Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Hyundai Motor Company
  6. News
  7. Summary
    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hyundai Motor : BBC Storyworks produces documentary film about largest ocean clean-up by Hyundai Motor and Healthy Seas in Ithaca, Greece

07/29/2021 | 09:19pm EDT
  • · With the support of Hyundai Motor, Healthy Seas completed its largest ocean clean-up yet at an abandoned fish farm in Ithaca, Greece
  • · The clean-up began 8 June, World Oceans Day, and took a team of 45, eight days to remove 76 tonnes of debris from the sea, coastline, and beaches
  • · Various types of waste to be recycled into new materials a circular economy
  • · The purpose of the commercial film was to document the project, telling the story of the clean-up, its impact on the environment, and the collaboration by the many partners
  • · The documentary 'Turning Tides' airs August 2nd on BBC Future Planet as well as Hyundai social media channels

Offenbach, 29 July 2021 - Marine conservation organisation Healthy Seas recently completed the biggest ocean clean-up operation in the organisation's history. With support from Hyundai, volunteers were able to remove 76 tonnes of waste from an abandoned fish farm in Ithaca, Greece. Especially the retrieved nets will be recycled and be introduced to a circular economic value chain. A new BBC Storyworks documentary tells the story.

Hyundai announced its partnership with Healthy Seas earlier this year as a way of fostering a more sustainable future. With the company's commitment to developing emission-free mobility solutions, and Healthy Seas' expertise in protecting marine ecosystems, the two organisations hold a shared vision for shaping sustainable communities.

'This accomplishment is an example of our holistic approach to pursuing our Progress for Humanity vision,' says Michael Cole, President and CEO of Hyundai Motor Europe. 'Beyond providing zero-emission mobility solutions on land, we also care about protecting fragile ecosystems at sea. That is why we partner with Healthy Seas throughout this project. With BBC Storyworks we were able to win an important partner to tell our story. Together, we have successfully overcome the tremendous logistical challenges to make this vision become a reality!'


Journey to Ithaca: cleaning up the aftermath of an environmental catastrophe

The clean-up activities focused on an abandoned fish farm on the Greek island of Ithaca. In 2020, a hurricane-force storm called Ianos hit a fish farm on the island which had been abandoned since 2012, scattering tonnes of industrial waste such as plastic pipes, fishing nets, nylon ropes, metal debris, and more into the surrounding waters. This had a catastrophic effect on the surrounding marine ecosystem.

The clean-up presented a vast challenge to organise, both due to the remote location of the fish farm and the sheer amount of debris to be removed. Overall, it took six months of planning; a team of 45, including 20 divers; several vessels and countless volunteer hours of work to plan and finally execute the project.

On June 8 - World Oceans Day the teams started with the actual clean-up. A team of 14 international volunteer technical divers from the partner organisation Ghost Diving worked to remove the rings, pipes and fishing nets, while commercial divers were recruited to remove heavy metal structures found on the seabed. Another team of volunteers combed the beaches, some of which were covered knee-deep in foam pellets that had spilled out of the floats over the years.

The team recovered 76 tonnes of debris from the sea, coastline, and beaches. In addition to removing the waste, a group of divers - which included Erik Wurz, marine biologist at Wageningen University - conducted scientific research to assess the impact of the pollution on the local environment. Overall, it represented the biggest ocean clean-up in the history of Healthy Seas.

'What we achieved on the beaches and in the waters of Ithaca is truly extraordinary,' says Veronika Mikos, Director of Healthy Seas. 'This clean-up wouldn't have been possible without the support of Hyundai and the help of our many international and local partners. Our efforts will have an immediate and measurable effect on the local community and marine ecosystems.'

Fishing nets turned into ECONYL® regenerated nylon in a circular economy

However, the journey did not end there - the waste collected was sent off to a collection point near Athens to be recycled into new materials. Partner organisation Aquafil will take the nylon fishing nets, clean and sort them, and, together with other nylon waste, re-manufacture them into a new material called ECONYL®. ECONYL® yarn can be recycled infinitely. It can be used for clothing such as sportswear and swimwear, carpets, and even automotive upholstery. Hyundai's ultimate goal is to integrate ECONYL® nylon into its products and the 1st step was made with newly launched model IONIQ 5 which in Europe can be ordered featuring floor mats made with the ECONYL® fibre.

'By using the collected waste as a regenerated resource for future products, we'll be contributing to a circular economy that the environment and people around the world can benefit from,' says Veronika Mikos.


Sustainable documentary by BBC Storyworks

To document their activities and to raise awareness about marine protection and the joint approach of circular economy that Hyundai and Healthy Seas are approaching, Hyundai partnered with BBC StoryWorks, to tell the story of the Ithaca clean-up.

The documentary, called 'Turning Tides,' introduces the scale of the pollution from the fish farm, explaining its impact on aquatic life, before turning to the clean-up efforts. Veronika Mikos meets with Michael Cole to discuss the importance of environmental protection and a circular economy as well as Hyundai's vision for a sustainable future. The documentary follows the journey from waste to wear as volunteers collect litter from the beaches and the sea, before it is shipped to Aquafil's facility for cleaning and recycling. Everything is recycled as much as possible, with a certain type of polymer - Nylon 6 - being regenerated into ECONYL® nylon.

Sean O'Hara, EVP of international ad sales at BBC Global News said: 'Sustainable brands looking to communicate their green practices have long been commercial partners of BBC Global News due to our relevant and engaging content, our global and affluent audience, and our own commitment to being carbon neutral. Since the launch of BBC Future Planet, we have consistently offered audiences immersive, solutions-based content, and traffic to the site has increased exponentially over the past 12 months. We're pleased brands like Hyundai want to be part of this success; to stay top-of-mind, and for the BBC's expert storytellers to help them engage with audiences through creative and emotive brand campaigns.'

In order to stay true to the message of the film as well as Hyundai's vision for a sustainable world, BBC Storyworks was also mindful of sustainable practices during the production of the film. and used solar power to charge their equipment. The environmental organisation Albert awarded the production a Carbon Action Plan Rating of two out of three stars, and a Carbon Action Plan Score of 83 per cent, to recognise the steps the team took to reduce their carbon footprint.

The documentary will be available starting August 2nd on BBC Future Planet as well as all Hyundai social media channels.

A collaborative effort

In addition to Hyundai and Healthy Seas, the Journey to Ithaca ocean clean-up activities were the result of an enormous collaboration between more than a dozen volunteer, private industry, governmental, and non-governmental organisations. As a result, Hyundai would like to extend its heartfelt thanks to the following organisations for making this event possible:


Ghost Diving

Enaleia

Kefalonia Fisheries

Hellenic Coast Guard

Odyssey Outdoor Activities

Aquatic Scuba Diving Club

Scubalife

Municipality of Ithaca

Prefecture of Ionian Islands

Decentralized Administration of Peloponnisos, Western Greece and Ionian

Kosamare

Ionian Environment Foundation

Hellenic Ministry of Maritime Affairs



About Healthy Seas

The mission of the 'Healthy Seas, a Journey from Waste to Wear' initiative is to remove waste from the seas, in particular fishing nets, for the purpose of creating healthier seas and recycling marine litter into textile products. The recovered fishing nets will be transformed and regenerated by Aquafil, together with other nylon waste, into ECONYL® yarn, a high-quality raw material used to create new products, such as socks, swimwear, sportswear or carpets. Since its founding in 2013, Healthy Seas has collected over 585 tons of fishing nets with the help of volunteer divers and fishermen.

https://www.healthyseas.org/


About BBC Future Planet

BBC Future Planet is the BBC's home for in-depth, evidence-based stories on potential solutions addressing the pressing environmental challenges around the world. BBC Future Planet is the first major online publication with a sole focus on climate change that also aims to be as close to zero carbon as possible. From the site's launch in February 2020 to June 2021, its total carbon emissions from travel were just 857 kg - that is less than a return flight from Chicago to Los Angeles - a potential saving of up to 25.9 tonnes of carbon - the equivalent of five round-the-world flights.

https://www.bbc.com/future/future-planet


About BBC Storyworks

BBC StoryWorks is the commercial content studio of BBC Global News. It works with brands to create inspiring and engaging stories and digital executions, connecting and elevating them to the BBC's huge and influential global audience. BBC StoryWorks content is available to audiences on bbc.com outside of the UK.

http://www.bbc.com/storyworks

- End -

About Hyundai Motor Europe HQ

Hyundai Motor Europe HQ was formally established in 2000 with its main office in Offenbach, Germany. It is the regional headquarter responsible for over 40 markets with more than 3,000 outlets, taking a 3.6 per cent market share in 2020 (ACEA data). 75 per cent of the vehicles Hyundai sold in the region are models designed, engineered, tested and built in Europe to meet the needs of European customers, served by the company's extensive European infrastructure. This includes two factories primarily serving Europe: in the Czech Republic and Turkey.


As of January 2021, Hyundai has one of the youngest product ranges of any manufacturer, with almost all models younger than 1 ½ years old. More than 75 per cent of Hyundai's line-up in Europe is now available as an electrified version, and the company plans to electrify its entire European line-up by 2025. Furthermore, Hyundai is a pioneer in zero-emission mobility, including its fully-electric subcompact SUV KONA Electric, its second-generation fuel cell electric vehicle NEXO, and the recently-launched battery-electric IONIQ 5, the first model in its new IONIQ line-up brand. In 2020, more than 13 per cent of Hyundai cars sold in Europe, or nearly 60,000 units, were zero-emission vehicles, making Hyundai one of the leading manufacturers in terms of fleet share as well as total sales of zero-emission vehicles in Europe.


Hyundai offers its unique Five Year Unlimited Mileage Warranty package with all new cars sold in the region, providing customers with a five-year warranty with no mileage limit, five years of roadside assistance and five years of vehicle health checks.


More information about Hyundai Motor Europe HQ and its products is available at www.hyundai.news.


Follow Hyundai Motor Europe HQ on Twitter @HyundaiEurope and Instagram @Hyundai.Europe


About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Urban Air Mobility (UAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.


Disclaimer:Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

Disclaimer

Hyundai Motor Company published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 01:18:05 UTC.


ę Publicnow 2021
All news about HYUNDAI MOTOR COMPANY
09/25HYUNDAI MOTOR : Launches ‘E-mobility Pilot' in Singapore with SP Group and Komoco Mo..
PU
09/24China's Chengxin, Tsingshan team up for $350 million Indonesia lithium project
RE
09/24South Korea Begins Testing Hydrogen-Powered Streetcars, Eyes Commercialization by 2023
MT
09/24HYUNDAI MOTOR : Appoints Andrew Roberts as Vice President, Head of Global PR
PU
09/22Vehicle Recalls in South Korea Surpass 2 Million in First Eight Months of 2021
MT
09/22HYUNDAI MOTOR : Genesis Receive Prestigious Honors at 2021 IDEA International Design Excel..
PU
09/22Hyundai Motor's, Kia's Eco-Friendly Vehicle Sales Surge over 120% in US in August
MT
09/22German auto giants place their bets on hydrogen cars
RE
09/20HYUNDAI FUTURENET : Motor North America Appoints Jason Erb to Chief Legal Officer
AQ
09/20Hyundai Heavy Debuts on Kospi at Nearly Double the IPO Price
MT
More news
Analyst Recommendations on HYUNDAI MOTOR COMPANY
More recommendations
Financials
Sales 2021 118 731 B 101 B 101 B
Net income 2021 6 192 B 5,25 B 5,25 B
Net Debt 2021 70 598 B 59,9 B 59,9 B
P/E ratio 2021 8,38x
Yield 2021 1,92%
Capitalization 43 725 B 37 015 M 37 079 M
EV / Sales 2021 0,96x
EV / Sales 2022 0,87x
Nbr of Employees 70 388
Free-Float 70,8%
Chart HYUNDAI MOTOR COMPANY
Duration : Period :
Hyundai Motor Company Technical Analysis Chart | A005380 | KR7005380001 | MarketScreener
Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 207 000,00 KRW
Average target price 307 129,03 KRW
Spread / Average Target 48,4%
EPS Revisions
Managers and Directors
Eui-Sun Chung Vice Chairman & Co-Chief Executive Officer
Chang Jae-hoon Co-President & Co-Chief Executive Officer
Albert Biermann Co-President & Director
Eon-Tae Ha Co-President & Director
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
Sector and Competitors
1st jan.Capi. (M$)
HYUNDAI MOTOR COMPANY7.81%37 015
TOYOTA MOTOR CORPORATION26.93%252 924
VOLKSWAGEN AG24.25%137 986
DAIMLER AG28.53%93 053
GENERAL MOTORS COMPANY25.43%75 824
GREAT WALL MOTOR COMPANY LIMITED9.96%63 275