Managing director: H. B. Noh Scana’s ownership: 49 per cent
Scana Korea Hydraulic Ltd. 73, Goldenroot-ro 130 beon-gil, Juchon-myeon Gimhae, Gyeognam, Korea
The company develops, manufactures and supplies systems for remote control of valves in cargo, ballast and other systems for ships, offshore vessels and permanent offshore installations.
Scana Korea was established as a joint venture company in 1998. The company was at the time a minor supplier of valve remote control systems in Korea. At present, the market share in Korea has reached approximately 25 %. Consequently, the company is the 2nd largest local supplier in Korea. Scana’s ownership is 49 %.
In 2010, the company has renewed the highest possible qualification among Samsung shipyard suppliers. The company’s order intake in 2010 is strengthened as a result of good competitive power and several contracts in South Korea, securing a robust order reserve for 2011. By the end of 2010, the company had 50 employees and a turnover of NOK 180 million and a satisfactory operating result.
Markets and customers
Scana Korea’s key customers are shipyards that build larger types of ships, such as tankers, LNG tankers, LNG carriers, LPG carriers, bulk carriers and large offshore vessels, such as FPSOs (production ships), rigs etc. The main customers are currently shipyards at Hyundai, Samsung, DSME, STX, Hyundai-Mipo, Hyundai-Samho, SPP and other medium and small sized shipyards in Korea.
In 2010, the company successfully completed sophisticated valve remote control systems to two huge FPSO projects (Pazflor and Usan). In 2011, the CLOV project will be of prominent importance. Major Korean shipyards are working on several offshore projects that Scana Korea Hydraulic Ltd. will tender for.
Products and services
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 includes tank level gauging systems in a package delivery with valve remote control systems, and as a result, the contract volume per project is increased.