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Samsung C&T Participates in AUD $ ...

SEOUL, Korea - June 4, 2015 - Samsung C&T has been awarded by WestConnex Delivery Authority (WDA), a AUD $2.7 billion contract to provide design and construction service to build the WestConnex M4 East motorway in Sydney, Australia in a joint venture with Leighton Contractors and John Holland. The contract will generate revenue for Samsung C&T of approximately $900 million over the next four years.

 

 

 

The M4 East Motorway will provide a 5.5 kilometer tunnel with three lanes in each direction along the Parramatta Road route from the M4 Western Motorway to Parramatta Road and the City West Link at Haberfield. Construction is expected to begin in 2016 and to be completed in 2019.

 

 "We feel privileged to have this opportunity to be part of the WestConnex project and to help further build Australia&rsquos transport network" said Hans Whang, the head of Civil infrastructure business unit of Samsung C&T. He added, "WestConnex M4 East motorway will ultimately ease congestion along Parramatta Road allowing easier local travel.

 

"Samsung C&T is on a fast track to establishing its name as a leader and key player in the civil infrastructure sector in Australia. Samsung C&T expands its presence in Australia by forming strategic partnership with leading companies like Leighton Contractors and John Holland. We are certain that by working closely together with our trusted partners, the project will be successful."

 

Samsung C&T has been successfully implementing Roy Hill, the largest mining project in the world with extensive experience in tunneling and major infrastructure delivery internationally.

 

The WestConnex motorway will link Sydney&rsquos west and south west with the city, airport and port. It is being constructed in three stages and progressively opened, with final completion scheduled for 2023.

 

 

Merger Between Cheil Industries Samsu...

◇ The merger was approved by the Board of Directors of the two companies on May 26. The completion of the proposed merger slated for September 1


◇ Cheil Industries to acquire Samsung C&T at a ratio of 1:0.35. The name of the merged company will be Samsung C&T as a symbolic gesture to preserve the identity of Samsung Group 


◇ The new Samsung C&T aims to become the top class global company leading F&B, clothing, housing, leisure and biotech businesses
 - The new Samsung C&T will secure growth momentum and become the largest shareholder of biotech business, which is a new growth engine of Samsung Group


◇ Annual revenue expected to rise from pre-merger KRW 34 to KRW 60 trillion in 2020. The new Samsung C&T will play the pivotal role in Samsung Group along with Samsung Electronics

 

 

□  On May 26, Cheil Industries and Samsung C&T announced that their Board of Directors approved the proposed merger of the two companies in a bid to leap toward the top class global company.


□  Cheil Industries will acquire Samsung C&T shares at a ratio of 1:0.35, calculated based on average closing prices. Cheil Industries will issue new stocks to Samsung C&T shareholders. 
Both companies will hold an extraordinary general meeting in July, and complete the merger on September 1


□  The merged company&rsquos name will be Samsung C&T, acknowledging the brand&rsquos global awareness and in order to keep the entrepreneurial spirit of Samsung Group.


□  Cheil Industries was established in 1963 as a property developer and theme park operator, and expanded its business to construction and F&B services. The company acquired a fashion business unit from the former Cheil Industries in 2013, and went public on the Korea Stock Exchange at the end of 2014.
Samsung C&T Corporation was founded in 1938, as a parent company of Samsung Group. In 1975, Samsung C&T was designated as the first general trading company in Korea to lead overseas sales operations. In December 1995, Samsung C&T incorporated Samsung Construction, which led the company to be divided into the Trading & Investment Group (T&I Group) and Engineering & Construction Group (E&C Group) with global business carried out in offices in around 50 countries.
The two companies have worked closely together over the years, including the launch of Samsung&rsquos biotech business in 2011, and the joint acquisition of Lakeside Golf Course in 2014.


□  Since the initial public offering late last year, Cheil Industries has been exploring measures to strengthen its core business competitiveness and global sales network in a bid to expand construction, fashion and other business units.
Samsung C&T, which has rich experiences in construction and trading, has also sought ways to diversify its businesses and develop new growth momentum in order to overcome sluggish global economy and high competition.


□  The proposed merger will establish the foundation for the two companies to grow into a global leader in fashion, F&B, construction, leisure and biotech industries to offer premium services across the full span of human life.
 ▲  By integrating construction business units, the proposed merger will enable the two companies to enhance their competency as well as synergies


 ▲ By leveraging Samsung C&T&rsquos capabilities in operation and infrastructure in global markets, the proposed merger will accelerate the global expansion of fashion and F&B businesses, and identify new business opportunities.


 ▲ The merged company will become the largest shareholder of biotech business, which is Samsung Group&rsquos new growth engine, and pursue  both stability and business growth. Cheil Industries and Samsung C&T hold 46.3% and 4.9% stakes in Samsung BioLogics, respectively.
The total amount of annual revenue of the merged company is forecasted to reach KRW 60 trillion in 2020 from KRW 34 trillion in 2014, boosted by strengthened global competency and synergies through the integration of construction, trading, fashion, resort and F&B businesses, which are the core business units of the two companies.


□  Cheil Industries CEO Yoon Joo Hwa said "The proposed merger is a strategic choice to secure the company&rsquos core competency in order to become a global leading company," adding, "We will become the top class global company, offering 'Total Premier Service' across the full span of human life."
Samsung C&T CEO Chi Hun Choi said "We plan to secure growth momentum by diversifying business portfolio, including fashion and biotech, and integrate the competencies of Samsung C&T&rsquos global operation and Cheil Industries&rsquo specialties in order to strengthen our competitiveness further."

 

 

Samsung C&T Wins Top Safety Award ...

SEOUL, Korea - March 3, 2015 Samsung C&T Corportion (Эс Си Ти Эм), the builder of Burj Khalifa, was appointed Best Contribution Company in Health and Safety Workplace Excellence of 2014 by the Ministry of labor, Mongolia. The prize is the most prestigious safety award in construction industry and presented annually to contract partners that demonstrate greatest performance in safety.

 

Samsung C&T was awarded for its safety performance at Shangri-La Hotel Phase 2 Site. Sahngri-La Site received outstanding results from Mongolia government through series of site inspections. About 130 officials including S. Chinzorig, the Minister of labor, attended the awarding ceremony which was held on 27th, February.

 

 

 

"There are a lot to learn from Samsung C&T about its HSE management. I hope that Samsung C&T's safety excellence and advanced technologies has a ripple effect to Mongolian companies and sites," said S. Chinzorig, the Minister of labor, Mongolia. "Samsung C&T will significantly contribute to Mongolian construction industry in developing safety culture."

 

"This award is significantly meaningful to us because safety is the top priority of Samsung C&T," said Sangsoo Lee, Project manager of Shangri-La Hotel Phase 2 Site. "We look forward to continue reinforcing measures to ensure safety excellence with our clients, partners, and local community."

 

Shangri-La Hotel Phase 2 Site is mixed -use commercial and 34-stoyed residential development project in the center of Ulaanbaatar. Shangri-La project will be completed by March, 2016 and will be the tallest building in Mongolia. The project was issued by Shangri-La hotel chain, and Mongolia&rsquos leading redeveloper MCS Holdings.

 

Besides, Samsung C&T previously earned Grand Safety award in Hong Kong for its safety performance in 2014 for the Shatin to Central Link project.

 

 

Samsung C&T Awarded the Second LNG...

Samsung C&T Corporation, with its partner Science-Tech Solutions (STS) Sdn. Bhd., has been awarded a contract by PETRONAS Gas Berhad, a subsidiary of national oil company PETRONAS, to build a re-gasification terminal in Johor, Malaysia.

 

Samsung C&T Corporation will execute the engineering, procurement, construction and commissioning (EPCC) work of the re-gasification terminal which has a send-out capacity of 5 million tons per annum and two 200,000m3 LNG storage tanks. Construction is expected to be completed by April, 2018.

 

 

 

The re-gasification terminal (known as RGT-2) is part of Malaysia&rsquos development plan to secure stable natural gas supply for the nearby Refinery and Petrochemical Integrated Development (RAPID), Pengerang Co-generation Plant (PCP) and also to the Peninsular Gas Utilization (PGU) Grid.

 

"We feel privileged to participate in the RGT-2 project together with our partners", a representative from Samsung C&T commented, also adding that "Based on our LNG experience and expertise, we look forward to contributing to development of the Malaysia's LNG industry, while maintaining a strict emphasis on site safety."

 

 

 

Samsung C&T is developing a strong track record in LNG, having completed various projects around the world. The company successfully completed the first LNG terminal in Singapore, and was further awarded the phase 3 expansion of the Singapore LNG terminal in August 2014. Through its acquisition of Whessoe Engineering Limited, an engineering firm specialized in cryogenic tanks and regasification facilities based in United Kingdom, Samsung C&T looks set to become a leading engineering and construction company in the LNG industry.

 

 

 

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    BULDINGCleveland Clinic

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