Hankuk Carbon wins another contract for Hyundai Heavy Industries LNG cargo hold insulation material supply

South Korea's Hankuk Carbon has received another order from Hyundai Heavy Industries Group for LNG cargo tank ultra-low temperature insulation materials, with a total amount of 48.
239355 billion won (about 40.
71 million US dollars), equivalent to 11.
72% of the company's sales last year
.

On December 29, Hankuk Carbon signed supply contracts with Hyundai Heavy Industries and Hyundai Sanho Heavy Industries respectively.
The contract value is 16.
079785 billion won (about 13.
57 million US dollars)
.
The contract period is from December 28, 2021 to August 28, 2023
.

Hankuk Carbon said: "The supply time of materials in this contract is determined at the request of the shipyard
.
Due to the production characteristics of the shipbuilding industry, the supply time of thermal insulation materials may also be changed according to the progress of the ship construction schedule
.
"

Hankuk Carbon is a company that produces thermal insulation materials for ships and marine engineering equipment.
It is also the main international manufacturer of LNG marine thermal insulation foam boards.
It has long been one of the three major Korean shipbuilding companies such as Hyundai Heavy Industries Group, Samsung Heavy Industries, and Daewoo Shipbuilding.
Supply ultra-low temperature insulation materials for LNG ship cargo hold
.
In July this year, the company signed a supply contract with Hyundai Heavy Industries and Hyundai Samho Heavy Industries respectively for the supply of ultra-low temperature insulation materials for LNG cargo tanks, with a total contract value of about 139.
4 billion won (about 121 million U.
S.
dollars)
.