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Hyundai Engineering & Construction Co., Ltd.

Company Detail

Description

Hyundai Engineering & Construction Co., Ltd. (HDEC) is a Seoul-based general construction company, established in 1947, subsidiary of South Korean Hyundai Motor Group. HDEC ‘s business area comprises civil and environmental engineering, construction, housing, nuclear and electric power plants. Some of HDEC's operations in Latin America include the Puente Chacao bridge consortium, made up of HDEC (50%), Brazilian company OAS (49%), and Norwegian-French conglomerate Systra-Ass Jakobsen (1%). The consortium is responsible for designing and building the Chacao bridge in southern Chile. The construction of the 2.75km, four-lane bridge is expected to be finished by 2020. In Venezuela, Hyundai Engineering and Construction Co. together with Hyundai Engineering Co. Ltd and Wison Engineering Services Co. Ltd. were awarded a contract in 2014 for the Puerto La Cruz Refinery expansion, worth approximately US$4.8bn. The refinery is located in the state of Anzoátegui and is expected to start operations in 2018. In Colombia, the company - together with the Ministry of Environment and Korea Environment Industry and Technology Institute (KEITI)- designed a master plan to improve sewage treatment facilities and pipe maintenance in the Cauca department; and in Uruguay, the company is part of the consortium in charge of building state-owned company UTE's Punta del Tigre Combined Cycle power plant, expected to start operations in 2016.

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