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

  • Demand is changing in the bitumen market
    August 22, 2013
    The supply and demand for bitumen around the world is changing; refineries, suppliers and contractors must all make changes too - Kristina Smith reports These are interesting times for those supplying and buying bitumen. Almost every part of the picture is in flux: global demand is shifting dramatically; major suppliers are following demand; refineries are closing down or stopping production of bitumen. “In Europe and globally there is a very big chain of events happening,” said Bernd Schmidt, CEO o
  • Engine maker Deutz dumps full-year 2015 forecast amid poor trading
    September 16, 2015
    German engine maker Deutz Group said it will not meet its forecast for the current financial year. A sluggish second quarter with “very low” new orders means revenue is expected to fall by around 20% compared with the forecasted 10% drop, according to a corporate statement. “Consequently, the second half of 2015 will be significantly worse than the first half of the year,” the statement said. “Given the low level of business, Deutz will only be just about break even in terms of EBIT this year. Unt
  • Jennifer Rumsey to succeed Tom Linebarger as Cummins president and CEO
    July 15, 2022
    Jennifer Rumsey is to succeed Tom Linebarger as Cummins president and CEO.
  • Wacker Neuson Group confident for 2016 despite a difficult start
    May 13, 2016
    During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the group managed to maintain revenue at almost the same level as the record-breaking prior-year quarter, it reported lower profit figures for the period. Company management confirmed its forecast for fiscal 2016. Group revenue for the first quarter of 2016 amounted to €316.