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

  • VDMA questions emissions future
    February 28, 2012
    The German construction equipment manufacturer's association, the VDMA, has stated that the new EU-exhaust emission directive presents a major challenge for its members.
    Read More
  • German construction equipment industry’s sales rise 8 per cent
    February 18, 2015
    German manufacturers of construction equipment reported an 8% rise in sales, amounting to €8.4 billion. The level was higher than expected and equal to sales in 2006, according to the Construction Equipment and Building Material Machinery Association (VDMA). However, the VDMA, part of the German Engineering Federation, suggested that company profits may not have risen along with sales and tough times remain ahead. “Turnover is one thing, profit is another,” Joachim Strobel, deputy chairman of VDMA, said.
    Read More
  • Wacker Neuson remains strong financially
    November 11, 2022
    Wacker Neuson’s latest results show it remains strong financially.
    Read More
  • Palfinger Q1 performance boosts confidence for full year
    April 29, 2016
    Crane and lifting manufacturer Palfinger Group has reported a record increase for first quarter revenue, up by 9.1% to €318.8 million (Q1 2015: €292.3 million). EBIT – earnings before interest and tax - also showed an “extraordinarily strong increase” of 28.6% from €23.5 million to €30.2 million, which is a new record as well. “This generated a marked increase in the EBIT margin, which came to 9.5%, as compared to 8% in the first quarter of the previous year.”
    Read More

Highlighted Content