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Tue, October 16, 2018 | 23:14

Biz & Tech > Heavy industries >

Schindler files lawsuit against Korea for $300 million

Schindler Group has filed a lawsuit against the government asking for $300 million in compensation for the loss it suffered due to Hyundai Elevator's rights offerings between 2013 and 2015, according to the Ministry of Justice and the Swiss firm, Monday.

Heavy industries | 2018-10-15 16:38

[INTERVIEW] 'Aluminum boosts fuel efficiency, safety'

Novelis, a global producer of rolled aluminum and recycler of aluminum beverage cans, has been forging stronger ties with Korean automakers as its lightweight automotive aluminum makes it possible for them to boost fuel efficiency and passenger safety, according to the head of the firm's Asia-Pacific business.

Heavy industries | 2018-10-14 16:26

Shipbuilders show signs of turnaround

Hyundai Heavy and other shipbuilders have been showing signs of a turnaround in recent months as they have won a series of orders, outpacing their Chinese rivals, according to industry analysts Wednesday.

Heavy industries | 2018-10-10 17:39

POSCO Energy to cut ties with FuelCell Energy

POSCO Energy will end its money-losing partnership with FuelCell Energy in the near future, according to industry officials Sunday. Sources say the Korean energy producer has been in discussions with major investment banks about the sale of its 2.9 percent stake in the U.S. fuel cell power company.

Heavy industries | 2018-10-07 17:14

Low-skilled engineers, interns cover 10% of Asiana's aircraft maintenance: lawmaker

Min said Asiana's reliance on low-skilled engineers was higher than other airlines. The lawmaker said this had left Asiana “vulnerable to repeated errors in electronic systems and other programs in the aircraft cabin.”

Heavy industries | 2018-10-02 14:50

Hanwha E&C employees build libraries for the disabled

Hanwha Engineering and Construction (E&C) employees have built libraries for the disabled for the past eight years as part of the firm's social contribution programs to help the underprivileged.

Heavy industries | 2018-10-01 17:00

Building new container ships

Hyundai Merchant Marine CEO Yoo Chang-keun, left, shakes hands with Daewoo Shipbuilding & Marine Engineering CEO Jung Sung-leep after signing a contract on building seven 23,000 twenty-foot equivalent unit (TEU) container carriers at the latter's headquarters in Seoul, Friday. The shipper also signed deals on the same day on building five 23,000 TEU ships with Samsung Hea...

Heavy industries | 2018-09-28 17:34

Lotte E&C struggles in global market

Lotte E&C's ambitious bid to become a global builder has hit a snag as it is struggling to win construction projects abroad amid intensifying competition.

Heavy industries | 2018-09-27 17:11

Daewoo E&C seeks to build nuclear plants in Czech, Poland

Daewoo Engineering & Construction (E&C) is expanding its overseas nuclear power plants capacity.

Heavy industries | 2018-09-27 16:42

POSCO invests big to nurture future talents

POSCO, Korea's largest steelmaker, has valued the importance of talented people for the past five decades since its founding in 1968.

Heavy industries | 2018-09-27 16:41

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