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

  • Cleaner engines, reduced emissions
    April 11, 2012
    The forthcoming Tier 4 emissions legislation represents a great leap forward in technology, Mike Woof reports A high-profile focus on sustainability and reduced environmental impact is sweeping the construction sector in the European Union (EU) and the US. The EU and the US will implement regulations for the lowest emission off-road machines in history, with Canada and Japan expected to release similar regulatory programmes this year. The legislation being introduced will transform the construction indu
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • New low emission engines benefit from technology
    January 16, 2020
    The latest generation of low emission diesel engines are benefiting from key technology advances, while other power options are also being explored - Mike Woof writes
    Read More
  • How bitumen technology solutions are solving paving problems around the world
    March 2, 2017
    This month we hear how additives can bring RAP back from the dead and fight the ravages of salt damage, how pellets reach parts that PMB can’t and how Shell and WeedsWest are expanding their respective businesses - Kristina Smith writes
    Read More

Highlighted Content