Haejeon Secures Contract with Samsung C&T for Dam Project in Mali, West Africa

MALI, W. AFRICA, Feb 15, 2020 – (ACN Newswire) – Haejeon Industrial Co Ltd has secured a $18.3M contract with industry partner Samsung C & T Corp in a joint venture to lead development efforts on a large dam construction project in Mali, West Africa. The agreement follows Haejeon's innovative, leading-edge technologies in the water resources development and irrigation fields, as well as its familiarity with water scarcity concerns in the African region.



Dam Construction Site in Mali


Construction Site in Laos



Haejeon will spearhead installation of the dam, intended to manage river flow and resolve an ongoing regional drought crisis. The company brings years of manufacturing and construction experience to this vital infrastructure project, and a team of expert engineers in water retention, dam floodgates, and dam hoists.

Haejeon will leverage its successes in the design, manufacturing, and construction fields for this project. "We will move forward as a company specializing in the global floodgate and power plant industries, securing competitiveness based on bold action," remarked Kim Hyungsik, CEO of Haejeon Industrial Company.

With a reputation as Korea's top-rated dam floodgate manufacturing and installation company, Haejeon has demonstrated the know-how and ability to execute all processes from plant equipment supply to manufacturing and installation, and was awarded an 'Export Tower' in recognition of their export performance by 'Trade Day' 2018.

Haejeon has contributed to many internationally recognized infrastructure efforts, including construction of a 350 meter wide dam for agricultural and residential use in Africa, leading floodgate installation work on the Sepian-Senam Noi dam auxiliary dam in southeastern Atap province for hydroelectric power plants, and leading floodgate installation work in Jeonbuk Province, where they were recognized as a leading innovator in 2018.

The company's floodgate installations have proven critical to emergency water level controls that prevent flooding, flood damage, and damage to existing main dam infrastructure, while it has exhibited a high degree of technological prowess in the drainage locks and dam floodgates business in building, installing and maintaining the floodgates for dams and reservoirs.

Haejeon is currently expanding its business operations across Korea, Laos, Pakistan, and Sri Lanka. For details, please visit: http://www.haejeon.com

Haejeon Industrial Co., Ltd.
PR Contact: Taedo Bang
Phone: +82-63-466-9440
Email: taedozzang@hanmail.net


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PT Hutama Karya exceeds forecasts, reports 43% increase in profits

JAKARTA, Feb 12, 2020 – (ACN Newswire) – State-owned construction company PT Hutama Karya (Persero) reported solid financial performance through the third quarter ended September 2019, according to the company's unaudited financial statements. Hutama reported net profit of Rp 2,101 trillion, an increase of 43% from the third quarter 2018, and no less than double the September target set last year, and a full 95% of the annual profit target. This achievement was driven by streamlined work flows, efficiencies in procurement and general business innovation, leading to cost of sales decreasing 82%.







"By the end of 2019, Hutama Karya had finished constructing 469.5 km of the JTTS (Trans-Sumatra Toll Road), with 373 km of the highway fully toll operated, including the 140 km Bakauheni-Terbangi Besar section, the 189 km Terbangi Besar-Pematang Panggang-Kayu Agung section, and the 13 km Medan-Binjai and 22 km Palembang-Indralaya sections. Meanwhile, the 74 km Sigli-Banda Aceh section and 131 km Pekanbaru-Dumai sections 1-6 are presently under construction," said President Director of Hutama Karya, Bintang Perbowo.

Bintang says that Hutama Karya hopes to finish construction of the Trans-Sumatra Toll Road by 2024 and is ready to work on other national strategic projects. "To finish the construction of Trans-Sumatra for 2024, Hutama Karya requires some Rp460 trillion of total investment. Through September 2019, the company's Gross Gearing Ratio was 0.67, with 2.25 of the debt covenant. So the company still has a room to add sources of funding," Bintang says.

In order to fulfill the loan portion as one of the funding sources, Hutama Karya is planning to issue a global bond in the near future. "We are currently preparing for the Global Ratings process and other permissions," adds Bintang.

Hutama Karya was assigned by the government to develop and operate the 24-section 2,769 km Trans-Sumatra Toll Road, connecting Aceh Province with Lampung Province. Currently, there are 12 priority sections being constructed, which are expected to boost the regional as well as national economy. This mega project also makes Indonesia part of the Asian Highway Network, the land transportation network with 141,000 km international standard highways that passes through 32 countries in Asia and Europe.

The Indonesian government assigned the construction with good reason. "The government intends to maximize the natural resource potential by industrial down-streaming, which will accelerate regional and national economic growth; making Sumatra a new growth engine for Indonesia," Bintang continues.

"The existence of Trans-Sumatra will provide many logistical as well personal benefits in Sumatra due to shorter travel time, which will reduce the logistics costs for local products, as well as natural resources and other resources which can be distributed faster with affordable cost. The priority is to expedite the mobility of goods and people, such as from Aceh to Belawan Port, Medan and Kualanamu International Airport, which will boost the tourism industry, increase the commuter flow in Stabat-Binjai-Medan, and reduce the congestion in Medan."

One of the most important indicators for measuring the success of the Trans-Sumatra Toll Road will be the regional development of Sumatra after the integrated infrastructure has been built. "We are anticipating the Sumatra region to attract commercial and industrial projects. Our studies identify at least 84 planned infrastructure projects in the non-property segment around Trans-Sumatra, comprising industrial areas, airports, ports, streets and bridges, irrigation and dams, and energy and rail projects," Bintang said.

PT Hutama Karya (Persero)
Muhammad Fauzan, Corporate Secretary
Media enquiries:
Intan Zania, Corporate Communication
Phone: +82 21 810 3708 ext.504
Email: Intan.Zania@hutamakarya.com


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Chinese Companies Assist in the Response to Coronavirus Epidemic

BEIJING, Jan 29, 2020 – (ACN Newswire) – As the Coronavirus outbreak continues to spread, the Chinese government is responding with high-level attention to the provision and deployment of prevention and control. Thirty provinces and major cities have activated their highest level of emergency response as top-level Politburo Standing Committee, headed by President Xi Jinping, has taken direct control of the crisis and response.



Beijing GeoEnviron (BGE) workers on-site, the Wuhan Huoshenshan Hospital construction, Wuhan City, China.



Premier Li Keqiang arrived in Wuhan on January 27, directing virus prevention work, and for a personal inspection of hospitals in the city. With Wuhan's overburdened healthcare system, the government called for construction of two emergency hospitals, undertaken on January 23, for completion on February 3. Work on the sites has attracted international attention for its feverish pace, both day and night, displaying the Chinese resolve.

The Wuhan Huoshenshan Hospital, a 1,000-bed facility covering 35,000 sq.m at the Caidian District site, will treat coronavirus patients in isolation. The 900 workers mobilized for emergency construction know they are working in a race against time, against a tight schedule and against the coronavirus epidemic as the disease spreads rapidly across China, Asia, and further.

Two companies immediately offered assistance. Beijing GeoEnviron Engineering & Technology, Inc (BGE)(603588.SH) and sister Oriental Yuhong Waterproof Technology, Co Ltd (002271.SZ) are committed to sustainability and society. BGE is a pioneer in environmental remediation and provides pollution control and waste treatment systems. Oriental Yuhong produces advanced construction materials and is the largest waterproofing system provider in Asia.

On-site, BGE was responsible for interior construction, including deployment of personnel, equipment and materials, the overall implementation of remediation engineering, and the cross-coordination with civil engineering and other specialties. BGE applied 35,000 sq.m of anti-seepage materials twice in less than 2 days, having completed an anti-seepage system for the underground foundations, facilitating subsequent work.

With the completion of work at the first site, BGE has moved staff to the site of second facility, the Leishenshan Hospital, while Oriental Yuhong remains on-site, responsible for waterproof construction and overall coordination with government agencies and departments to ensure the supply of advanced materials.

China's rapid and comprehensive response to the crisis, and the voluntary response of many companies such as BGE and Oriental Yuhong, are demonstrating the country's strength and determination in containing and controlling this epidemic. China appears on the road to a successful anti-epidemic war.

Media: Jessi Hu, BGE China, +86 1062490159, brand@bgechina.cn, http://bgechina.cn

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