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Samsung Corp. Redesigning India
A few years ago many Korean construction companies were
on the verge of collapse following the Asian financial
But the companies, including industry leader Samsung
Corp., have transformed the situation by succeeding in
overseas construction markets.
Although the domestic market is showing little sign of
improving, the builders are enjoying robust growth
thanks to surging construction demands in Southeast
Asia, Southwest Asia the Middle East.
In 2001 in India, which represents the largest
construction market in West Asia, Samsung Corp. won a
$127-million project for participating in the
construction of a subway system in New Delhi.
Samsung Corp.’s engineering and construction unit also
won a contract worth $55 million to build a hydraulic
dam project in northern India in 2000.
Under the contract, awarded by India’s National
Hydroelectric Power Corporation, Samsung has recently
completed engineering work of a 4.4-km water conveyance
tunnel and 330-meter vertical tunnel of the dam near the
company won the contract in a consortium with an Indian
builder after fending off competition from Japan's
Kajima and Shimizu consortiums and Germany’s Dywidag.
``There is a boom in construction orders from India. As
the country pursues its economic expansion plans,
construction demands will grow sharply, and there will
be more opportunities for us,’’ a Samsung Corp. official
Samsung Corp. has emerged as a global construction
leader in terms of ``construction capability.’’
Samsung Corp.’s proportion of construction sales in its
operations increased up to 50 percent, resulting in a
rise in the score for the financial and management
status item. The score is based on multiplying the ratio
of construction sales to real capital by the management
The company’s construction unit is also a plant builder
and housing developer. To date, the group has to its
credit Malaysia’s Petronas building, the world’s highest
edifice, 452m high, with 92 stories above ground; New
Busan Port; Incheon International Airport; Ulchin
Nuclear Power Plant; and Raemian and Trapalace, the
From energy resources to housing, each of these projects
is a powerful testimony to the group’s technological
excellence. Last year, the group won a contract to build
the world’s highest building, Burj Dubai.
In Taiwan Samsung Corp. won an order for furnishing the
interior of the 101-story Finance Center in Taipei that
is worth about $64 million, a huge project by interior
design and decoration standards.