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

  • Cummins positive about 2021 growth after resilient trading in 2020
    February 5, 2021
    Major off-highway diesel engine maker Cummins expects good growth in key regional market sales in 2021 after reporting resilient trading in COVID-19-hit 2020.
    Read More
  • Flat sales hamper Q3 results for Volvo Construction Equipment
    October 31, 2014
    Volvo Construction Equipment (Volvo CE) reported 9% improvement in North American sales for the third quarter 2014. However, the manufactures said it was not enough to overcome uncertainty and negative growth elsewhere. Net sales in the three months July to September increased to US$1,735 million (SEK 12,582 million), up from $1,692 million (SEK12,278 million) for the same period last year. However, when adjusted for currency movements, net sales were down by 3% during the period. Volvo’s statement said “
    Read More
  • The bitumen market is changing globally and products is being transported further
    August 21, 2014
    Political and economic changes around the world are impacting on the way bitumen is supplied and used - Kristina Smith reports on the Argus Europe Bitumen conference in Rome, and highlights some of the new technologies being launched to address these changes Attendees at the Argus Europe Bitumen Conference, held in Rome on 11th and 12th June heard how the global bitumen market is changing. More refineries are expected to close in Europe; the US, with its shale oil, is dominating bitumen supply to some re
    Read More
  • Slow market growth the message at CEWEF 2012
    November 30, 2012
    Centralised asset management, more use of the latest machine and worksite technology, and deploying value added logistics in machine delivery will enable the construction equipment industry to build on slow world market growth, a panel of expert speakers told attendees at the Construction Equipment World Economic Forum (CEWEF) 2012 The key industry event in Brussels saw more than 130 representatives from across the international construction equipment world given a forecast of 3.5% global growth for their i
    Read More

Highlighted Content