SEOUL, Dec. 18 (Korea Bizwire) – A YouTube advertisement featuring the heartwarming tale of an excavator turned beloved pet has taken the online world by storm. Titled “My Ground Puppy Daebali,” the video ad was released by the construction equipment brand Develon, a subsidiary of HD Hyundai Infracore, in September. The video, a captivating human faux [...]
SEOUL, Dec. 14 (Korea Bizwire) — HD Hyundai Construction Equipment Co. said Thursday it has won a deal from a construction company in Saudi Arabia to supply 100 excavators. Under the deal, the construction equipment unit of South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group plans to supply 70 units of its 22-ton excavators and 30 [...]
SEOUL, Nov. 9 (Korea Bizwire) – On Wednesday, HD Hyundai Infracore announced the release of South Korea’s first 130-ton excavator designed for demolition, bearing the model name DX1000LC-7 Demolition. The company also recently delivered the inaugural unit. Compared to existing models, the DX1000LC-7 Demolition has seen its working range grow by 10 meters, enabling work at [...]
SEOUL, May 17 (Korea Bizwire) — South Korean construction machinery maker Hyundai Construction Equipment Co. said Tuesday it captured the top spot in India’s excavator market in April for the first time, outselling Japanese and Chinese rivals. Hyundai Construction Equipment sold 382 excavators in Asia’s third-largest economy last month, chalking off a leading market share [...]
SEOUL, March 12 (Korea Bizwire) — South Korean excavator manufacturers are enjoying brisk sales in China and emerging markets this year on China’s pump-priming policy to cope with the coronavirus pandemic and increased prices of raw materials. Doosan Infracore Co. sold 1,754 units in China in February, rising more than three times from a year [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s two excavator makers are expected to see a steady rise in their shipments to China this year thanks to a boom in the neighbor’s construction market, according to industry watchers Sunday. “The Chinese government’s policy to boost the economy is forecast to expand the volume of the [...]
SEOUL, Dec. 15 (Korea Bizwire) — Sales of excavators by Doosan Infracore Co. in China are expected to reach the highest in a decade this year on strong demand in the world’s No. 2 economy, industry data showed Tuesday. According to the data by the China Construction Machinery Association, Doosan Infracore sold 1,692 units of [...]
SEOUL, Nov. 3 (Korea Bizwire) — Doosan Infracore Co. said Tuesday its Chinese unit has produced its 200,000th excavator in the country. The accumulated output came 26 years after South Korea’s leading construction equipment maker entered the Chinese market in October 1994, the company said in an emailed statement. The Chinese excavator market is expected [...]
SEOUL, May 20 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are set to bask in increased sales in China as the world’s No. 2 economy is ramping up efforts to rebound from the coronavirus outbreak, industry data showed Wednesday. Doosan Infracore, South Korea’s No. 1 construction equipment maker, sold [...]
SEOUL, Feb. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, and Hyundai Construction Equipment Co. (HCE), the country’s No. 2 construction equipment maker, will join hands to develop construction vehicles such as excavators and forklifts powered by hydrogen. The two and Hyundai Mobis Co., the country’s biggest auto parts maker [...]