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, Jan. 12 (Korea Bizwire) — South Korean construction machinery maker Hyundai Construction Equipment Co. said Tuesday that it has joined in recovery efforts in the U.S. state of Tennessee following a recent series of catastrophic storms. Hyundai Construction Equipment Atlanta, together with local dealership First Choice Farm & Lawn, sent equipment and specialists to [...]
SEOUL, Nov. 26 (Korea Bizwire) — Construction machinery maker Hyundai Construction Equipment said Friday it has obtained orders for 534 units of construction equipment from Russia this month. The deals with unidentified Russian miners and builders include orders for 510 excavators, 15 wheel loaders and nine skid-steer loaders, Hyundai Construction Equipment said in an emailed [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Construction Equipment Co. (HCE) said Thursday it has signed a deal with its holding company Hyundai Genuine Co. to sell its industrial vehicle division for 136 billion won (US$115.8 million). The deal set to go into effect on Jan. 1, 2022, is intended to focus on the construction [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korean construction machinery maker Hyundai Construction Equipment Co. on Tuesday said it will develop small-sized forklifts to be powered by hydrogen fuel cells. The subsidiary of Hyundai Genuine Co. will team up with S-Fuelcell Co., a local hydrogen fuel cell maker, to commercialize the 1-3 ton forklifts by [...]
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, Oct. 24 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are witnessing a surge in sales of excavators in India and other emerging countries in addition to their stellar performance in China, industry sources said Tuesday. In the first half of the year, Doosan Infracore saw its sales in [...]