Hyundai invests in Korea factory

News Story
- 27 Jan 2022 ( #1061 ) - Ulsan, Korea, Republic Of
1 min read
Hyundai will invest in its Ulsan factory
Hyundai will invest in its Ulsan factory

Hyundai Construction Equipment (HCE) will invest approximately USD170 million in its Ulsan factory, its major production base, in a drive to strengthen its competitiveness in light of the boom in global construction equipment.

The upgrade will increase capacity by 50%, to more than 15,000 machines per year. The move will support Hyundai’s growing presence in the booming global construction equipment market, while providing a manufacturing base for a new generation of electric and hydrogen-powered equipment.

This is the largest investment since HCE’s launch as a newly established corporation within the Hyundai Heavy Industries group.

The company will merge the production and assembly functions currently undertaken in Factory 1 and Factory 2 into a single facility, simplifying the flow of processes and increasing savings by maximising efficiency. This will reduce the working hours involved in machine production and cut logistics costs throughout the supply chain. The move will also reflect HCE’s environmental, social and governance factors, using eco-friendly sub-materials when conducting interior and exterior finish work.

The ramp-up of production includes a focus on hydrogen-powered equipment, with a range of fuel cell forklifts due to launch in 2023.

“Strengthening the competitiveness of the Ulsan factory is the first challenge that needs to be addressed to reach the global top five, the goal of the construction equipment division of the Hyundai Heavy Industries group,” says CEO Choi Cheol-gon.

“With this investment, we will further raise our brand competitiveness by producing and delivering construction equipment with increased efficiency.”

Skyjack expands manufacturing 
Skyjack expands manufacturing  26 Jan 2023 - Ramos Arizpe, Mexico - 1 min read
Dealers visit new Haulotte China factory
Dealers visit new Haulotte China factory 26 Jan 2023 - Changzhou, China - 1 min read
Sunlight expands in North Carolina
Sunlight expands in North Carolina 20 Oct 2022 - Greensboro, NC, United States - 1 min read
Previously about:
Capow helps achieve 100% uptime for Hyundai Glovis News Story - 5 Jun 2025 - Be’er Sheva, Israel - 1 min read
Toyota-Hyundai partnership to research humanoid technology News Story - 31 Oct 2024 - Boston, United States - 1 min read
CeMAT exhibitors upbeat about technology News Story - 8 Aug 2024 - Melbourne, VIC, Australia - 10 min read
Do you have materials handling news? Submit your news here

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

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager

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

Forkliftaction's JOB MARKET

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

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

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

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!