Hyundai expands plant, confident in future growth

News Story
- 3 Jul 2008 ( #367 ) - ULSAN, Korea, Republic Of
1 min read
Hyundai's production facility in Ulsan.
Hyundai's production facility in Ulsan.
Hyundai Heavy Industries Co Ltd plans to invest USD330 million to expand its construction equipment production capacity with new facilities on the outskirts of Ulsan in South Korea.

Close to its existing plant, the new facilities will include a production and assembly plant, technical engineering offices, test laboratories, a machine depot and sales and marketing offices. The new site is expected to begin operating in October 2010.

The new facilities will double Hyundai's Ulsan plant space to 181,000m² (1,948,268sqft) and total production capacity will nearly treble from 22,000 units to about 60,000 units a year. The total area of the premises will grow from 218,000m² (2,346,533sqft) to 452,000m² (4,865,287sqft).

Hyundai will manufacture forklifts, excavators, wheel-loaders, mini/midi excavators and skid steer loaders at the new plant for the Korean and overseas markets.

Kiu-Hyun Park, Hyundai's construction equipment department COO, says the project reflects the company's confidence in the growing acceptance of its products in the global marketplace.
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In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

PREMIUM business

ROYPOW
Manufacturer of lithium forklift battery solutions, the global leader in the market of lithium batteries replacing lead acid batteries.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET