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About EMC Holdings

Operator of electrical and mechanical contracting companies.

EMC Holdings Headquarter Location

5200 Riverview Road SE

Mableton, Georgia, 30126,

United States

(404)817-2333

Latest EMC Holdings News

SK E&C, Hanyang seek IPO with energy, environmental biz

May 31, 2021

SK E&C, Hanyang seek IPO with energy, environmental biz 31/05/2021 By Nam Hyun-woo Mid-sized builders SK Engineering & Construction and Hanyang Corp. are highlighting their capability in the renewable energy and environmental businesses, as part of their bids for a successful initial public offering (IPO) on the domestic bourse. Industry officials said this is a growing trend among domestic builders, which are attempting to embrace energy and environmental engineering as new growth drivers and lower their reliance on apartment construction. SK E&C said it plans to launch an IPO in the near future, although the company has yet to fix a timeframe. The company initially attempted to make its bourse debut in 2018, but suspended the bid after a deadly dam collapse in Laos that same year. The fresh bid comes amid the company’s fast expansion into energy and environmental businesses. Last year, SK E&C acquired environmental services company, EMC Holdings, for an estimated 1 trillion won. EMC Holdings is Korea’s No. 1 wastewater treatment company, and its portfolio includes sewage treatment, excrement disposal, sludge drying/incineration and piping. At that time, SK E&C CEO Ahn Jae-hyun described the environmental service as one of its growth drivers, meaning the company’s business will not be confined to conventional plant engineering and apartment construction. SK E&C is also making strides in the hydrogen fuel cell businesses. In January last year, SK E&C established a 49:51 joint venture with Bloom Energy of the U.S. to produce solid oxide fuel cells. The plant is expected to produce 50 megawatts of fuel cells this year, with plans to expand the capacity to 400 megawatts in 2027. This is in line with SK Group’s attempt to set up a hydrogen supply chain within its affiliates. Energy affiliate SK E&S will produce liquefied hydrogen, while SK E&C will generate power from hydrogen with its fuel cells. When their businesses stabilize, SK E&C is anticipated to be in charge of constructing SK Group’s hydrogen infrastructure. SK E&C is also seeking to rebrand itself, removing construction from its corporate name. Of new name candidates, SK Ecoplant is mentioned as most likely, as it represents the company’s pivot to eco-friendly businesses, industry officials said. Hanyang Corp. is also highlighting its energy business to boost its value ahead of its upcoming IPO. Currently, lead managers Mirae Asset Daewoo and KB Securities are conducting due diligence on Hanyang, planning to launch the IPO in the second half of the year. Hanyang is ranked No. 32 in the land ministry’s 2020 builder rankings, and is known for constructing Hanyang Apartment in Apgujeong, Seoul, which is one of the most expensive apartment complexes in Korea. To break away from its reputation as a conventional builder, the company is now branding itself as a renewable energy firm and plans to use the funds raised from the IPO for further energy investments. Currently, the company is building a massive LNG terminal in Yeosu, South Jeolla Province. Occupying 650,000 square meters, the company is seeking to construct four 200,000 kiloliter LNG tanks by 2024. In June, the company completed a large solar farm also in the province. It is equipped with 98 megawatt generation facility and 306 megawatt-hour energy storage system. In July, the company was selected as the preferred bidder for a 73 megawatt floating solar farm project in Saemangeum in North Jeolla Province.

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EMC Holdings Patents

EMC Holdings has filed 3 patents.

The 3 most popular patent topics include:

  • Cloud storage
  • Data management
  • Computer data storage
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10/24/2019

10/12/2021

Computer memory, Parallel computing, Fiber optics, Network layer protocols, Computer networking

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10/24/2019

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10/12/2021

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Related Topics

Computer memory, Parallel computing, Fiber optics, Network layer protocols, Computer networking

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Grant

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