Samsung C&T Corporation
|Traded as||KRX: 000830|
|Headquarters||Samsung Town, Seoul, South Korea|
|Chi Hun Choi, President & CEO
Shin Kim, President & CEO (Trading & Investment Group)
|Services||Construction and Civil Engineering|
|Revenue||KRW 28,446 billion (2014)|
|KRW 286 billion (2014)|
|Total assets||KRW 29,506 billion (2014)|
|Total equity||KRW 13,672 billion (2014)|
Number of employees
Samsung C&T Corporation (C&T = Construction&Trading) (formerly Samsung Corporation) (Korean: 삼성물산), established in 1938, is the original company of the Samsung Group and currently consists of the Engineering & Construction Group and the Trading & Investment Group. The company was renamed from Samsung Corporation to Samsung C&T Corporation in 2007. The Samsung Group is South Korea’s largest conglomerate with interests in construction, electronics, chemicals, finance and numerous other fields.
Samsung C&T was founded in 1938. In 1975, it was designated as a general trading company for overseas transactions. In 1995, Samsung's construction business was added to the company, giving it dual business lines in trading/investment and engineering/construction.
In May 2015, Samsung group company Cheil Industries announced plans to acquire Samsung C&T for $8 billion, in a transaction viewed as consolidating Samsung heir Lee Jae-yong's control over the Samsung Group. Elliott Associates, an American hedge fund that owned 7.1% of Samsung C&T's stock, opposed the transaction and attempted to block it in court on the basis that it was not in the best interest of shareholders.
Engineering & Construction Group
- The Petronas Twin Towers in Malaysia are 452 meters high (88 floors) and are ranked the 7th tallest in the world. The Taipei 101 in Taiwan is 508 meters tall (101 floors) and the 4th tallest in the world. The Burj Khalifa in Dubai is 828 meters tall (162 floors) and by far the tallest building in the world. Samsung C&T built Tower 2 of the Petronas towers (the first one completed) as well as the Taipei 101 and the Burj Khalifa, three of the world's ten tallest buildings.
- Industrial Plants & Power Plants
- UAE Shuweihat S2 IWPP (1,510MW)
- UAE Baraka Nuclear Power Plant Unit 1,2,3,4 (5,600MW)
- UAE EMAL Phase 2 CCGT (1,023MW)
- Saudi Qurayyah IPP CCGT (3,927MW)
- Saudi Rabigh 2 IPP CCGT (2,060MW)
- Algeria Mostaganem CCGT (1,450MW)
- Algeria Nama CCGT (1,163MW)
- Malaysia Prai CCGT (1,071MW)
- South Korea Dongducheon IPP CCGT (1,880MW)
- South Korea Uljin Nuclear Power Plant Unit 5,6 (2,000MW)
- South Korea Sinwolseong Nuclear Power Plant Unit 1,2 (2,000MW)
- Singapore GMR CCGT (760MW)
- Singapore LNG Terminal
- Civil Infrastructure
- Samsung C&T built the Yeongjong Bridge, the world’s first three-dimensional self-anchored suspension bridge, as well as the Incheon Grand Bridge, the world’s fifth longest cable-stayed bridge.
- Australia Roy Hill Mining Project
- UAE Al Salam Tunnel/Underground Roadway
- UAE Deep Tunnel Sewerage System
- Qatar Lusail Road Construction
- Qatar Doha Metro
- Saudi Riyadh Metro
- South Korea Busan New Port
- Housing & Building
- Reliance Mumbai convention center. Cited to be on par with Dubai and Singapore convention centres. On same grounds of Madison Square gardens.
- UAE Cleveland Clinic
- Saudi Tadawul Tower
- Saudi Al Rajhi Bank Head Office
- South Korea Dongdaemun Design Plaza
- Raemian Apartment, National Customer Satisfaction Index (NCSI) Award for 17 consecutive years
Trading & Investment Group
- Energy & Environment - Power Generation, Bio Energy, Plant
- Chile BHP Kelar CCGT (517MW)
- Canada Ontario Wind Farm
- Mexico Manzanillo LNG terminal
- Natural Resources - Oil/Gas, Coal, n, Metals & Minerals
- Industrial Materials - Steel, Chemicals, Electronics, Textiles
- Samsung Group
- Samsung Engineering
- Samsung Electronics
- Samsung Life Insurance
- Samsung Heavy Industries
- Samsung SDS
- Samsung Techwin
Notes and references
- "Samsung C&T Corp IR Information".
- "Samsung C&T at a Glance". Samsung C&T. Retrieved 11 June 2015.
- Lee, Min-Jeong (10 June 2015). "Samsung C&T Adds New Stakeholder to Support Takeover". The Wall Street Journal. Retrieved 11 June 2015.
- Samsung C&T Corporation - Official Website
- Engineering & Construction Group - Official Website
- Trading & Investment Group - Official Website
- Samsung C&T, E&C Americas - Official Website
- Raemian (Korean)
- Yahoo Finance