Hyundai Heavy Industries Rolls out 500,000th piece of Construction Equipment

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Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading construction equipment manufacturer, recently handed over its 500,000th unit of construction equipment to a client.

The 500,000 construction equipment production record was achieved 28 years after the company introduced its first excavator in 1987. Although the company started the business with 426 new excavators in 1987, it has now emerged as a major player in the market with the broadest product range among Korean OEMs. HHI’s product lines include 1.5-ton excavators, 30-ton forklifts, and Korea’s largest 120-ton excavators. The company also recently announced its eco-friendly and high efficiency HX series excavator models.

HHI has been active in making inroads into global construction equipment markets with five overseas production factories in China, India and Brazil. Through tireless efforts in R&D, differentiated customer services and marketing activities, HHI achieved US$2.7 billion in global sales in 2014. This year, the company targets to secure US$3.0 billion in global sales.

Mr Rhee Sang-gi, COO, Construction Equipment Division, HHI, said, “We will continue to introduce new models with improved quality and performance and solidify our position as a reliable maker in the international construction equipment market.”

June 4, 2015

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Tom Stone is Editor of the iVT brand – which includes digital and print editions of a quarterly magazine, Off-Highway Annual, and the Advanced Lift-truck supplement, as well as the iVT website ivtinternational.com, which is updated daily with industry news, exclusive features and expert opinion. During his time at the helm of iVT Tom has met and interviewed some of the world's leading industrial vehicle OEM presidents, CEOs and MDs, and takes great pride in cementing iVT's place as the leading forum for debate within the industry, a reputation that his been built up over the brand's 25-year history.

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