STX Corporation

STX Corporation

Type	Public
Industry	Heavy equipment
Founded	1976 (renamed in 2001)
Headquarters	Jinhae, South Korea
Key people	Chairman Kang Duk-soo
Products	Shipbuilding, Construction, Energy, Trade, Banking
Total assets	$ 23 billion USD (2008 2Q)
Number of employees	44,000 (STX Total) 2008 20,000 (STX Europe)
Subsidiaries	STX Corporation STX Offshore & Shipbuilding STX Engine STX Pan Ocean STX Energy STX Heavy Industries STX Enpaco STX Construction STX Europe ASA STX Dalian
Website	STX Corporation

STX Corporation is a South Korean holding company engaged in the provision of trading services. Headquartered in Gyeongsangnamdo, South Korea, the company operates its business through two divisions: trade and ship maintenance. Its trade business division provides shipping and energy materials, coal, oil, steel and others. Its ship maintenance business offers cargo management, marine technical, insurance, crew management and other related services.^[1] The company had five local subsidiaries including STX Offshore & Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy. STX Offshore & Shipbuilding is the world's fourth largest shipbuilder, recently acquired Norwegian shipbuilder Aker Yards in order to diversify their product line.^[2] As Europe's second largest shipbuilder behind Italy's Fincantieri, Aker Yards has a technical background in cruise ship building. STX Group, formerly Ssangyong Heavy Industries, recently had an IPO of STX PanOcean. The IPO gave the group a substantial amount of cash to acquire Aker Yards.

STX business areas

• Shipbuilding business
• Offshore business
• Diesel engine business for ships and military
• Diesel power business
• Industrial plant business
• Construction
• Energy
• Shipping
• Electronic equipment (TASS, TACM, Radar..)

Shipbuilding

• STX Offshore & Shipbuilding
• STX Europe
• STX Dalian
• STX-VINA Heavy Industry co., Ltd
• Far Eastern Shipyard-STX

Engine

• STX Engine
• STX Metal
• STX Heavy Industries (Large Size Engine)

Construction and plant

• STX Construction
• STX Heavy Industries

Energy

• STX Energy
• STX Solar
• Tiger Oil

Shipping

• STX Pan Ocean

Bank

• Heungguk Mutual Savings Bank

See also

• Economy of South Korea
• STX Europe ASA
• STX Offshore & Shipbuilding

References

External links

Wikimedia Commons has media related to STX Corporation.

• STX Corporation
• STX SouL Pro-Game Team
• Gyeongnam FC K-League Pro-Soccer Team