Vice Chairman and CEO Choi Sung-an said on the 20th that Samsung Heavy Industries will develop a global standardization model for floating liquefied natural gas production facilities (FLNG), where Samsung Heavy Industries holds overwhelming competitiveness, through structural innovation, and make this year the first year for applying the independently developed liquefied natural gas (LNG) cargo tank.
Choi said this at the 52nd annual general meeting of shareholders held at the Samsung Heavy Industries Pangyo R&D Center in Bundang-gu, Seongnam, on the 20th, presenting the 3X great transition (digital transformation (DX), artificial intelligence transformation (AX), and Robotics transformation (RX)), securing an ultra-gap in technology, and advancing global business as the three main business directions.
Choi stressed that Samsung Heavy Industries will become the first mover in the 3X transition and introduced the recently launched "SHI Pipe RoboFab," the shipbuilding industry's first pipe automation plant, as an achievement of 3X technology convergence.
The company expected that this plant can expand its role as a pipe supply chain for advanced industries such as semiconductors and AI data centers, beyond shipbuilding, and will play a key role in the MASGA business through large-scale exports to the United States in the future.
Choi emphasized, "We plan to firmly build the foundation for driving MASGA," adding, "Samsung Heavy Industries will prove the competitiveness it has accumulated over time with results, based on its unique success DNA."
At the shareholders' meeting, all agenda items, including approval of the 52nd financial statements, partial amendments to the articles of incorporation, the appointment of inside director Choi Sung-an, and the appointment of outside director Lee Yeon-seung, were approved as originally proposed.
Samsung Heavy Industries posted 10.65 trillion won in revenue last year, surpassing 10 trillion won in annual sales for the first time in nine years, and achieved 862.2 billion won in operating profit, up 72% from the previous year. This year's revenue guidance is 12.8 trillion won, up 20% from the previous year, and the order target is $13.9 billion, up 76%.