OFFICIAL NEWS
PRESIDENT ILHAM ALIYEV VISITS SOUTH KOREA`S STX CORPORATION
President of Azerbaijan Ilham Aliyev met with Kang Dook-su, chairman of the South Korea`s shipyard manufacturer STX Corporation on April 25 in the city of Pusan. Kang Dook-su said STX has four affiliated companies. STX is focusing on core business areas through the vertical integration of shipbuilding and energy business. Founded in 1962, SFX currently employs 4600 workers. STX Shipbuilding, STX`s affiliated company, has built about 500 ships for the past 40 years. STX is a leading shipbuilder in Korea that played a major role in developing Korea`s shipbuilding industry based on the experience and expertise. STX Shipbuilding has plans for market expansion in the areas of up-to-date Ro-Ro Ship, Ferry and other types of value-added ships.
President Ilham Aliyev became familiar with the company, toured the facilities here and saw the process of building equipment and technologies. The Head of State said the shipbuilding cooperation with STX corporation will be fruitful.
The memorandum of understanding signed by the Azerbaijan Investment Company and STX Corporation on April 24 during the Azerbaijan-South Korea business forum in Seoul envisages construction of the wind power station and Caspian shipyard in the Garadagh district as well as other projects.