Hyundai Oilbank, Hyundai Finance Corporation, Hyundai Oil Terminal, Mipo Engineering, Wartsila Hyundai Engine, Hyundai Cummins Engine, Komas Corporation, Hyundai Shell Base Oil, Hi Investment & Securities, Hi Asset Management, Ulsan Hyundai Football Club and Hotel Hyundai Co.
The company has 50 overseas offices and production sites.
1, Jeonha-dong, Dong-gu
Hyundai excavators during a house demolition | Silwan, occupied East Jerusalem | Nov 2009 | Video by Mahmoud Qaraeen
CORPORATIONS by tags