Korean Marine Equipment Makers Seek Ways to Boost Their Global Presence amidst Fierce Competition

For the global marine equipment industry, the demand for developing newer technology is increasing with the rising demand for high-value vessels, coupled with the growing need for offshore drill ships and related facilities development.

In response to the changing global shipbuilding market and the marine equipment market, most of Korea’s small and medium-sized marine equipment manufacturers are seeking ways to develop stronger capability to develop advanced technology, escaping from their positions as manufacturers of simply producing marine equipment.

Korea’s marine equipment manufacturers were being significantly affected by the nation’s shipbuilders’ order performances from overseas markets, which saw their decreased growth in order quantities for a considerable time because of the sluggish global economy.

The recent signals in the global shipbuilding markets, including the increasing trend toward the manufacturing of multi-purpose vessels, the growing necessity of replacing the existing old ships, the growing demand for development of new concept vessels, and growing requirement for higher functionequipped ships, are growing into a positive aspect of challenges both for the nation’s shipbuilders and marine equipment makers.

Since 2010, the orders for marine plant-related vessels including drill ships, semi-rig, FPSO, fixed platform, etc. has increased. In line with this situation, development and production of various kinds of essential equipment for those vessels led by the nation’s advanced institutes is being carried out.

In order for the nation’s medium- and small-sized companies to effectively meet such big challenges through developing and manufacturing equipment deserved to be fully applied at the globally demanded high-profile vessels, insufficient but new attempts of the various levels of measures, including shifting their energy to the intensified R&D led by some leading equipment makers.

Korea has the world’s No.1 shipbuilding industry competitiveness in terms of design, manufacturing, and management, focused on high value-added vessels, but the corresponding capacity to design and manufacture technologies of quality marine equipment falls short of those of shipbuilding.

An observer familiar with the nation’s current marine equipment industry said “The dependency of South Korea’s marine equipment especially in the advanced technologies that are keys to the majority of the highly required highprofile vessels on the overseas markets is regrettably still almost 100%. In terms of the marine equipment’s quality that is connected to the performance of the certain vessels, raising strong marine equipment manufactures is of essential to the boosting not only of the marine equipment industry, but also the shipbuilding industry, as well.”

There are two main regions comprising the nation’s shipbuilding industry – South Jeolla Province(Yeongam County); and Busan& Gyeongnam Province. Including the world’s sixth large-scale shipbuilder, Hyundai Samho Heavy Industries, the nation’s two representative medium-sized shipbuilders, Daehan Shipbuilding and Shin Heavy Industries are located in the former region. More than 70percent of companies operating in the Daebul Industrial Complex in Yeongam are, in particular, engaged in manufacturing toplevel shipbuilding & marine equipment and leisure boats(yachts) forming a mega-sized shipbuilding cluster.

Korea Buyers Guide coves eight major companies recommended by Mokpo CCI in order for us to fully introduce these companis to overseas markets, thus increasing awareness of these enterprises in the global market.

 
 
 
▶ Artificial Fishing Banks
▶ New Yacht Model, “Sail Catamaran 62”
▶ Purifiers
▶ Savonius Small Wind Turbine
▶ Cranes and Shipbuilding Products
▶ High-Profile Carriers & Docking Facilities
▶ World’s Top-Level Pension-style Yacht
▶ A Global Promising Maker of Shipbuilding, Off-Shore Plants and Bulk Cargo Handling Equipment

 
 
 
 
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Organized by KOTRA (Korea Trade-Investment Promotion Agency), the upcoming 7th version Global TransporTech 2013 will unveil its ever largest-scale in terms of number of exhibitors both at home and abroad areas, public attention, accompanying events, especially in proved quality of exhibits – aiming to set the stage toward growing into one of the global major exhibitions in that section, at least in a few appraisal points.

 
As motivator for such ambitions aims, about more than one hundred Korean companies engaged in manufacturing Automobile parts, Commercial Vehicles parts, Aircraft parts, Ship & Vessel parts, Train parts, Heavy equipment, Agricultural Machinery parts are prepared for participation in the fair.

 
For this exhibition, foreign buyers from all over the world especially from the U.S.A, the EU, and Japan, will add heat to the fair with their specific matching outcome, especially with the presence of their Korean counterparts. As anaccompanying event, a briefing session for visitors will be held on the global outlook of automotive markets, meetings for companies aiming at entering into major global automobile markets including the U.S.A, China, and the EU.

 
During the period, whether the attention for some still promising markets including the Southeast Asian market becomes a reality or not is another issue amongst global viewers.

 
For this edition of the show, some globally-renowned auto makers and auto parts manufacturers have also expressed their contributions to this fair’s prominent growth with their rich content. Last year several top-level companies in these fields have successfullyraised their profiles and the show’s global image.

By Kim Min-su : Here

The largest event of the packaging industry in Korea, the18th KOREA PACK 2013 will be held from May 28-31 at KINTEX (Exhibition Center1, Korea Int’l exhibition Center) hosted by KYUNGYON Exhibition Corp and sponsored by the Ministry of Trade, Industry and Energy. The organizer, Kyungyon Exhibition Corp expects 40,000 trade visitors to come and see the latest trends and news of the packaging industry in Korea and other countries.

Despite the current global economic slowdown, as many as 800 exhibitors from 25 countries will exhibit at KOREA PACK 2013, covering a space of 42,000 m2 that makes KOREA PACK 2013 the leader in the field of packaging in Korea.

KOREA PACK 2013, celebrating its 18th anniversary this year, is the leading annual packaging trade show focus on packaging machinery, packaging parts & automation parts, package printing machines, packaging inspection equipment, packaging processing equipment, packaging materials & containers, food processing machinery, package design, services and logistic systems&equipment. KOREA PACK2013 is where intelligence and passion intersect with the full spectrum of Korean packaging industry products and services to create new insights and innovation.

A Lot of Buyers Gather on KOREA PACK 2013

Industrial buyers from Korea and the region are demanding a wider range and quality of equipment and solutions for their
industrial plants and factor production that encompass the KOREA PACK profile industries including food and beverage, pharmaceuticals, cosmetic, chemistry, electronics, stationery and logistics industries. There is no better time to discover new solutions to enhance your business. KOREA PACK 2013 will be the perfect place for exchanging information with exhibitors and having opportunities to broaden your business area. KOREA PACK 2013 is strategically designed to tap into the synergies of the global packaging industry, offering opportunities to engage Korea’s processing and packaging sector.

By Kim Min-su : Here