Subsea Energy Solutions (SES), a global equipment manufacturer for the offshore energy industry, are pleased to announce a strategic framework agreement with Hwaseung Material Co. Ltd to enter the Korean offshore wind market.
Subsea Energy Solutions are a trusted name in the offshore industry, with a world-leading product range of patented cable protection systems and subsea equipment.
Hwaseung Material Co. Ltd, part of the wider Hwaseung Group with a turnover of $4Bn USD and 47,500 employees, are a world-leader in specialised materials across automotive, defence, electronics and marine industries.
As part of the agreement the two companies will be jointly entering the Korean offshore wind market using Hwaseung Material Co’s manufacturing expertise, strength and capability, combined with the Subsea Energy Solution’s intellectual property, engineering services and experience in offshore wind, under the brand of Hwaseung Material Co. Ltd.
Upon the announcement Philip A.R. Stanyon, Company Founder & Technical Sales Director at Subsea Energy Solutions, said: "Our partnership with Hwaseung Material Co is extremely exciting as it brings together two trusted partners to work together and utilise the strengths of each company to enter the Korean offshore wind market.”
Mr. Stanyon, continued: “There is huge growth potential in the Korean offshore wind market, and the Subsea Energy Solutions product range is perfect for the ambitious projects that are planned in the region.”
A representative for Hwaseung Material Co. Ltd, said: “As a company we take pride in being the best in the world and we wanted to partner with a company who are also considered one of the best in the world, with products which are perfect for Korea, especially their patented J-tube & J-tube-less SUB-FLEX™ Cable Protection Systems.”
Within the framework the two companies will work in perfect harmony utilising UK based engineering design and support, with Korean business development and manufacturing.
Steve Pugh, Strategic Director at Subsea Energy Solutions, said: “This is an excellent move for both companies and will allow the partnership to become a global leader in cable protection systems and subsea equipment.”
The two companies are already tendering their first projects.
Find out more about Subsea Energy Solutions at www.subenesol.co.uk or Tel : +44 (0) 1748 828 580 / + 44 (0) 7738 726994
Find our more about Hwaseung Group at www.hwaseunggroup.com