Daelim announced to become a green company by dominating the new green energy and technology market which secures the future growth engines

Daelim is looking for a new growth engine in the green industry. The company has set 2010 as the year it begins green management and announced its intention to become a green growth company.

Daelim has been pushing ahead with not only drastic innovation in the fields of business activity and corporate culture by suggesting that green construction products create a green life style, but also its Green Habit campaign, which is being conducted at its headquarters and other internal and external sites.

Green construction, which involves adopting green and low energy equipment, will be applied to all apartment construction sites, with the company aiming to reduce carbon dioxide (CO2) discharge from construction sites and construction waste by about 20 percent. Daelim has selected three green business areas as part of its policy: offshore wind energy, green low energy and nuclear power generation business, and intends to dominate these markets in order to secure future growth engines.

The company is planning to secure offshore wind power business through technical cooperation with market leaders. Meanwhile, its green and low energy construction department has expanded its investment in research and development, as well as announced that it will have finished development of a zero energy consumption “ECO House” by 2012. Daelim has selected five eco technology fields, such as energy saving and energy efficiency and aims to expand the localization and commercialization of green home core technology by employing qualified experts and a strategy task forces in its business division. The president of Daelim Kim Jong-in said, “Low carbon green growth is no longer a matter of choice and new challenges and other opportunities that we have to overcome,” adding, “Daelim must grow as an eco-friendly company, and one which represents Korea.”

Meanwhile, Daelim is emerging as a front-runner in the overseas plant industry, with five projects worth US$ 2.2 billion in Saudi Arabia currently in progress. In 2009, Daelim achieved overseas order worth 3.8 trillion won, including construction of the Jubali Refinery in Saudi Arabia. Daelim also announced that it had won the Vietnam harbor construction project worth US$ 138 million in conjunction with Samwhan Corporation.

This project, which involves the construction of a 325,000m2 terminal and an 800m dock, will be implemented in the form of a joint venture, which Daelim and Samwhan Corporation holding a 51 percent and 49 percent share, respectively. It is scheduled to be completed in October 2013.

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