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GS Chairman Seeks Cooperation With Armenia

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  • GS Chairman Seeks Cooperation With Armenia

    GS CHAIRMAN SEEKS COOPERATION WITH ARMENIA
    By Yoon Ja-young

    Korea Times
    http://www.koreatimes.co.kr/www/news/biz/200 9/12/123_56621.html
    Dec 3 2009

    GS Group Chairman Huh Chang-soo met with Armenian lawmakers Thursday
    to exchange ideas on the group's projects in the country and measures
    to build further cooperation.

    The lawmakers, led by Armenian National Assembly Speaker Hovik
    Abrahamyan, are visiting Korea on an invitation by Korean National
    Assembly Speaker Kim Hyung-o.

    The Armenian lawmakers visited GS Group headquarters in southern
    Seoul to show their appreciation for the efforts of GS Engineering
    & Construction in building a combined cycle power plant (CCPP) in
    Yerevan, the country's capital.

    Currently, GS has completed 93.8 percent of the construction process,
    and it is scheduled to be completed by April next year.

    At the meeting, Huh underlined the cooperation between Armenia and GS
    Group in the construction of infrastructure such as petrochemical and
    power plants. The chairman, who has emphasized that global business
    should be core growth engine of the group, has paid much attention to
    the group's projects overseas. GS Global, which was acquired in July,
    is working as the control tower of the group's overseas businesses,
    searching out new business opportunities and turning GS into a truly
    global business.

    The Armenian national assembly speaker asked GS Group to do its best
    for the successful completion of the CCPP, and added that the country
    was positively considering GS's participation in the construction of
    a second one, for which the country plans to place an order in the
    latter half of next year.

    GS is preparing a consortium with Japan's Mitsui to win the order
    next year.
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