Construction PG Conducts ‘2013 Integrated Purchasing Group Partners Win-Win Growth Meeting’

On April 23 in Seoul Palace Hotel, the Construction PG conducted the ‘2013 Integrated Purchasing Group Partners Win-Win Growth Meeting’ with representatives of partner companies and employees. Over 30 employees and representatives of about 100 partner companies participated in the meeting, listening to the recent difficulties of specialized construction businesses such as increased construction costs. They also discussed various pending issues including Hyosung’s various support policies for win-win growth with partners, such as improvement of terms of payment and benefit sharing.
The Construction PG also explained the operation plans for the Integrated Purchasing Group and the business plans for the three units of the Construction PG. They listened to the opinions of partner companies and introduced policies to establish partnerships for win-win growth. The Construction PG stated that they will ‘accept estimates of alternative construction methods using technical skills and knowhow of partners through alternative tender and benefit sharing, and expand the application scope of new construction methods and new products.’ Moreover, they announced their plans to prevent unreasonably low-price orders and dumping bids by conducting low-price deliberations and secure reasonable profits for partners, and also to establish a foundation for win-win growth of Hyosung as well as partners by providing information on good orders. “I would like to ask all of you to make efforts to thoroughly review the partners’ difficulties discussed in this meeting with relevant departments and actively reflect them, so that this occasion can be a starting point of mutual trust and communication rather than only an official meeting,” requested Cha Cheon-soo, Head of the Construction PG. It was expected that about 100 representatives of partner companies would participate among the partners of Hyosung Construction PG Integrated Purchasing Group, but over 300 companies requested participation, making a great appeal to the industry. The Construction PG will expand the scope of potential participants and continue to hold meetings to collect various opinions of the partners.