Independent journal on economy and transport policy
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Hyundai Heavy Industries slowly anticipates a new one of economic reorganization of the value of 1,3 billion dollars
Managed also an extraordinary plan that previews ulterior savings pairs to 3,1 billion dollars
June 8, 2016
The South Korean navalmeccanico group Hyundai Heavy Industries (HHI) has introduced today a new one slowly of economic reorganization of the company that among other things previews the cession of own participation in the automotive house Hyundai Motor, the industrial group KCC Corporation and Hyundai-Avancis, joint venture with Saint-Gobain for the production of fotovoltaici modules CIGS.
With the sale of these participation let alone of pieces of real estate and credits HHI 1,3 billion dollars preview to slowly gain a total of 1.500 billion won () on an economic value of the entire one of reorganization, that 2018 will be put into effect within, estimated in the 3.500 billion one won, figure that includes savings ulterior pairs to 900 million won deriving from the reduction of the wage levels and from the reorganization of produced working activities let alone 1.100 billion won from the spin-off or the cession of other asset and the reorganization of the affiliated societies.
Besides this plan of reorganization HHI it has managed also an extraordinary plan to put into effect in case of necessity that previews ulterior savings pairs to 3.600 billion won (3,1 billion dollars).
The South Korean group has specified that with the performance of the reorganization plan it is previewed that the relationship between the passivities and the net worth will come down from current 134% to 80% in 2018 and that the total indebtedness will come down of about 2.000 billion won attesting itself to 6.600 billion won (5,7 billion dollars).
In occasion of the today's presentation of new slowly the HHI it has evidenced that under the guide of the current management of the group, that has taken the reins of company in September 2014, already intensive measures of economic reorganization are put into effect that have determined savings for 3.900 billion won and that they have lead HHI to record in the first trimester of a 2016 profit of clearly 325,2 billion won, the first economic result clearly of positive sign after a long closed series of trimester in loss ( on 26 April 2016).
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The South Korean navalmeccanico group Hyundai Heavy Industries (HHI) has introduced today a new one slowly of economic reorganization of the company that among other things previews the cession of own participation in the automotive house Hyundai Motor, the industrial group KCC Corporation and Hyundai-Avancis, joint venture with Saint-Gobain for the production of fotovoltaici modules CIGS.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
