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

  • Market bullish at bauma China 2016 exhibition
    February 1, 2017
    Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per
    Read More
  • Major success for bC India despite challenging economic conditions
    April 4, 2013
    Despite challenging times, the second bC India construction equipment show proved a success Mumbai, India’s most populous city and the fourth most populous in the world, has again delivered a successful bC India. The bauma/ConExpo international trade fair for construction machinery, building material machines, mining machines and construction vehicles, was held at the Bandra Kurla Complex, and impressively strengthened its position in the Indian market despite the challenging situation in the industry. Duri
    Read More
  • Volvo Group opens SDLG excavator factory in Brazil
    August 9, 2013
    Production has started in Brazil of excavators from Shandong Lingong Construction Machinery (Lingong). The SDLG-branded machines will be built in a US$10 million purpose-built assembly hall within the Volvo Group site in Pederneiras, São Paulo state. Initially, four SDLG crawler excavator models will be produced at the new facility – the LG6150E, LG6210E, LG6225E and LG6250E models, covering weight classes from 13.8tonnes to 24.3tonnes. The excavators will be sold to companies working in a variety of indust
    Read More
  • Volvo CE US$100 million Americas expansion
    March 22, 2013
    Volvo Construction Equipment president Pal Olney stressed the long-term importance to the company of the North American market while formally recognising the industry giant’s US$100 million expansion programme at its Shippensburg, Pennsylvania facility. Olney cut the ribbon to officially open Volvo CE’s new Americas’ headquarters building. The event also saw the unveiling of the first wheeled loader to roll off the Shippensburg site’s cutting edge assembly line. On the significance of the two big landmarks,
    Read More

Highlighted Content