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

  • JCB’s new India factory complex
    March 6, 2014
    JCB is to open a new India production factory complex as part of an ambitious global manufacturing and sales growth strategy. Speaking during JCB’s Conexpo 2014 press conference, JCB ceo Graeme Macdonald said, “We continue to invest for our future. Following the 2012 opening of our US$100 million factory in Brazil, we’re now planning to open later this year JCB’s $100 million factory complex in Jaipur – our fourth in India. It’s actually two factories, covering 700,000 square foot on a 114-acre site. It’s
    Read More
  • LiuGong is investing in product development and manufacturing
    October 11, 2013
    LiuGong has been investing heavily in manufacturing and product development, as well as building international distribution – vice president David Beatenbough spoke with Mike Woof One of Chinese leading producers of wheeled loaders, LiuGong has an increasingly international flavour. The company has perhaps a larger contingent of North American and European executives and employees working in China than most of its competitors in the country.
    Read More
  • LiuGong invests hard to be seen as made, tested and supported in Europe
    January 26, 2018
    LiuGong is investing hard in Europe, determined to be seen as a global player whose products are “made in Europe, tested in Europe and supported in Europe.” Along with new European headquarters based in Warsaw, LiuGong is also opening up a new European production line and a new continent-wide parts distribution centre at its Dressta manufacturing centre in Stalowa Wola. Geoff Hadwick reports
    Read More
  • Hyundai and Cummins joint ventures
    November 27, 2012
    Hyundai Heavy Industries (HHI) and Cummins are setting up a joint venture to produce engines in South Korea for the earthmoving equipment market. The two companies are investing US$33 million each into the project, which will be called Hyundai Cummins Engine Company and will have its factory located in Daegu. Production is scheduled to commence in 2014, with capacity reaching 50,000 engines/year once the facility is fully commissioned. This factory will provide HHI with a steady supply of high quality engi
    Read More

Highlighted Content