Hyundai opens new facility in Brazil

Hyundai Heavy Industries has completed its first construction equipment factory in Brazil. The 562,000 m2 factory represents an investment of US$175 million and will have a production capacity of 3,000 units/year initially. It will produce excavators, wheel loaders, and backhoe loaders, and the firm also has plans to increase capacity to 4,000 units/year by 2014. This new Brazilian plant will serve as the South and Central America base helping Hyundai Heavy secure market share, and provide better service to
May 7, 2013 Read time: 1 min
Hyundai now has a new facility for construction machines in Brazil and carried out an official opening to mark the event
236 Hyundai Heavy Industries has completed its first construction equipment factory in Brazil. The 562,000 m2 factory represents an investment of US$175 million and will have a production capacity of 3,000 units/year initially. It will produce excavators, wheel loaders, and backhoe loaders, and the firm also has plans to increase capacity to 4,000 units/year by 2014. This new Brazilian plant will serve as the South and Central America base helping Hyundai Heavy secure market share, and provide better service to clients in the region. "We believe our construction factory can make contributions to, and grow together with the Brazilian economy which continues to grow as a center of the global economy." said Choe Byeong-ku, president and COO of Hyundai Heavy Industries's Construction Equipment Division

For more information on companies in this article

Related Content

  • Brazil’s booming economy fuels infrastructure demand
    July 18, 2012
    The emergence of Brazil as a major economic force and its need to improve infrastructure is proving a magnet for investment. Patrick Smith reports Brazil is now the sixth biggest economy in the world according to its Finance Minister Guido Mantega. The largest country in South America with a population of 190 million and one of the BRICS, (Brazil, Russia, India, China, South Africa, Brazil’s economy grew 2.7% in 2011 and is now worth $2.5 trillion, having overtaken the UK. With big oil and gas reserves stil
    Read More
  • Brazil’s booming economy fuels infrastructure demand
    July 18, 2012
    The emergence of Brazil as a major economic force and its need to improve infrastructure is proving a magnet for investment. Patrick Smith reports Brazil is now the sixth biggest economy in the world according to its Finance Minister Guido Mantega. The largest country in South America with a population of 190 million and one of the BRICS, (Brazil, Russia, India, China, South Africa, Brazil’s economy grew 2.7% in 2011 and is now worth $2.5 trillion, having overtaken the UK. With big oil and gas reserves stil
    Read More
  • Doosan Bobcat has opened its new factory in India
    September 11, 2019
    Doosan Bobcat has opened its first manufacturing facility in India. The factory is located in Tamil Nadu state, on the outskirts of Chennai. Representing an investment of US$26 million, the 10.5ha site has an annual production capacity of 8000 units. It is an integrated facility with fabrication, warehouse, assembly and paint shop all under one roof and will initially be manufacturing Bobcat backhoe loaders completely designed and developed by the Engineering team based in Chennai. This is a new addition t
    Read More
  • Deere’s big Brazilian investment
    May 14, 2012
    Deere & Company plans to build two new factories in Brazil to meet growing market demand for its construction equipment products in Brazil and other South American countries. The total investment is approximately US$180 million with Deere investing approximately $124 million of the total.
    Read More

Highlighted Content