Kolon Global Executes Organizational Restructuring... "Strengthening Cost and Order Competitiveness"

Kolon Global announced on the 12th that it has carried out an organizational restructuring to respond to the rapidly changing business environment.

Kolon Global reorganized its business structure from the existing headquarters system to a division system. Under the Construction Division, there are the Architecture Headquarters, Infrastructure Headquarters, and High-Tech Business Office. To enhance cost and order competitiveness, the Construction Division newly established the High-Tech Business Office and Cost Planning Team.

Kolon Global Gwacheon Office. Provided by Kolon Global

원본보기 아이콘

The High-Tech Office is an organization focused on capabilities in the industrial construction sector. It consolidates the industrial construction order acquisition and construction management functions previously carried out by each headquarters, including architecture, infrastructure, environment, and plants. It plans to build a sophisticated order network system tailored to the characteristics of clients such as private, corporate, and public sectors.

The High-Tech Office was promoted from a team to an office this year due to performance growth. As of the third quarter of this year, Kolon Global recorded new orders worth 3.8 trillion KRW. Among these, housing accounted for 1.9 trillion KRW, and non-housing projects also accounted for 1.9 trillion KRW. By attracting corporate clients such as Korean Air engine maintenance construction (340.1 billion KRW) and Merck bio-facility construction (176.6 billion KRW), orders for non-housing projects increased by 15.8% (1.6 trillion KRW) compared to the same period last year. Kolon Global expects to record the highest-ever new order amount this year based on non-housing project orders.

The Cost Planning Team integrates the estimation functions that were divided among architecture, infrastructure, and product teams. Its goal is to improve profitability through efficient cost management.

A Kolon Global official said, "We carried out the organizational restructuring to respond flexibly even in crises and to strengthen business management capabilities," adding, "This restructuring aims to maximize close collaboration and synergy between headquarters and businesses within the construction business."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.