Skip to main content

Hyundai appoints Alain Worp as managing director for Europe

Hyundai Heavy Industries Europe has appointed Alain Worp as managing director. Worp has been with Hyundai for 13 years and has held a number of positions within the sales department and is moving up from director of construction equipment sales. For an interim period, he will fulfil both roles. Hyundai Heavy Industries Europe predicts growth of 5% for 2016 compared with 2015. “This result would mean that Hyundai has shown rising market shares for the 7th consecutive year in growing sales numbers and/
November 23, 2016 Read time: 2 mins
236 Hyundai Heavy Industries Europe has appointed Alain Worp as managing director.

Worp has been with Hyundai for 13 years and has held a number of positions within the sales department and is moving up from director of construction equipment sales. For an interim period, he will fulfil both roles.

Hyundai Heavy Industries Europe predicts growth of 5% for 2016 compared with 2015.  “This result would mean that Hyundai has shown rising market shares for the 7th consecutive year in growing sales numbers and/or an increase turn-over,” a corporate statement said.
 
Worp said Hyundai Heavy Industries Europe should see further growth. “However, due to the slow market conditions outside of Europe, we also expect that in 2017 Europe will be the region where all manufacturers will try to secure their business volumes and compensate for their slow sales elsewhere. This in turn will mean that business will once again be tough and challenging.”
 
Worp succeeds J.C. Jung who returned to Korea for the position of chief officer forklift division within Hyundai Construction Equipment.

For more information on companies in this article

Related Content

  • High demand for German-made construction machinery
    February 14, 2018
    The German construction equipment industry is in the middle of a boom, according to data from the country’s equipment manufacturing body, the VDMA. A new report highlights that turnover and incoming orders saw a double-digit increase in 2017 and Germany manufacturers are starting 2018 with a high degree of optimism. According to the VDMA figures, the German construction equipment industry ended 2017 with turnover of €10.8 billion– an increase of 15% compared to the previous year. It is the fourth
  • Volvo CE sees sales increase 30% in first quarter of 2017
    April 25, 2017
    Volvo Construction Equipment reports sales up 30% in the first quarter of 2017 thanks to improving market conditions in all regions except South America. During the first three months of 2017 Volvo CE saw net sales jump by 30% to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10%, compared to 2.7% in the same period the year before
  • German firms see improving market share
    March 1, 2017
    In 2016, German manufacturers of construction equipment achieved a turnover of €9.3 billion, an increase of 3% compared to 2015. Of note though is that the same period, global sales of construction equipment declined by 1%. German companies managed to perform better than the world market and develop market share. In 2017, they expect another increase in sales by 3%.
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports