Korean giant posts single-digit growth

News Story
- 25 Jul 2013 ( #626 ) - Ulsan, Korea, Republic Of
1 min read
The Hyundai stand at the LogiMAT expo in Stuttgart this year.
The Hyundai stand at the LogiMAT expo in Stuttgart this year.
Hyundai Heavy Industries Co Ltd recorded 2.3% growth in 2012 despite a difficult global economy.

President and CEO Lee Jai Seong says the company seized the opportunity to lay a solid foundation for growth in many areas amidst challenging circumstances.

"We became the world's first shipbuilder to pass the 100 million deadweight ton delivery milestone. We booked a USD3.2 billion power project order in Saudi Arabia, our largest order to date. And we raised our record in the Guinness World Records for the heaviest object lifted on land during the delivery of a 23,600 T gas compression platform to Woodside Energy of Australia," Lee explains.

The manufacturing giant, which also makes Hyundai forklifts, posted turnover of USD491.9 million in its 2012 truck division, compared to USD362.7 million the year before. Group turnover in 2012 totaled USD51.3 billion, compared to USD46.6 billion in 2011.

In 2012, Hyundai produced 18,000 units of motorised industrial trucks, compared to 15,700 units in 2011.
Interroll completes Indian acquisition
Interroll completes Indian acquisition 12 Sep 2024 - Sant'Antonino, Switzerland - 1 min read
Haulotte records loss on record sales
Haulotte records loss on record sales 30 Mar 2023 - L’Horme, France - 1 min read
Doosan Bobcat announces global brand strategy
Doosan Bobcat announces global brand strategy 16 Mar 2023 - Seoul, Korea, Republic Of - 1 min read
Previously about:
Engine program for Hyundai forklifts News Story - 9 May 2013 - Ulsan, Korea, Republic Of - 1 min read
Korean joint venture creates hundreds of jobs News Story - 27 Sep 2012 - Ulsan, Korea, Republic Of - 2 min read
Hyundai expands plant, confident in future growth News Story - 3 Jul 2008 - ULSAN, Korea, Republic Of - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
There is simply no ignoring the push for a greener, more sustainable materials handling equipment industry as manufacturers and customers alike seek eco-friendly solutions to reduce or eliminate carbon emissions... Continue reading

PREMIUM business

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

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 - Bolzoni S.p.A.

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

PREMIUM business

Combilift Ltd
Manufactures world class 4-way Handling Solutions

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

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!