
Ssangyong Engineering and Construction is a South Korean company that has been around for over 60 years. It was established in 1954.
The company's name is derived from the Korean words "ssang" meaning double and "yong" meaning dragon, symbolizing its ambition to grow and expand.
Ssangyong Engineering and Construction is a leading player in the global construction market, with a strong presence in Asia, the Middle East, and Africa.
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Financial Information
Ssangyong Engineering & Construction Co. Ltd. has a strong financial standing, with an annual revenue of $467.5 million in 2025.
The company's financial performance is a testament to its efficiency and effectiveness in the construction industry.
Ssangyong Engineering & Construction Co. Ltd. has a significant presence in the global market, with a substantial annual revenue.
Their financial stability allows them to invest in new projects and technologies, further solidifying their position in the industry.
The company's financial information is a crucial aspect of its overall success, and it's clear that Ssangyong Engineering & Construction Co. Ltd. is a major player in the construction sector.
Their annual revenue is a key indicator of their financial health, and in 2025, it reached $467.5 million.
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News and Contracts
Ssangyong Engineering & Construction is in talks to be sold to a South Korean firm, Global SAE-A, for an undisclosed value. A massive rights offering is being discussed as part of the deal.
The deal may be finalized before August, according to industry sources. This could be a significant move for the company, which has been focused on overseas construction projects.
Ssangyong E&C was wholly bought by the Investment Corporation of Dubai (ICD) in 2015 for 180 billion won. At that time, it was the country's 19th-largest construction firm.
The company has been successful in its overseas projects, with its sales reaching 1.4 trillion won (US$1.12 billion). This is a notable achievement for a South Korean construction firm.
For the year, Ssangyong E&C aims to garner 2.9 trillion won in orders and 1.57 trillion won in sales. This ambitious goal may be impacted by the proposed sale.
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Company Details
Ssangyong Engineering and Construction is a South Korean company. It was founded in 1977.
The company's headquarters is located in Seoul, South Korea.
Naics Code
Ssangyong Engineering & Construction Co. Ltd. has multiple NAICS codes, specifically 54133, 541, 5413, and 54.
These NAICS codes provide a standardized way to identify the company's primary and secondary business activities.
Employees
Employees at Ssangyong Engineering & Construction Co. Ltd. work in various fields, including construction and manufacturing.
Construction is a significant sector where employees are employed, with multiple locations such as Abu Dhabi and Dubai.
The company also has a presence in appliances, electrical, and electronics manufacturing.
A breakdown of the company's locations includes:
- Construction Abu Dhabi, Abu Dhabi
- Real Estate Dubai, -
- Construction Dubai, Dubai
- Construction GANGDONG-GU, SEOUL
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