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SteelGuru
SteelGuru (steelguru.com) has great GM Daewoo news, photos, videos and more
Thursday, Aug 6
Korean shipyards may post a combined 27pct profit gain
According to estimates compiled by Bloomberg, profit may jump to KRW 953.2 billion for Hyundai, Daewoo Shipbuilding & Marine Engineering Co and Samsung ...
Monday, Jun 8
S Korea secured 40% of world ships order in 2007 - BIMCO
India Daewoo and Samsung, along with Hyundai and Hanjin, became industrial giants overnight, with shipbuilding regarded as a major part of this expansion. In 1974, South Korea was capable of building a very large crude carrier of 260000 tonnes and expanding ...
Saturday, Jun 6
Daewoo Shipbuilding bags order worth USD 45 million
India The deal with a Dutch company calls on Daewoo Shipbuilding to deliver the vessel by the end of 2010. The order came at a time when Daewoo Shipbuilding and other South Korean shipyards have suffered a plunge in new orders. Shipyards in South Korea ...
Thursday, May 21
POSCO looking to buy troubled local shipping company
India The steelmaker said it had been approached to buy troubled Daewoo Logistics and was in the process of checking financial and other details. Company officials refused to disclose more details, saying the plan is still in the initial stages. ...
Slowdown signs - GM Uzbekistan JV reduces auto output
India The company also produced 5032 Lacetti models in the period after launching production of this model in November 2008. UzDaewooAuto was established on a parity basis by the government of Uzbekistan and South Korea's Daewoo Motor. ... Road Test: Chevrolet Epica Coventry Telegraph
Wednesday, May 20
Gasco to invite tenders to upgrade Abu Dhabi gas infrastructure
India Contractors invited to bid on the package include Athens based Consolidated Contractors Company and South Korean firms Daewoo Engineering & Construction, GS Engineering & Construction, Hyundai Heavy Industries, Samsung Engineering & Construction and SK ...
Monday, May 4
Slowdown signs - South Korean April auto sales drop by 16%
India Kia's total sales in the January to April 2009 period reached 399200 units, down by 14.5% YoY. GM Daewoo Auto & Technology Co said that its sales plunged 46% YoY to 43655 units. In the first four months of the year, the carmaker's sales dropped 44.5% ...
Iran and North Korea to manufacture Daewoo buses in Ardebil
India Mr Saeid Khademi MD of Ardebil Sabalan Khodrow-Maywan Company said at the ceremony that "according to the text of the preliminary agreement, the Korean side is committed to complete the production lines of Daewoo city buses and coaches capable of ...
Saturday, May 2
Daewoo Mangalia sees flat turnover in 2009
India The Daewoo Mangalia Heavy Industries, owned by Korean Daewoo Shipbuilding & Marine Engineering, estimates its business will stagnate in 2009 at the EUR 600 million level registered in 2008, but expects a 40% rise in 2010. Mr Vasile Iorga GM of DMHI ...
Friday, Apr 17
S Korean shipyards launch new businesses as orders shrink
India Daewoo Shipbuilding & Marine Engineering Co is also actively engaged in a construction project. It recently signed a mou with the government of Oman to develop an industrial area there. If finalized, the estimated at KRW 15 trillion deal will be the ...
New Aramco supertanker from Daewoo Shipbuilding enters service
India Arabian O & G reported that Vela International Marine Limited's Saiph Star ordered from Daewoo Shipbuilding and Marine Engineering, entered service March 19 after a naming ceremony at the South Korean shipyard. Mr Majid Al-Mugla ED of Aramco project ...
Wednesday, Apr 15
Slowdown signs - South Korean builders Q1 overseas orders down by ...
India The biggest local builder Daewoo Engineering & Construction Co has received overseas orders worth USD 508 million in the first quarter, down by 50% YoY from USD 1.02 billion a year ago, and GS Engineering & Construction Co has won USD 132 million worth ...
Monday, Apr 13
South Korea unveils auto industry support package
India Hyundai Motor Co, Kia Motors Corporation and Renault Samsung Motors seem to be doing better than their foreign owned competitors, according to industry executives. Ssangyong Motor Co under court receivership and GM Daewoo Auto & Technology Co are ...
Friday, Apr 10
India recommends imposition of AD duty on CR flat SS
India For Hyundai Corporation, it is USD 171.37 a tonne for 400 series, for SK Networks it is USD 235.02 a tonne for 400 series, for LG Intl, it is USD 74.87 a tonne for 400 series, for Daewoo Intl Corporation, it is USD 163 a tonne for 400 series. ...
Wednesday, Apr 8
Analysts see Korean steelmakers earning plunge in Q1
India The local steel industry's profitability is higher than that of other markets because Korean steelmakers have better technologies and cost reduction strategies." Mr Yang Ki in analyst with Daewoo Securities forecast that the steel industry's earnings ...
South Korean auto industry becoming more competitive
India It may be noted that heads of carmakers like Hyundai, Kia, GM Daewoo, Renault Samsung and Ssangyong agreed last month to strive for greater flexibility in production and labor, even though this proposal was deemed inadequate and similar measures have ...
Thursday, Mar 26
Stimulus plans - S Korean shipbuilders call for financial support
India Samsung Heavy also saw its cash and cash equivalents drop to a KRW 2 trillion level recently from KRW 3.37 trillion at the end of September. Daewoo Shipbuilding & Marine Engineering Co is also considering tapping the local bond market this month to ...
Sunday, Mar 22
Korean shipyards and other firms queue up to sell debt
India Hyundai Heavy plans to spend KRW 1.43 trillion this year to build a new yard and purchase shipbuilding equipment. Daewoo Shipbuilding also plans to spend about KRW 500 billion to add cranes and build a floating dock. Other major South Korean companies ...
Wednesday, Mar 4
Slowdown signs - South Korean February car sales down by 8% YoY
India GM Daewoo sales dropped by 30.4% to 43596 units in February 2009. Faced with a looming liquidity crisis, GM Daewoo has sought KRW 1 trillion in financial assistance from the nation's state run Korea Development Bank. Renault Samsung was the only ...
Sunday, Mar 1
Slowdown signs - GM Daewoo extends plant shutdown
India It may be noted that GM Daewoo Auto & Technology Co has been idling its 3 plants in South Korea since early December 2008 as mounting financial woes at GM and the global economic downturn have dried up the company's cash reserves.
Thursday, Feb 26
Slowdown signs - Shipbuilding cancellations hit by falling won
India South Korean yards have a combined order book worth about USD 200 billion, but the contracts most at risk of cancellation will be those placed in 2008 where construction has yet to progress significantly. Daewoo Securities estimates that South Korean ...
