New engine supply joint venture between Hyundai and Cummins

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.
September 26, 2012 Read time: 1 min
The strategic joint venture between Hyundai and Cummins for engine production in South Korea will provide business growth for both partners
236 Hyundai Heavy Industries (HHI) and 196 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 engines that can be made available to meet market demands. Sales are expected to reach $282 million in 2014 and are predicted to grow, with a target of $3.53 billion set for 2022 by which time the plant should employ 5,300. HHI says that the new joint venture forms part of its plans to become one of the world’s top three manufacturers of construction equipment by 2016 on annual sales of $9.1 billion.

For more information on companies in this article

Related Content

  • Kind of blue on emissions
    September 25, 2023
    Cleaner asphalt production will reduce blue smoke emissions.
    Read More
  • Towers of power: California’s Gerald Desmond Bridge Replacement
    May 8, 2019
    Challenging ground conditions meant a design rethink - and some engineering firsts - for California’s Gerald Desmond Bridge Replacement Project* The Port of Long Beach on Terminal Island south of Los Angeles is the second-busiest container port in the US. It handles around 15% of all imported goods, much of it with Asia. As the Port of Long Beach was growing in importance over the past half century, the 51-year-old Gerald Desmond Bridge has faithfully been delivering thousands of daily commuters to wo
    Read More
  • Asphalt plant innovations unveiled
    May 8, 2019
    New asphalt plant technology is being introduced by a range of manufacturers to meet varying needs and increase system versatility.
    Read More
  • Powered up for low emissions
    October 14, 2015
    The evolution of the diesel engine continues as ever more sophisticated technologies come into use - Mike Woof writes A major focus for diesel engine suppliers is for the development of low emission technologies. Tough regulations are in force in North America and Europe with regard to emissions, a programme introduced to help reduce pollution from off-highway machines. These technologies are also being introduced in stages in other territories, with China now rolling out tougher regulations.
    Read More

Highlighted Content