Shipbuilder Daewoo

Revenues (2005) $4.8 billion
Net Profit  $8 million
Backlog  $16 billion
Employees 10,000
Biggest Dock  529m x 131m
Subcontractors 10,000
Ships/Year  ~45
# of Docks/Ways  5

History

A Future Made of Harmony and Hard work
Founded in 1973 at Okpo Bay with aspirations to be the world leader in shipbuilding, DSME has since grown to be the world's top shipbuilding and marine engineering company by the management and employees working together



    1973
    Held a groundbreaking ceremony for the Okpo Shipyard
    as the Korea Shipbuilding & Engineering Corp

    1978
    Established Daewoo Shipbuilding & Heavy Machinery
    Co., Ltd. (DSHM) and acquired the Okpo Shipyard

    1979
    Built the first chemical carrier

    1981
    Held a topping out ceremony for the completion of the
    Okpo Shipyard

    1983
    Completed construction of Dock II

1984 ~ 1989
Preparing for a
Quantum Leap

    1984
    Established the Ship & Marine Technology Research
    Institute and acquired several international certifications

    1985
    Launched the MAST Business Innovation Movement
    and completed construction of a double hull
    300,000-ton VLCC

    1987
    Established the Daewoo Shipbuilding labor union and
    had a primary labor dispute

    1988
    Initiated self-recovery efforts as part of the
    rationalization measures for shipbuilding industry

    1989
    Launched the business strategic campaign of
    "Hope 90s"

1991 ~ 1997
Realizing "Hope 90s"

    1991
    Posted the first profit in its history with the success
    of the Hope 90s

    1992
    Reached a stabilized level of business and acquired
    ISO 9001 certification

    1993
    Ranked No.1 globally in the amount of ship orders
    Completed the construction of Korea's first tactical
    submarine

    1994
    Merged with Daewoo Heavy Industries Ltd.

    1997
    Acquired environment management certification
    ISO 14001

1998 ~ 2001
Second Leap Forward

    1998
    Completed the construction of the first battleship and
    exported the first passenger ferries

    1999
    Received the Presidential Award for Precision
    Technology and the One Hundred Technologies Award
    Began a workout program as part of the Daewoo
    Group's restructuring effort

    2000
    Spin-off of Daewoo Shipbuilding in October
    Debt-for-equity swap in December Started
    new strategic campaign 'Global Top 2010'
    - a business innovation campaign for the new
      millennium

    2001
    Completed the workout program
    Relocated to new company premises
    Awarded the most LNG carrier orders in the world

2002 ~ 2005
Grooming to be a Global Leader

    2002
    Adopted a set of corporate core values, 'Trust' and
    'Passion' and commenced the PI project

    2003
    Named the world's best shipbuilder by Maritime
    Asia's Lloyd's List

    2004
    Deployed the first PI system in the world shipbuilding
    industry Launched the Future Leadership Center

    2005
    Constructed and delivered the world's first LNG-RV
    Awarded the Transparent Management Grand Prize
    from the five economic organizations Named the best
    corporation in the Korea Best Corporation Awards
    LNG-RV was selected as one of the Korea's top 10 new
    technologies

2006 ~ 2012
Surging for Sustainable Growth (A Journey toward Sustainable Growth)

    2006
    DSSC began full operation Awarded orders worth over
    USD 10 billion Recognized as the best in corporate
    governance for the 4th year in a row

    2007
    Received the Transparent Management Award
    Won the Grand Prize at the 2007 Labor-
    Management Cooperation Awards
    Received the USD 6 billion Export Tower Awar

    2008
    Established the Seyoung Educational Foundation
    (Geoje College)
    Posted a revenue of KRW 11 trillion
    (USD 10 billion)

    2009
    Received the USD 10 billion Export Tower Award
    Established the DeWind Co. (wind energy business)

    2011
    Dry the world's largest offshore Pazflor FPSO oil production facilities Nation's first submarine export opening times DSME HEAVY INDUSTRIES ACADEMY unveiling ceremony


You are not allowed to view links. Register or Login