With the completion of the state-of-the-art robot plant, the Company more than doubles its annual production of automobile assembling robots and LCD handling robots.

Hyundai Heavy Industries, the worlds biggest shipbuilder, today completed a new 4,000-unit capacity industrial robot factory in Ulsan, Korea.

With the completion of the state-of-the-art robot plant, the Company more than doubles its annual production of automobile assembling robots and LCD handling robots.

At the completion ceremony, Mr. Kwon Oh-shin, SEVP & COO of Engine and Machinery Division said, "Hyundai Heavy is a trusted robot manufacturer with continuous technology development and reliable service. Building on our 40 percent market share in Korea, the new factory is a step in the right direction to being a Top 3 global industrial robot manufacturer by 2014"

Hyundai Heavy is the only Korean company independently producing industrial robots. The Ulsan-based company has exported automobile assembling robots and LCD handling robots to Brazil, China, the EU, and India. Last March, the Company also developed core equipment for the US FDA-approved surgical robot for arthroplasty.