Hyojong Industrial is an alliance between the Qatar Promotion Board represented by Sheikh Hamad Bin Abdoulaziz Al-Thani and the original Korean owner Mr. Ma. The company is now at the point driven by Qatari ingenuity and Korean technology.
It is also Qatar's first steel pipe exporter and has internationally acquired many certifications, a proof of their quality of products and services. It has provided facilities to the Ras Laffan Industrial City especially for Qatar Petroleum's Ras Laffan Cooling Water Project Phase I RLCCWP.
Hyojong is one of Qatar's biggest manufacturing companies in the private sector with an investment of over 200 million Qatari Riyals. Hyojong President, Mr. Yousef Ahmed Al Kuwari said, "This deal is a step towards realising our ambitious plans and immense growth not only in the local market but also abroad. Hyojong's quality manufacturing with Energy City Qatar's vision to establish a sustainable setup for the Oil and Gas industry demonstrates our commitment to excellence and quality end product, and this deal will further boost our relationship."
"Energy City Qatar is an exceptional project in which we as a company take great pride in investing. There values, objectives and dealings are in conjunction with ours in providing the best to the new home of Oil and Gas industry for the Middle East", he added.
Energy City Qatar, which will cover an area of approximately 1.2 million square metres, is a realised futuristic vision, in line with the Qatar government's drive to create a comprehensive home for the Gulf's energy industry and those who work in it.
Commenting on the deal Mr. Hesham Al Emadi said, "This is a significant deal for Energy City Qatar, as it proves that we are a force to be reckoned with in near future, and more alliances like these will further advance our ambitious plans that are in the pipeline.
Al Emadi added, "The experience of Hyojong in providing quality tailored products to the energy business related projects and its 20 years of expertise provides an extra edge to our partners in Energy city. We eagerly look forward to working with the world class manufacturers in achieving a landmark success in this outstanding project."
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Energy City Qatar signs QR 65 million deal with a leading steel pipe manufacturer
- Qatar: Wednesday, April 11 - 2007 at 16:26
- PRESS RELEASE
Energy City Qatar's Chief Executive Officer, Hesham Al Emadi and the Hyojong Industrial President, Yousef Ahmed Al Kuwari signed a land and development deal worth QR 65 million at the Energy City Qatar's office on April 1, 2007.
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About Energy City Qatar (ECQ)Energy City Qatar is a fully-integrated business cluster and is the region's first oil and gas industry hub. ECQ will provide - a single point of access to the Middle East's - Oil & Gas players in the hydrocarbon value chain.
At a cost of US$2.6 billion, ECQ is a master planned development comprising low-rise commercial for 20,000 people and luxury residential for 10,000 people set within the world's first e-City which will provide dynamic solutions for all facets of the Energy Industry.
ECQ - will be home to - the industry leaders in Oil &Gas production, IOCs, NOCs, support services, infrastructure and downstream activities, shipping and trading, market and resource data, intellectual property and energy trading.
ECQ -is located in the major new city development, Lusail, which in addition to - business and entertainment districts will be home to up to 200,000 residents.
About Hyojong Industrial Limited Company
Established in the year 1981 for the production of spiral Pipes, longitudinal pipes, fittings, coating and associated accessories in South Korea where it acquired many international certifications such as KS, ISO, API, JIS to name a few.
Registered under the Ministry of Economy and Commerce: CR. No.29331 and Hyojong holds the industrial license number: 1392. Manufacturer of Carbon Steel pipes, which are use for portable water pipeline, wastage pipeline, oil and gas pipeline etc. They also manufacture related products such as fittings, pipes coating, steel fabrication and many more.
In 2004 after seeing the success of Hyojong in Qatar, Qatar Promotion Board bought into the company and Hyojong became one of Qatar's biggest manufacturing companies in the private sector with an investment of over 200 million Qatari Riyals.
Nowadays Hyojong Industrial is a local company, own by Qatar Promotion Board represented by Sheikhh Hamad Bin Abdoulaziz Al-Thani at a height of 75%, and at a height of 25% by the original Korean owner Mr. Ma. The company is now at the point of the technology, driven by Qatari Ingenuity and Korean Technology.
For further information, contact:
Annie Kechichian
GCI Public Relations
Doha, Qatar
Tel: +974 4283144
Posted by Medilyn Manibo, Assistant News EditorWednesday, April 11 - 2007 at 16:26 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed May 23 2007.
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