Samsung Heavy Industries Co., Ltd. is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea (including Hyundai and Daewoo). A core subsidiary of the Samsung Group, South Korea's largest conglomerate, SHI's main focus is on the engineering, procurement, construction, commissioning and the delivery of: transportation ships for the commercial industry, topsides modules, drilling and floating production units for the oil and gas sector, gantry cranes for fabrication yards, digital instrumentation and control devices for ships, and other construction and engineering services.
Construction Equipment Division
Starting in the late 1980s, SHI produced forklifts and heavy equipment (mainly excavators) at Changwon. The forklift production was established through agreements with Clark Material Handling Company (production started in 1986) and the heavy equipment production came from the construction equipment division of Korea's Heavy Industries and Construction, acquired by Samsung in 1983 (SHI began manufacturing heavy equipment in 1987). The forklift and heavy equipment businesses were sold off in 1998.