The Minute
of Meeting (MOM) was signed at POSCO Daewoo’s headquarters in
Songdo Island, west of Seoul, on Sept. 29 with the company’s CEO,
Kim Young-sang, AMRJ chief Mario Ferreira and Brazilian Ambassador to
South Korea Luiz Fernando Serra.
Under the MOM, POSCO Daewoo will provide the Brazilian Navy with a patrol
corvette and an LPD in partnership with domestic shipyards, and also
provide ship design technology and shipbuilding materials to help AMRJ’s
modernization.
The deal is considered to have suggested a new business model for Korea’s
shipbuilding industry and behind this was POSCO Daewoo’s global
business network and expertise in government-to-government business.
In 2003, POSCO Daewoo struck a deal with Indonesia’s state-run
shipyard, PT PAL, to build two LPDs on condition they would be built
with the company sharing its knowledge about shipbuilding, vessel design
and personnel training.
In 2013, the company signed a deal to build an LPD at Peru’s military
shipyard, Servicios Industriales de la Marina (SIMA). The LPD will be
completed by the end of the year.
“The latest deal is the outcome of our efforts made through successful
technology transfer and business experience in the LPD construction
business,” said POSCO Daewoo CEO Kim Young-sang. “We plan
to expand our presence in Central and South American countries and also
diversify our business portfolio into infrastructure, grain and food
businesses.”
AMRJ chief Mario Ferreira said he expected POSCO Daewoo will “play
an important role in advancing the Brazilian Navy’s vessels and
facilities, as well as executing its comprehensive modernization project.”
POSCO Daewoo has run a branch office in Brazil’s capital of Sao
Paulo since 1980, which has been dedicated to clinching deals with surrounding
nations, including Colombia, Peru and Argentina. |
