Hyundai Construction and Hyundai Engineering Expand Cooperation for Ukraine Reconstruction

Four MOUs Signed for Reconstruction Projects
From New Substation Installation to Modular Construction

Hyundai Construction and Hyundai Engineering are actively participating in the reconstruction of Ukraine's infrastructure. Their efforts span comprehensively from housing construction to power grid establishment.

According to Hyundai Construction and Hyundai Engineering on the 16th, both companies participated in the international expo for Ukraine reconstruction, "Rebuild Ukraine," held in Warsaw, Poland, on the 14th-15th (local time), and signed a total of four Memorandums of Understanding (MOUs) related to Ukraine reconstruction projects.

On the 14th (local time) in Warsaw, Poland, Choi Young (left), Executive Director of Hyundai Engineering & Construction's New Energy Business Division, German Galushchenko (center), Minister of Energy of Ukraine, and Volodymyr Kudrytskyi, President of Ukraine Power Corporation, signed an MOU regarding the construction and maintenance of new transmission and transformation facilities in Ukraine and took a commemorative photo.
[Photo by Hyundai Engineering & Construction]

First, during the expo, Hyundai Construction signed an agreement with Ukraine Power Corporation regarding the establishment and repair of transmission and distribution facilities. Through this agreement, Hyundai Construction discussed participation plans for a transmission and distribution project worth approximately 1 trillion KRW promoted by Ukraine Power Corporation in the future.

The transmission and distribution project, one of the core infrastructures in Ukraine's reconstruction efforts, involves facilities to supply power to major industrial sites in Ukraine.

Additionally, on the 12th, prior to the expo, Hyundai Construction signed an agreement in Warsaw, Poland, with Kyiv Boryspil Capital Airport Corporation of Ukraine and Korea Airports Corporation to promote the "Boryspil Capital Airport Infrastructure Expansion Project."

The Boryspil Airport Infrastructure Expansion Project involves rebuilding and expanding the terminal and runway of Kyiv International Airport, the largest gateway airport in Ukraine's capital. This is part of the MOU Hyundai Construction signed with Boryspil Airport Corporation in July, hosted by the Ministry of Land, Infrastructure and Transport.

Hyundai Engineering signed two MOUs for cooperation in the "Modular Construction Business" and the "Fertilizer and Chemical Business."

On the 14th, Lim Seung-jae, Head of Strategic Planning and Business Division at Hyundai Engineering (third from the left), and Yevhen Udod, Deputy Mayor of Kryvyi Rih City, Ukraine (fourth from the left), along with other officials, signed an MOU for the "Joint Development of Modular Construction Business" and took a commemorative photo.
[Photo by Hyundai Engineering]

The modular construction business aims to build infrastructure such as housing, hospitals, and schools in the Kryvyi Rih region using modular construction methods. Kryvyi Rih is the hometown of Ukrainian President Volodymyr Zelensky, located 420 km southeast of the capital Kyiv, and is considered one of the administrative districts with significant housing damage.

The modular construction method refers to a construction technique where modular units, including main structures and architectural finishes, are pre-fabricated in factories, transported to the site, and assembled. Compared to traditional construction methods, this can reduce construction time by approximately 30-50%, which is expected to accelerate the pace of Ukraine's reconstruction projects.

Hyundai Engineering also signed an MOU with GDF, the parent company of OSTCHEM, Ukraine's largest private fertilizer producer, to cooperate on fertilizer and chemical business projects. The two companies plan to concretize plans for restoring OSTCHEM-owned fertilizer and chemical plants as well as constructing new plants.

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