|Daelim employees at work at a construction site in the Philippines|
Daelim Industrial, one of South Korea’s leading builders, is on the path to becoming a major global developer through optimization of its privately invested power plants and its petrochemical products.
With 35 years of know-how in the fields of engineering, procurement and construction, the company won orders worth some 8.65 trillion won in 2013 alone, with overseas orders of 5.45 trillion won, or 63 percent.
The company’s success is primarily attributed to its expansion into Africa and Europe and the growth of its business scope to include civil engineering and architecture such as the construction of power stations, long-span bridges, passenger terminal buildings and tire factories, according to the company.
Formerly, its operations had been limited to building gas and oil plants in the Middle East and Southeast Asia.
This year it has set its sales target at 9.5 trillion won and hopes to earn 70 percent of this overseas.
In order to reach this goal, Daelim plans to increase the group’s capacity in privately invested power plants and the petrochemical sector.
While maintaining its position in its primary markets such as Saudi Arabia and Kuwait, Daelim also plans to tap into new markets in various regions via thorough market research and analysis.
Gradually, the company hopes to expand its chief business of building oil and gas plants to power plants, particularly in Southeast Asian countries such as Vietnam and Malaysia.