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

  • CEA-backed report’s blueprint for UK construction equipment sector growth
    June 11, 2014
    Investment in advanced machine electronics capability; further investment in training and apprenticeship programs; and support for the UK as a continued centre for R&D are all key to securing growth within the British construction equipment industry, according to a comprehensive new Construction Equipment Association (CEA) commissioned report. Further recommendations for the industry in The UK Construction Equipment Sector Report are the need to ensure the cross fertilisation of advanced design, manufactu
    Read More
  • Emergent aggregates market vitality
    March 12, 2014
    New research shows the vital importance of emerging markets to the aggregate production industry, while leading aggregate production equipment manufacturers have brought new cutting-edge models onto the market. Meanwhile, recent equipment purchases are playing a key role in boosting the commercial success of customers in France and Malta. Guy Woodford reports Demand for construction aggregates in the Asia/Pacific and Africa/Middle East regions is fuelling global aggregates sales growth, according to the
    Read More
  • Wacker Neuson sees 7% revenue growth for 2015 but remains cautious
    March 18, 2016
    Munich-based construction equipment manufacturer Wacker Neuson reported growth in revenue for fiscal 2015, despite difficult market conditions. However, a company statement said profit dipped due to crises in key industries and regions, leading to “a cautious revenue and earnings forecast for 2016”. Group revenue was €1.38 billion for 2015, up 7% on €1.28 billion for 2014. When adjusted to discount currency effects, revenue grew by 3%. During the first half of the year, revenue grew 14% on the same
    Read More
  • Zoomlion develops key strategy for expansion
    June 10, 2015
    The implementation of a new strategy looks set to lead to strong development among infrastructure-related industries in export markets for Chinese firms. And as an industry leader in the production of construction machinery, Zoomlion has long been preparing to compete against the major international companies At the bauma China 2014 event in Shanghai, Zoomlion gave an insight into its international ambitions according to the firm. At the show, the senior director in charge of Zoomlion overseas business,
    Read More

Highlighted Content