Hyundai Construction Accelerates Entry into Eastern Europe SMR Market... Establishes Branches in Poland and Ukraine

Hyundai Engineering & Construction is actively advancing into Eastern Europe by spearheading the small modular reactor (SMR) business, regarded as the next-generation nuclear power plant.

On the 14th, Hyundai Engineering & Construction attended the Krynica Economic Forum as part of a public-private joint delegation to discuss strategies for entering the Eastern European SMR market, the company announced on the 18th. The Krynica Economic Forum is an international conference sponsored by Polish President Andrzej Duda and is known as the "Davos Forum of the East."

On the 12th, in Warsaw, the capital of Poland, Yoon Young-jun, President of Hyundai Engineering & Construction (left in the photo), and Marcin Kadas, Deputy Director of the Polish Nuclear Research Institute, took a commemorative photo after signing a Memorandum of Understanding on "Nuclear Power Plant Research and Development (R&D) and Research Reactor Cooperation."
[Photo by Hyundai Engineering & Construction]

Hyundai Engineering & Construction is planning to establish a branch office in Warsaw as a forward base for its Eastern European expansion. While maintaining cooperative relationships with local companies, it aims to secure new nuclear power plant projects and infrastructure contracts, and plans to expand the SMR business to neighboring countries such as Lithuania, Romania, and Slovakia.

On the 12th, the company signed a memorandum of understanding with the Polish Nuclear Research Institute on "Cooperation in Nuclear Power Research & Development (R&D) and Research Reactors," establishing a collaborative framework for research reactors, nuclear technology, and personnel exchanges.

Additionally, Hyundai Engineering & Construction is pushing to establish a branch office in Kyiv, Ukraine. Through the construction of SMRs in Ukraine, it plans to participate in energy infrastructure reconstruction projects and strengthen trust in K-Nuclear power plant construction with superior technology and quality.

Together with its U.S. nuclear partner Holtec, Hyundai Engineering & Construction is actively engaging in energy infrastructure reconstruction by promoting the construction of 20 SMR-160 units following the pilot deployment in Ukraine.

Moreover, in July, the company signed a partnership agreement for the expansion project of Kyiv Boryspil International Airport, a key transportation hub in Ukraine, thereby establishing a strategic partnership for the reconstruction of transportation and logistics infrastructure in Ukraine.

This content was produced with the assistance of AI translation services.