UANI Continues GAO Campaign with Call for Hyundai Heavy to Pull Out of Iran

NEW YORK, Dec 14, 2011 (BUSINESS WIRE) -- On Wednesday (December 14, 2011), United against Nuclear Iran (UANI) called on Hyundai Heavy Industries (Hyundai Heavy) to end its business activities in Iran.

In August, the U.S. Government Accountability Office (GAO) identified Hyundai Heavy as one of two corporations that is expanding and upgrading Iran's refining capacity, a point of great concern given that Iran's energy sector is dominated by the Islamic Revolutionary Guard Corps (IRGC), a well-known terrorist entity.

In a letter to Hyundai Heavy executives, UANI President, Ambassador Mark D. Wallace, wrote:

Hyundai Heavy's ongoing and expanding business ... directly supports [Iran's] ability to fund an illegal nuclear weapons program and sponsor terrorist activities throughout the world and the United States, as demonstrated by the recent disclosure of an Iranian terror plot to assassinate a foreign official on American soil.

Hyundai Heavy has a long history in Iran, starting with its establishment of an office in Tehran in 1990. Within the past few years, Hyundai Heavy has constructed crude oil tankers for Iran valued at $2.4 billion. Currently, Hyundai Heavy is delivering processing equipment and a project generator to the Arak refinery. According to a report by the U.S. Government Accountability Office (GAO), Hyundai Heavy is one of only two corporations in the world that is expanding and upgrading Iran's refining capacity.

Hyundai Heavy's business operations in Iran's energy sector have attracted particular attention here in the United States because Hyundai Heavy also has extensive business dealings with the U.S. government. In the past 10 years, Hyundai Heavy and its subsidiaries Hyundai Oil Bank and Hyundai Corporation have received more than $350 million in federal contracts, mostly with the Department of Defense. (USASPENDING.gov) Hyundai Heavy has been singled out in the GAO report as one of only two firms involved in Iran's energy sector that also receives U.S. contracts because such activity is inconsistent with the provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ("CISADA").

As part of its GAO Campaign, UANI has called on South Korean conglomerate Daelim and Italian Energy Company Edison, also identified by the GAO, to end their business in Iran.

UANI has requested a reply from Hyundai Heavy by December 19, 2011.

Hyundai Construction new Head-Quarters opens in Georgia USA; plant in works

Hyundai Construction Equipment Americas Inc under the Hyundai Heavy Industries Group on Wednesday (December 7, 2011) opened its new 217,000-square-foot headquarters in Norcross, Ga., which will bring 100 jobs to the area. During an opening ceremony, company president John Lim announced the company will in a few years build a manufacturing plant in Georgia, reported the Gwinnett Daily Post.

Georgia Gov. Nathan Deal joined state and local officials in Norcross Dec. 7 at the opening of Hyundai Construction Equipment Americas Inc.'s headquarters.

Gov. Nathan Deal said the new headquarters and announcement of a new plant show Georgia is a great place to do business, the Gwinnett paper reported.

The company, a subsidiary of Ulsan, South Korea-based Hyundai Heavy Industries Co., is moving its main offices from Elk Grove Village, Ill.

Hyundai Construction Equipment officials expect to invest $10 million in the new headquarters and create 100 jobs over the next five years.  The 217,000-square-foot facility at 6100 Atlantic Blvd. will include warehousing and an employee training center.

"Our new headquarters here in Gwinnett will be ideal as we grow our business for the future," Lim said.

The site on Atlantic Boulevard will sell heavy equipment and house an employee training center.

No additional details were provided about the manufacturing plant.

Future plans include adding a manufacturing plant in Georgia in the next several years to build the company's excavators, forklifts and loaders.

John Lim, president of Hyundai Construction Equipment, said the state's logistical advantages prompted the headquarters relocation.

"We needed a facility that was strategically located not only for access to markets in the Southeastern United States, but to the rest of North America, and to South and Central America as well," Mr. Lim said in a news release.

Company Vice President Kirk Gillette added that tax incentives and the area's educated workforce were factors in the move.

The headquarters opening drew members of the Georgia Department of Economic Development, Gwinnett Chamber of Commerce and Gwinnett County Board of Commissioners, as well as Norcross Mayor Bucky Johnson.

hiring: Senior CAD Operator (Archi/Struct/MEP)

Hyundai Engineering & Construction Co. Ltd
Hyundai Engineering & Construction Co. Ltd., the leading contractor in Korea and ranked 23^rd International Contractor (2010), invites qualified applicants in the Philippines for various positions in its new South Beach Mixed Development Project in central Singapore.  Applicants must meet the following minimum requirements:

(Sr.) CAD Operator (Archi/Struct/MEP)
Temasek (Central/South) 

Requirements:

• Relevant degree/diploma
• Min. 7 (for Sr CAD) or 3 yrs experience

---

To apply, please email your CV with recent photograph to

vivian@hdec.com.sg

 

Only shortlisted candidates will be notified.

	Non-member

Hyundai Engineering work on $600m oil and gas plant in Musandam begins

KHASAB (MUSANDAM): Oman Oil Company Exploration & Production (OOCEP) started work last December 5, 2011 on a green field oil and gas processing plant at Bukha in Musandam governorate. Once commissioned, the natural gas produced by the plant will feed a 120MW power plant coming up in Bukha.

The $600 million gas processing plant, built by Hyundai Engineering Co. Ltd, will get its feed stock from Bukha and West Bukha oil fields operated by RAK Petroleum.

"The total capacity of the gas plant will be 20,000 barrels of oil per day and 45 million cubic feet of treated gas. This project will also entail construction of 23km of subsea pipeline to bring products from West Bukha field to the plant, storage facilities for oil, a jetty for exporting oil and eventually, another four kilometers of export pipeline for the crude oil," Salim bin Zaher Al Sibani, chief executive officer of OOCEP, told visiting journalists, on the sidelines of the foundation stone laying ceremony here Monday 5^th December 2011.

The oil and gas processing plant, which is called Musandam Gas Plant, is expected to start operation in the fourth quarter of 2013. This will coincide with the completion of the proposed power plant.

Al Sibani said the processed gas is for building a power plant with an initial capacity of 120MW, which can be scaled up to 240MW. "It is in the design stage and tendering process has already started. We expect construction of the power project to start by early 2012, with the commissioning scheduled in the fourth quarter of 2013," noted the CEO.

Al Sibani expects that additional gas will be available for industries in Musandam.

"We are also planning to inter-connect the Musandam gas grid with the UAE through Ras Al Khaimah."

Currently, oil and natural gas produced from Bukha field goes to Khor Khawair processing plant in Ras Al Khaimah in the UAE.

The OOCEP chief also said that the West Bukha field currently produces only 20 million cubic feet of gas per day.

"However, we are expecting further development in the field as they are drilling additional wells."

This will result in supplying the required 45 million cubic feet. "The plant will initially cater to West Bukha field. However, it can take feedstock from new fields that are going to come up in Musandam."

Additional supply

He noted that the development of blocks 17 and 40, which are part of Musandam governorate, will help in additional supply of natural gas for the processing plant. "We understand that PetroTel will execute appraisal and exploration activities at block 17 by 2012."

The foundation stone laying ceremony was held under the auspices of Sayyed Khalifa bin Al Mudras bin Ahmed Al Busaidi, the governor of Musandam, and was attended by Choe Jonge hyun, South Korea's Ambassador to the Sultanate, and Sang-Rok Sung, senior executive vice president of Hyundai Engineering Co. Senior officials from OOCEP and Hyundai Engineering Co also attended the event.

Rwanda President Kagame visits HYUNDAI Conglomerates in South Korea

Ulsan, Seoul – As partial of his 3 day revisit to South Korea, Rwanda President Paul Kagame currently visited a Hyundai Heavy Industries and Hyundai Motors Automobile Plant formed in Ulsan, Seoul, where he was shown around a opposite facilities, including shipbuilding, offshore and engineering, construction Equipment and Green Energy among others. President Kagame also toured a Hyundai vehicle production facility, a world’s fourth largest producing 1.6 million units annually.

Rwanda’s Ambassador to Korea, Eugene Kayihura, forked out that Rwanda has a lot to learn from a multilateral company;

“The President’s revisit to Hyundai serves on one palm as training believes and on an other palm to plead investment in a good lakes region, with Rwanda as a hub. With a heading tellurian association such as Hyundai in a region, this means pursuit creation, innovation, trade and skills transfer. Another area we are deliberating is a probability of organizing internships during Hyundai for Rwanda vocational students as partial of a believe pity programs”

Founded in 1947 and headquartered in Seoul Korea, a association is globally famous for a Hyundai Motor Company multiplication and shipbuilding. Current President of Korea, Lee Myung-bak was a former CEO of a Hyundai Engineering and Construction.

This Friday, President Kagame is report to revisit dual some-more sites in Seoul; Samsung and Korean Internet and Security Agency (KISA).