STX Corporation

STX Corporation STX Corporation Co., Ltd. is a Korea-Based holding company engaged in the provision of trading services. Headquartered in Gyeongsangnam Province, Korea [http://www.stx.co.kr/english/info/intro.asp] , the Company operates its business through two divisions: trade and ship maintenance. Its trade business division provides shipping and energy materials, coal, oil, steel and others. Its ship maintenance business offers cargo management, marine technical, insurance, crew management and other related services [http://finance.google.com/finance?q=SEO:011810] . During the year ended December 31, 2006, the Company had four local subsidiaries including STX Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy. STX Shipbuilding recently acquired Norwegian Shipbuilder Aker Yards in order to diversify their productline. Akeryards, as one of Europe's largest shipbuilder, had technical background in Cruiseship building. The STX group, formerly Hankuk Heavy Industries, recently had an IPO of STX PanOcean. The IPO gave the group a substantial amount of cash to acquire Aker Yards. STX PanOcean (formerly Bumyang Logistics), acquired in 2006, is currently the second largest shipping company in Korea after Korea Express.

Infobox Company
company_name = STX
foundation= 1976 → 2001 (Renamed)
company_type = Public
location = Republic
key_people= Chairman Duk-Soo Kang(Ghang)
industry = Shipbuilding, Construction, Energy, Trade, Banking
subsid = STX Corporation
STX Shipbuilding
STX Engine
[http://www.panocean.co.kr/ STX Pan Ocean]
STX Energy
STX Heavy Industries
STX Enpaco
[http://www.stxconst.co.kr STX Construction]
STX Europe ASA
STX Dalian
homepage = [http://www.stx.co.kr STX Corporation]
num_employees = 44,000 (STX Total) 2008
20,000 (STX Europe)
assets = $ 23 billion USD (2008 2Q)

STX
*Sales : 17.4 billion dollar (US, 2007)
*Surplus: 6.8 billion dollar
*Profit: 1.3 billion dollar
*Business : Shipbuilding, Engines, Construction, Energy, Trade, Banking

Shipbuilding
*STX Shipbuilding
*STX Heavy Industries
*STX대련
*STX Norway AS
*STX-VINA Heavy Industry co., Ltd
*Far Eastern Shipyard-STX

Engine
*STX Engine
*STX Enpaco
*STX금속

Construction
*STX Construction
*STX산업플랜트

Energy
*STX Energy
*STX솔라
*Tiger Oil

Sea Trade
*STX Pan Ocean

Banking
*흥국상호저축은행

TX Corporation

*1976 12. STX Corporation (SsangYong Heavy Industries) was established
*2000 owner was changed to Duk-Soo Kang
*2001 05. STX (System Technology eXcellence) Renamed
*2004 04. Holding Company 'STX Corporation' incorporated

Foundation of Major Companies
*1962 01. Daehan Shipbuilding (STX Shipbuilding)
*1976 12. SsangYong Heavy Industries (STX Corporation)
*1966 05. Pan Ocean Bulk Carriers Ltd. (STX Pan Ocean)
*1984 11. Sandan Energy (STX Energy), Enrgy business was approved

STX Group
*1976 12. SsangYong Heavy Industries (STX Corporation) was established
*2000 owner was changed to Duk-Soo Kang

Reborn, STX
*2001 05. STX (System Technology eXcellence) Renamed
*2001 06. STX Enpaco was established (Ship's Turbo Charger World rank 1)
*2001 10. STX Shipbuilding (Daehan Shipbuilding, 1962)
*2002 11. STX Energy (Sandan Energy, 1984)
*2004 02. STX Heavy Heavy Industries was established
*2004 04. STX Engine (from STX)
*2004 04. STX Corporation (from STX) was Renamed
*2005 05. STX Radarsys was merged to STX Engine
*2005 02. STX Construction was established
*2008 04. STX산업플랜트 (from STX Engine) was established

History

STX Corporation
*1976 12. SsangYong Heavy Industries was established
*2000 owner was changed to Duk-Soo Kang
*2001 05. STX (System Technology eXcellence) Renamed
*2004 04. STX Corporation

STX Shipbuilding
*1962. 01. Daehan Shipbuilding Ironworks
*1967. 04. Dongyang Shipbuilding Industrial Co., Ltd.
*1973. 01. Daedong Shipbuilding Co. Ltd. Renamed
*2002. 01. STX Shipbuilding Co., Ltd, Renamed
*2003. 10. Listed on the Korea Stock Exchange

*Employees : 6,000
*Order $10 billion (US, 2007)
*World Rank 5

STX Engine
*1976. 12. Established.
*1977. 07. Designated as a National Defence Industry Company (by the Ministry of Commerce and Industry).
*1978. 12. Completed the Plant.
*1989. 05. Established R&D Center.
*1988. 11. Completed the Military Diesel Engine Plant.
*2001. 06. Material Business Part (foundry shop) separated, founded "ENPACO Corporation" .
*2004. 04. Renamed as "STX Engine Co.Ltd".

*Middle Size Engine, World rank 1
*Big Size Engine, World rank 4

STX Pan Ocean
*1966. 05. Pan Ocean Bulk Carriers Ltd.
*1984. 04. Pan Ocean Shipping Co. Ltd.(POSC), Renamed
*2004. 11. STX Pan Ocean, Renamed

*Sales $ 4.8 billion (US, 2007)
*Owned Fleet: 64 Ships
*Chartered Fleet: 300 Ships
*Employees Total: 1,927 (Shore: 646, Crew: 1,334)

STX Energy
*1984. 11. The plan to construct the Banwol Power Plant was approved
*1985. 06. The Banwol Power Plant obtained heat supply business license
*1990. 08. The Banwol Power Plant completed
*2002. 01. The Sandan Combined Heat and Power Plant was established
*2002. 11. Sandanenergy Co., Ltd. was launched (management right acquired by STX)
*2003. 11. Renamed as STXEnergy Co.Ltd
*2007. 03. bought Tirger Oil and renamed STX Oil&Energy
*2007. 11. STX Energy merged STX Oil&Energy and STX Tank terminal

STX Group Sales
*in 2000, STX Corporation's Sales was $ 0.26 billion
*in 2002, STX group had total 5 companies
*in 2005, STX group's Sales $ 6.4 billion
*in 2006, STX group's Sales $ 8.0 billion
*in 2007, STX group's Sales $17.4 billion

*2008 today, STX Group have 50 companies

ee also

*List of Korea-related topics
*Economy of South Korea
*STX Europe ASA

External links

* [http://www.stx.co.kr/ STX Corporation]

*STX Shipbuildingformerly Hankuk Heavy Industries(incorrect) → Ssang yong Heavy Industries(correct)