It is reported that Hyundai Heavy Industries recently held the production ceremony of the 5000th propeller (purchasing and supply of products) at its Ulsan factory. The 5,000th propeller has a diameter of 10.6 meters and a weight of 77 tons. It is planned to be installed at the end of February on a 300,000 dwt VLCC built for Greece's Thenaris.

Hyundai Heavy Industries is the world's largest shipbuilding company, but few people know that Hyundai Heavy Industries is the world's largest manufacturer of ship propellers. Hyundai Heavy Industries is not only the only manufacturer in Korea that can produce large-scale ship propellers weighing more than 40 tons, but also has the largest market share in the global marine propeller market, with a market share of 31% in 2015.

Since the first propeller was produced in 1985, Hyundai Heavy Industries produced the 100th propeller in 1987 and the 1000th in 1999. In 2005, it produced the 2000th. Since 2000, Hyundai Heavy Industries has produced more than 200 propellers per year. Hyundai Heavy Industries also created the Guinness World Record in 2001, which produced the world's heaviest propeller at the time, reaching 102 tons.

In addition, in 2003, Hyundai Heavy Industries used the furan resin process for the first time in the world to manufacture large propeller castings. The process, dubbed the "furan process", is a casting process for castings that reduces propeller price and production time. The new technology is said to use a furan resin technology to make a sand mold to cast a propeller. With this new technology, Hyundai Heavy Industries can cast marine propellers up to 6m in diameter and weighing less than 20t. With this new technology, the time required for Hyundai Heavy Industries to cast a propeller can be shortened from two weeks to one week; three skilled workers can cast 40 propellers per year.

According to a person in charge of Hyundai Heavy Industries: "The company is currently developing a new type of propeller made of composite materials, with the goal of producing a 25% light weight propeller in 2018. The company will continue its efforts to develop technology and improve quality. Maintain its position in the global propeller market."

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