The technological prowess of Samsung C&T Corp. is being recognized internationally following the successful completion of two units of the Uljin Nuclear Power Plant and two units of the New Wolseong Power Plant. Furthermore, the company has enjoyed diversified exchanges with global leaders in the nuclear power station industry with the aim of making a foray into the world nuclear power generation market.
Most of all, Samsung C&T has created a wide network and secured trust from people in the United Arab Emirates by constructing Burj Dubai, the tallest building in the world and a major road as well as successfully completing the al-Shuweihat S2 Project in Abu Dhabi. Furthermore, Turkey and Finland have shown great interest in Korean-type nuclear power plants, while Saudi Arabia, Jordan and Southeast Asian countries have announced plans to build nuclear power plants. As a result, the company is planning to develop such markets more actively. For the long run, Samsung C&T is planning to export Korean manufactured nuclear power plants to advanced nuclear power generation markets such as France, the U.S., and the U.K. in the future after the construction of the planned nuclear power plants in the UAE.
Samsung C&T is cementing its position as a leading global contractor thanks to its experience in power plants, super high-rises, advanced intelligent buildings and high-level civil engineering work.
In particular, the company has secured its position as a leading company in the global skyscraper and civil engineering sectors, as shown by the successful completion of Burj Dubai, the tallest building in the world and the Incheon Grand Bridge, the world’s fifth longest cable-stayed bridge.
In 2006, Samsung C&T received recognition of its nuclear power plant construction capabilities by winning the Korea Nuclear Power Generation Gold Prize at the Korea Nuclear Power Awards. The company has secured technologies to build Korean-type standard power plants in the shortest period while accomplishing technological independence, as shown by the successful completion of the Uljin Power Plant Units 5 and 6.
After building the Uljin Power Plant Units 5 and 6, Samsung C&T received orders to build the New Wolseong Power Plant Units 1 and 2. The company began the New Wolseong Power Plant Project in November 2007 and aims to finish Unit 1 in March 2012 and Unit 2 in January 2013. As a result, this project will be the shortest construction process in the history of nuclear power plant construction. The New Wolseong Power Plant Units 1 and 2 Project is playing a leading role in developing overseas markets by shortening the construction period and employing advanced construction management with advanced engineering methods.
Samsung C&T is building the main facilities for low and intermediate level radioactive waste disposal for Korea Hydro and Nuclear Power Corp. The radioactive waste disposal facility will be Korea’s first and the world’s largest. The first phase will create storage for 100,000 drums, with the site in Bonggil-ri, Gyeongju City ultimately being able to store 800,000 drums after completion.
Samsung C&T is confident of taking the lead in the power generation engineering, procurement and construction (EPC) business in the global market. Therefore, the company is planning to secure world-class power generation EPC capabilities via strategic ties while securing excellent human resources at both home and abroad. Harnessing these strengths, Samsung S&T will reinforce its business activities in overseas markets such as Jordan, Turkey and Ukraine. It is expected that the global nuclear power plant market will place orders for more than 400 power plants in the future.