Samsung E&C Aims
for ￦20 tln in Sales by 2010

Announces its mid- and long-term visions

Samsung Engineering & Construction Co. (Samsung E&C) aims to chalk up 10 trillion won annually by 2010 and become a global top-10 company by the year 2020.
During the celebration for the 30th anniversary of its entry into the domestic construction industry at the World Cup Stadium in Sangam-dong, Seoul, on Oct. 19, Samsung E&C unveiled its mid- and long-term vision, titled "Global Partner Creating a Better Value for Humans, Nature and the Future."During the ceremony, Samsung E&C declared its resolve to realize its so-called "Triple-10 goals ,"post 10 trillion won in sales by 2010, increase the operating profit rate to 10 percent by 2017 and become a global top-10 company by 2020. The company unveiled its catchphrase, "Global Futuremark,"designed to confirm its determination not only to benchmark other competitors but also to create its own landmarks.
In order to brace for the rapidly changing global and domestic construction market and fierce competition, the construction arm of Samsung Corp. has also decided to restructure its business portfolios, expand its global business presence and advance its management systems.
Samsung E&C announced five mid- and long-term tasks to strengthen its competitive edge in the construction business, expand its development project capabilities, advance the launch of operation projects, accelerate global businesses and reorganize systems for providing support in carrying out growth-oriented projects.
Samsung E&C President Lee Sang-dae said, "Samsung E&C will focus on the execution of its three main areas of expertise - construction, development and operation of facilities - in order to put Samsung E&C on par with world-class competitors while raising the portion of overseas revenues by localizing the existing Middle Eastern markets and strategic areas."He added that his company would stick to its sustainable management philosophy as a world-class contractor by conducting activities that contribute to society and are suitable to its own markets in foreign countries. nw

Samsung E&C President Lee Sang-dae