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

  • Ritchie Bros pick up IronPlanet for around US$758.5 million
    August 30, 2016
    Canada-based Ritchie Bros Auctioneers announced it will buy IronPlanet, a private company based in the United States but operating globally, for around US$758.5 million. IronPlanet was set up in 1999 and focuses on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. The company conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.
    Read More
  • Strabag reports output volume remained flat for year end 2014
    February 16, 2015
    Austrian construction giant Strabag reported output volume of €13.6 billion to year end 2014 was unchanged from last year. The publically listed group, with headquarters in Vienna, said declines in contracts in some countries were offset with increases in the home markets of Germany and Austria, despite a “very restrained tender award policy” for the public sector. Large projects were completed in Romania and Russia at the same time that newly acquired orders in these markets have not yet come on stream.
    Read More
  • Wacker Neuson reports strong performance for second quarter
    August 8, 2017
    Compact machine specialist Wacker Neuson says that its financial results show a strong second quarter for 2017 as well as an improved outlook for 2017 as a whole. The firm says that profitability improved and has now raised its revenue forecast for the current fiscal year. The Wacker Neuson Group reported record revenue of €425.2 million for the second quarter of 2017, compared with €381.4 million for the same period in 2016. At €46.7 million, profit before interest and tax (EBIT) jumped a healthy 41 % comp
    Read More
  • Construction machine sales strong reports CECE
    March 17, 2016
    The European construction equipment market is performing relatively well in global terms. However striking regional disparities remain, according to the Annual Economic Report for 2016 from the European construction equipment manufacturing association, CECE. Data from the report shows that excluding Russia, the European market for construction machines grew by 3.5% in 2015 and it forecasts a slight increase in business for 2016.
    Read More

Highlighted Content