The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.In February, pre-sales performance differed widely by construction project. While competition heated up for projects sitting in preferred locations with attractive prices, other projects were sign
Daewoo E&C has won a power generation project worth US$790 million (1 trillion won) in Libya.Daewoo E&C announced on Tuesday that it has signed a contract to carry out the Mellitah/Misurata Fast Track Power Generation Project with the General Electricity Company of Libya (GECOL).The project will bui
Daewoo E&C announced on March 3 that it has submitted the Provisional Acceptance Certificate (PAC) for the Ras Djinet Combined Cycle Power Plant (RDPP PJ) ordered by the Algerian Society of Electricity Production.Ground was broken for the construction of the power plant at the end of 2012, but the c
Korea’s big-three shipbuilders -- Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries -- have been landing orders for high-value-added vessels non-stop since the beginning of 2023. Their order intake exceeded 10 trillion won
The Ministry of Justice announced on March 1 that 1,595 visas for foreign shipbuilding workers were issued from January last year to January this year and those include 880 given to Vietnamese shipbuilding workers, followed by Thai (233), Uzbek (200), Indonesian (82) and Indian (56).The 1,595 worker
Daewoong Pharmaceutical announced on Feb. 24 that it has signed a contract to export Envlo, an SGLT2 inhibitor-type diabetes drug, to Brazil and Mexico, the largest markets in Central and South America.Starting with this export contract, Daewoong Pharmaceutical will actively penetrate the global mar
Samsung Bioepis's biosimilar Renflexis, SK Biopharmaceuticals' epilepsy drug Xcopri, and Daewoong Pharmaceutical's botulinum toxin Nabota, are expected to exceed US$200 million in U.S. sales this year.The Renflexis sales added up to US$196 million last year. According to industry sources
POSCO International announced on Feb. 22 that it has obtained the right to explore and operate an offshore natural gas field in Indonesia.The company secured the right to develop the Bunga Sector through an international tender organized by the Indonesian government. It formed a consortium with PHE,
Program Executive Office Ships (PEO Ships) visited Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and HJ Heavy Industries early this month.PEO Ships is one of the U.S. Defense Department's largest acquisition organizations. It manages the design and construction of destroyers
The Export-Import Bank of Korea (Korea Eximbank) has dismissed the rumor that the state-run bank would sell off Korea Aerospace Industries (KAI) to Hanwha Group."We have no plan to sell off KAI,” said Yoon Hee-sung, chairman and president of Korea Eximbank. “There is no need to sell KAI, either.”Yoo
Daewoong Pharmaceutical announced on Feb. 15 that it has filed for a court injunction to suspend the execution of the court's first trial ruling in a lawsuit filed by Medytox claiming that Daewoong stole its trade secrets regarding botulinum toxin.Earlier, on Feb. 10, the Seoul Central District
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed.Dental implant exports climbed 6% y-y in January, showing disappointing results towards China but reconfirming a growth trajectory in early-February. We draw attention to the particularly robust growt
Daewoo E&C vice chairman Jeong Won-joo donated 100 million won to the Korean Red Cross on Feb. 15 for the restoration of earthquake damage in Turkey and Syria.The company said the donation will be used for relief goods for the quake victims in Turkey and Syria and reconstruction in earthquake-strick
Daewoo Shipbuilding & Marine Engineering recently signed a 314.5 billion won contract to supply one LNG carrier to an Oceanian shipowner. It is the company’s first contract this year and the ship is scheduled to be delivered in the first quarter of 2027.This year, the three major South Korean shipbu
A delegation of the Ministry for Foreign Affairs of Finland visited Daewoong Pharmaceutical on Feb. 7.The delegation headed by Health and Wellness Ambassador Päivi Sillanaukee looked around the South Korean company’s facilities and they shared information on the two countries’ health-related industr
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Following on from January, we maintain a Neutral rating for the construction sector. While announcing its proactive real estate market measures, the government made it clear that it does not inte
Chinese shipyards are expanding their production capacity for high value-added ships such as liquefied natural gas (LNG) carriers.China’s largest shipbuilder Hudong-Zhonghua Shipbuilding, which is a subsidiary of China State Shipbuilding Corp. (CSSC), announced a plan to double its LNG carrier produ
Daewoo E&C announced on Feb. 2 that it has won the Kaduna Refinery quick fix project from Kaduna Refinery and Petrochemical Co. (KRPC), a subsidiary of the Nigerian National Petroleum Corp. (NNPC).This private contract is the same as the Warri Refinery quick fix project contract signed with Warri Re
Korea’s major shipbuilders are landing orders for high-priced ships. They have already secured orders enough to keep them busy for the next three to four years, and their shipbuilding slots have already been fully filled. They are planning to selectively win orders for high-priced and high-value-add
As in 2022, Korean shipbuilders are expected to receive many orders for high value-added ships this year. Expectations for an earnings improvement are rising as orders for tankers and offshore plants are likely to revive, along with continued demand for LNG carriers.Korea Shipbuilding & Offshore Eng