Daewoo Engineering & Construction has implemented a restructuring and executive appointment to enhance its competitiveness in future growth sectors, including urban renewal and data centers. The company has strengthened its risk management capabilities for large projects and revamped its safety and quality management systems.
On October 8, Daewoo Engineering & Construction announced the details of its company-wide restructuring and executive appointments.
The urban renewal team under the construction division has been expanded into three teams: Urban Renewal Team 1, Urban Renewal Team 2, and Urban Renewal Management Team. With expectations for record-high orders in the urban renewal sector this year, the company aims to develop this area as a strategic business. To foster the data center business, a new Data Center Team has also been established, recognizing it as a key growth driver in the age of artificial intelligence (AI).
The company has also enhanced its risk management functions for large projects. To address major initiatives such as the Gadeokdo New Airport, the Dukovany Nuclear Power Plant in the Czech Republic, and liquefied natural gas (LNG) projects in Papua New Guinea and Mozambique, the Strategic Planning Division has subdivided its project management team into three: Building Project Management Team, Civil Engineering Project Management Team, and Plant Project Management Team.
A new Safety and Quality Division has been established to integrate safety and quality-related functions. This division aims to strengthen on-site quality management support and enhance the company-wide monitoring system to prevent serious accidents and quality issues.
The research and development (R&D) organization has also been restructured to enhance technological competitiveness. Research teams, previously dispersed across various business divisions, will be consolidated under a central technology research institute to improve on-site technical support and R&D capabilities.
A Daewoo Engineering & Construction official stated, "This restructuring and appointment are proactive measures to respond to the rapidly changing construction industry environment and to support sustainable growth. We aim to establish a foundation for sustainable growth through the expansion of strategic businesses, proactive risk management for large projects, and strengthening safety and quality competitiveness."
* This article has been translated by AI.
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