SK oceanplant's business strategy is aligned with climate change response. To contribute to net-zero, we have become a company specializing in offshore wind power substructures.
SK oceanplant, which started as Korea's first steel pipe company in 1999, has been constantly challenging itself to grow into a world-class substructure manufacturer. SK oceanplant was the first to localize steel pipe, which was entirely imported, and after numerous trials and errors, it has grown into a global shipbuilding and offshore company based on its unique technology.
Since joining forces with SK ecoplant, an environmental and energy solutions company, in November 2021, the company has been playing a key role in the value chain of the offshore wind power business and continues to grow based on its world-class technology in the manufacturing of substructures, which are core materials.
SK oceanplant is expanding its business beyond its existing areas of steel pipes, specialty ships, and substructures to include floating offshore wind farms and offshore substations, and plans to expand its global footprint to Vietnam and China.
Currently, we are building the world's largest production plant for wind power structures with an area of 1.57 million square meters in Goseong, Gyeongnam. This will provide a base for manufacturing large fixed substructures as well as floating offshore wind equipment, gunboats, and offshore substations. With the completion of the new plant in 2026, the company is expected to grow its annual sales to more than KRW 2 trillion based on the increase in offshore wind-related orders in the global market and become a global offshore wind power leader.