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

  • Deutz reports strong half-year results
    August 3, 2017
    German diesel engine maker DEUTZ is reporting strong half-year results, which it says will help the firm to invest in research and development into future powertrain solutions. The company says it has seen a marked increase in new orders and revenue as well as a significant improvement in free cash flow, while it has also benefited substantially from the sale of its former manufacturing site in Cologne. The company says that new orders in the DEUTZ Group increased by 18.6% to €803 million for the half-year,
    Read More
  • Deutz reports strong half-year results
    August 3, 2017
    German diesel engine maker DEUTZ is reporting strong half-year results, which it says will help the firm to invest in research and development into future powertrain solutions. The company says it has seen a marked increase in new orders and revenue as well as a significant improvement in free cash flow, while it has also benefited substantially from the sale of its former manufacturing site in Cologne. The company says that new orders in the DEUTZ Group increased by 18.6% to €803 million for the half-year,
    Read More
  • Pandemic impact on Wacker Neuson results
    November 6, 2020
    The pandemic is having an impact on Wacker Neuson’s results.
    Read More
  • New engine supply joint venture between Hyundai and Cummins
    September 26, 2012
    Hyundai Heavy Industries (HHI) and Cummins are setting up a joint venture to produce engines in South Korea for the earthmoving equipment market. The two companies are investing US$33 million each into the project, which will be called Hyundai Cummins Engine Company and will have its factory located in Daegu. Production is scheduled to commence in 2014, with capacity reaching 50,000 engines/year once the facility is fully commissioned.
    Read More

Highlighted Content