Officials from Daelim Industrial and Abeinsa Co. pose for a group photo after the two companies signed an MOU to cooperate in the latter's projects.

Daelim Industrial Co. signed an MOU with Abeinsa Co. to cooperate on the Spanish company’s projects on hydro-electric generation dam, portable water and sewage systems, the construction firms said recently.

 The company said the signing took place at its head office in Suseong-dong, Seoul, with President Kim Dong-soo of Daelim Industry and President Kim Sang-woo of Daelim Energy signing on Dec. 3 -- with their Spanish counterparts signing for Abeinsa.

Abeinsa is the engineering, construction and concession-type infrastructure business unit of parent company Abengoa, founded in 1941 in Seville. 

Since its inception, Abeinsa has been characterized by continuous adaptation to change; it is a dynamic company that upholds and engages in growth-based policy and practice in alignment with market evolution and the ongoing process of globalization of the economy.

The experience and expertise built up over more than 60 years in creating infrastructure has made Abeinsa a leader in Spain and Latin America, boasting an extensive portfolio of both private and institutional customers. Furthermore, this diversification of activities that complement each other constitutes a source of strength when facing a continuously evolving economic environment, and provides the fortitude and stability needed to forge ahead in growth-focused projects, international expansion, and collaboration in major international consortia.

Boasting the longest history in the Korean construction industry, Daelim is a powerhouse and a global company that is actively engaged in business in the four corners of the world. 

Founded as Burim Corporation in 1939, Daelim has been played a pivotal role in Korea’s construction history, taking pride in the fact that Korea’s construction history is the history of Daelim. It is not an exaggeration to say that most of Korea’s landmark buildings have been completed with the help of Daelim, including Korea’s artery road, Gyeongbu Expressway, Seoul Metropolitan Subway, POSCO, National Assembly Building, Seoul Olympic Main Stadium, Gwanghwamun Square, and the world’s 4th longest suspension bridge.

Since Daelim entered the overseas market for the first time in 1966, it has played a pioneering role in penetrating overseas markets, thus setting records as the first company to secure foreign currencies from the overseas construction market, first company to export plants overseas, and first company to penetrate the Middle East and Africa markets. Daelim’s advancement in the global stage is being accelerated. 

Daelim reached the targeted cumulative order volume of $15 billion in Saudi Arabia, the hub of the construction industry in the Middle East, as the first Korean company to do so. “We implement various projects worldwide including Saudi Arabia, Kuwait, China, Vietnam, Philippines, and Singapore,” the company said. “The success of Daelim can be attributed to thorough project management capabilities, differentiated technical prowess, long-term accumulated global network, and business know-how.” Its E&C (Engineering and Construction) and petrochemical groups have been the flagship enterprise of the Daelim Business Conglomerate.In 1966, Daelim became Korea’s first company to work on an overseas construction project by entering the Vietnamese market.