Latest news with #SamsungC&T
India.com
3 days ago
- Business
- India.com
Dubai's Burj Khalifa, world's tallest building, is standing because of India, it was built using Indian...., this company supplied....
Dubai's Burj Khalifa, world's tallest building, is standing because of India, it was built using Indian...., this company supplied.... Everyone knows about Burj Khalifa, the world's tallest building located in Dubai as it stands as a symbol of luxury and wealth. Owning a flat or apartment in Burj Khalifa is seen as a clear sign that someone is rich. Rising to a height of around 828 meters, it can be seen from nearly 100 kilometers away. But there are some interesting facts about Burj Khalifa that many people are not aware of. For example, which company built this massive tower? What makes it even more interesting is that the company that built it is quite famous, and though many know its name, only a few know that it also constructs buildings like this. Even more surprising is that this sky-high tower stands strong thanks to materials from India. In fact, the cooling system that helps keep this giant structure comfortable was also made by an Indian company. Who built the Burj Khalifa? The Burj Khalifa was built by Samsung C&T, a South Korean company. It is the same company that is famous worldwide for making smartphones, televisions and other electronic appliances. But apart from all this, Samsung also has a construction division called Samsung C&T, and it's this division that built the Burj Khalifa. Samsung C&T is well known for building some of the tallest and most iconic buildings in the world. Along with Burj Khalifa, this company has also worked on other famous skyscrapers like the Petronas Towers and Merdeka 118 in Kuala Lumpur, Taipei 101 in Taiwan, and the Tadawul Tower in Riyadh, Saudi Arabia. Their expertise in high-rise construction is recognized globally. What makes Burj Khalifa so strong? The strength of the Burj Khalifa comes mainly from the high-quality steel and concrete used in its construction. And surprisingly, a large part of the steel used in this skyscraper was supplied by India's Tata Group. Tata provided around 39,000 tonnes of steel to help build this massive structure. This steel was used to construct around 400 million square meters of flooring inside the building. Along with that, the construction also used about 330,000 cubic meters of concrete, which is equal in weight to around 100,000 elephants! These strong materials together form the solid foundation that helps the Burj Khalifa stand tall and safe.
Yahoo
03-04-2025
- Business
- Yahoo
Fermi Energia and Samsung link to develop SMRs in Estonia
Fermi Energia and Samsung C&T have signed a co-operation agreement to advance the construction of two BWRX-300 small modular reactors (SMRs) in Estonia. The initiative is a significant step towards bolstering Estonian nuclear energy, aiming to ensure energy security and support climate neutrality goals. The agreement outlines the development of a framework for constructing small reactors with a capacity of up to 600 megawatts electric. The collaboration will focus on establishing an engineering, procurement and construction (EPC) partnership, assessing site construction options, estimating costs and devising financing strategies. Samsung C&T is positioned to become the lead EPC contractor for the Estonian small reactor project. The agreement builds on a memorandum of understanding signed in November 2024. Fermi Energia CEO Kalev Kallemets stated: 'The signing of this co-operation agreement provides the prerequisites for the cost-effective and timely construction of small reactors in Estonia.' Fermi Energia and Samsung C&T will collaborate in the pre-FEED phase to agree on project terms and prepare an initial budget. The plan includes conducting a full-scale front-end engineering design phase, laying the groundwork for regulatory permits and construction. Kallemets went on: "Nuclear energy is not an easy technology and in a small country like Estonia it can only be realised in co-operation with reliable and democratic partners. South Korea is already an important partner in the Estonian defence industry, and Samsung C&T's experience in nuclear energy and large power projects is key to ensuring that small reactor projects in Estonia and across Northern Europe proceed as planned and stay within budget.' The collaboration extends beyond Estonia, with both parties recognising the potential for small reactors throughout Northern Europe. Samsung C&T aims to participate in between 10 and 15 BWRX-300 reactor projects across the region, achieving economies of scale and reducing risks. In February 2023, GE Hitachi Nuclear Energy secured a contract from Fermi Energia to supply its BWRX-300 small modular reactor, supporting the development of Estonia's nuclear energy sector. "Fermi Energia and Samsung link to develop SMRs in Estonia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Korea Herald
13-03-2025
- Health
- Korea Herald
Samsung invests $10m in US Alzheimer's diagnostics firm C2N
Samsung C&T announced Thursday that its Life Science Fund, established in collaboration with Samsung Biologics, Samsung Bioepis and Samsung Venture Investment, will invest $10 million in C2N Diagnostics, a US-based Alzheimer's testing company. C2N specializes in analyzing protein biomarkers — biological indicators used to track disease progression and drug responses — found in extremely low concentrations in the blood. Leveraging this technology, the company has developed a blood test for diagnosing Alzheimer's disease and has participated in global clinical trials for Alzheimer's treatments and other central nervous system disorders. C2N's blood test provides a safer and more cost-effective alternative to traditional diagnostic methods, such as amyloid PET-CT scans and cerebrospinal fluid tests. The test enables precise measurement of multiple Alzheimer's-related proteins, including amyloid-beta, making Alzheimer's diagnoses more accessible and convenient. The company plans to seek FDA approval for its test within this year. C2N CEO Joel Braunstein said the investment will support global expansion efforts. 'C2N Diagnostics has the potential to lead pharmaceutical research support and related services,' said Kim Jae-woo, vice president of Samsung C&T's life science division. 'This investment secures Samsung's foothold in the sector.' The Life Science Fund, managed by Samsung Venture Investment, was established with 240 billion won ($180 million) to foster next-generation biotechnologies. Previous investments include Araris Biotech and AimedBio, which specialize in antibody-drug conjugates, and Generate Biomedicines, which develops protein-based biopharmaceuticals using machine learning.
