Scana Korea Hydraulic

Managing director: H B Noh
Employees: 46
Turnover: NOK 88 million

Scana Korea was established as a joint venture company in 1998. At that time the company was a minor supplier of valve remote control systems in Korea. Today, market share in Korea has already reached approximately 25 per cent. This means that the company has become the second largest local supplier in Korea.

The company has been awarded the SAMSUNG-Q GOLD MARK by Samsung Geoje shipyard, chosen for vendor quality among 400 different sub-suppliers. The company’s order intake in 2008 is NOK 300 million, and the order reserve is NOK 380 million. As at 31st December 2008, the company had 46 employees and a turnover of NOK 88 million, which is an impressive increase of 40 per cent from 2007.

Market and customers

Scana Korea’s key customers are shipyards that build larger types of ships such as tankers, LNG carriers, LPG carriers, bulk carriers and large offshore vessels such as FPSOs (production ships), rigs etc.

The main market is currently the shipyards of Hyundai, Samsung, Daewoo, STX, Hyundai-Mipo, Hyundai-Samho, SPP and other medium and small-size shipyards in Korea. The company expects that activity and outlook will remain firm also in 2009.

Products and services

The company develops, manufactures and supplies systems for the remote control of valves in cargo, ballast and other systems for ships, offshore vessels and fixed offshore installations. No other products or technologies can currently be substituted for the company’s products. They will generate a high level of interest in the foreseeable future.

The company has successfully supplied products to several drilling ships built at Daewoo and to AKPO FPSO built at Hyundai during the last couple of years. The company has won two huge FPSO projects (Pazflor and Usan) from Daewoo and Hyundai respectively. The equipment will be delivered to both shipyards during 2009. The FPSO projects will be delivered to the owner (TOTAL in France) during 2010.