Youngchang Heavy Industries Co., Ltd. is a comprehensive heavy industry company that started with bridge construction in 1996 and expanded its business into the plant and shipbuilding sectors. It possesses capabilities in the design and manufacturing of plant facilities used in petrochemical, chemical engineering, power generation, and refrigeration equipment. The company has expertise in producing various special bridges, including cable-stayed and suspension bridges. It is a company with the ability to construct high-value-added vessels such as bulk carriers, chemical tankers, and special ships. Recently, the company has focused on securing new growth engines through entry into the offshore wind power business and utilizing related sites.YoungchangHeavyIndustriesCo.,Ltd.isacomprehensiveheavyindustrycompanythatstartedwithbridgeconstructionin1996andexpandeditsbusinessintotheplantandshipbuildingsectors.Itpossessescapabilitiesinthedesignandmanufacturingofplantfacilitiesusedinpetrochemical,chemicalengineering,powergeneration,andrefrigerationequipment.Thecompanyhasexpertiseinproducingvariousspecialbridges,includingcable-stayedandsuspensionbridges.Itisacompanywiththeabilitytoconstructhigh-value-addedvesselssuchasbulkcarriers,chemicaltankers,andspecialships.Recently,thecompanyhasfocusedonsecuringnewgrowthenginesthroughentryintotheoffshorewindpowerbusinessandutilizingrelatedsites.
Key Products/TechnologiesKeyProducts/Technologies
Plant: Possesses technology for the design and manufacturing of plants used in petrochemical, chemical engineering, power generation, and refrigeration facilities. An annual production capacity of 100,000 tons. Product lines include land and offshore plants for industrial steel facilities, steel structures, oil refineries, and desalination plants.Plant:Possessestechnologyforthedesignandmanufacturingofplantsusedinpetrochemical,chemicalengineering,powergeneration,andrefrigerationfacilities.Anannualproductioncapacityof100,000tons.Productlinesincludelandandoffshoreplantsforindustrialsteelfacilities,steelstructures,oilrefineries,anddesalinationplants.
Bridge: Expertise in manufacturing all types of special bridges, including cable-stayed, suspension, arch, plate girder, box girder, and truss bridges. An annual bridge production capacity of 100,000 tons. Securing technological superiority through Level 1 bridge factory certification.Bridge:Expertiseinmanufacturingalltypesofspecialbridges,includingcable-stayed,suspension,arch,plategirder,boxgirder,andtrussbridges.Anannualbridgeproductioncapacityof100,000tons.SecuringtechnologicalsuperioritythroughLevel1bridgefactorycertification.
Shipbuilding: Capabilities in constructing various vessels such as bulk carriers, chemical product carriers, heavy lift carriers, container ships, LPG carriers, and special ships. An annual shipbuilding capacity of 7 vessels (based on chemical tankers and bulk carriers). Notably, experience in constructing 1,800-ton eco-friendly stainless steel chemical product carriers. A track record of delivering numerous vessels, including 34,000-ton bulk carriers, heavy lift carriers, and offshore support vessels (PSV), to leading global shipowners.Shipbuilding:Capabilitiesinconstructingvariousvesselssuchasbulkcarriers,chemicalproductcarriers,heavyliftcarriers,containerships,LPGcarriers,andspecialships.Anannualshipbuildingcapacityof7vessels(basedonchemicaltankersandbulkcarriers).Notably,experienceinconstructing1,800-toneco-friendlystainlesssteelchemicalproductcarriers.Atrackrecordofdeliveringnumerousvessels,including34,000-tonbulkcarriers,heavyliftcarriers,andoffshoresupportvessels(PSV),toleadingglobalshipowners.
Core AdvantagesCoreAdvantages
Diversified Business Portfolio: A stable business structure that organically links three core business areas: bridge construction, plant engineering, and shipbuilding.DiversifiedBusinessPortfolio:Astablebusinessstructurethatorganicallylinksthreecorebusinessareas:bridgeconstruction,plantengineering,andshipbuilding.
Strategic Location and Large-scale Production Facilities: The deep waters and port accessibility of the Sinan factory provide excellent location conditions for large vessel operations and as a hinterland base for offshore wind power equipment. Large-scale production facilities at the 330,000 square meter Sinan factory and the Gokseong factory.StrategicLocationandLarge-scaleProductionFacilities:ThedeepwatersandportaccessibilityoftheSinanfactoryprovideexcellentlocationconditionsforlargevesseloperationsandasahinterlandbaseforoffshorewindpowerequipment.Large-scaleproductionfacilitiesatthe330,000squaremeterSinanfactoryandtheGokseongfactory.
Proven Quality Management and Reliability: An international-level quality management system through ISO 9001, 14001, 45001, and ASME CODE (U-STAMP, S-STAMP) certifications. Outstanding reliability demonstrated by completing all projects without a single Refund Guarantee (R/G) incident.ProvenQualityManagementandReliability:Aninternational-levelqualitymanagementsystemthroughISO9001,14001,45001,andASMECODE(U-STAMP,S-STAMP)certifications.OutstandingreliabilitydemonstratedbycompletingallprojectswithoutasingleRefundGuarantee(R/G)incident.
High-Value-Added Special Ship Construction Capability: Focus on building special vessels, such as eco-friendly stainless steel chemical product carriers, securing high technological competitiveness.High-Value-AddedSpecialShipConstructionCapability:Focusonbuildingspecialvessels,suchaseco-friendlystainlesssteelchemicalproductcarriers,securinghightechnologicalcompetitiveness.
Securing New Growth Engines: Future growth potential through entry into the offshore wind power business and discussions for site leasing with global offshore wind power manufacturers. Collaboration with Technip Energy on floating offshore wind power projects.SecuringNewGrowthEngines:Futuregrowthpotentialthroughentryintotheoffshorewindpowerbusinessanddiscussionsforsiteleasingwithglobaloffshorewindpowermanufacturers.CollaborationwithTechnipEnergyonfloatingoffshorewindpowerprojects.
Extensive Cooperation Network: Establishment of cooperative relationships with major domestic heavy industry companies such as HD Hyundai Samho Heavy Industries and HD Hyundai Heavy Industries.ExtensiveCooperationNetwork:EstablishmentofcooperativerelationshipswithmajordomesticheavyindustrycompaniessuchasHDHyundaiSamhoHeavyIndustriesandHDHyundaiHeavyIndustries.
Target IndustrieTargetIndustrie
Petrochemical IndustryPetrochemicalIndustry
Chemical Engineering IndustryChemicalEngineeringIndustry