New Hyundai – Cummins JV factory opens in Korea

A new joint venture factory in South Korea has now been completed for the Hyundai Cummins partnership. The 78,045m2 Hyundai Engine Company (HCEC) plant is located in Daegu and will produce engines for construction machines. The two firms agreed a deal to establish the joint venture plant, capable of producing 50,000 engines/year, back in December 2012. This operation has a sales target of US$500 million by 2020, and is expected to create about 3,700 direct and indirect jobs in the region by 2020.
May 12, 2014 Read time: 1 min
The new engine factory producing diesels in South Korea for the Hyundai Cummins joint venture is now complete
A new joint venture factory in South Korea has now been completed for the 236 Hyundai 196 Cummins partnership. The 78,045m2 Hyundai Engine Company (HCEC) plant is located in Daegu and will produce engines for construction machines. The two firms agreed a Deal to establish the joint venture plant, capable of producing 50,000 engines/year, back in December 2012. This operation has a sales target of US$500 million by 2020, and is expected to create about 3,700 direct and indirect jobs in the region by 2020.
Engines, Components & Tyres

For more information on companies in this article

Related Content

  • International Growth for Liugong with European expansion plans
    January 6, 2017
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • International Growth for Liugong with European expansion plans
    November 26, 2012
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • Cummins sets record for engine building
    January 21, 2022
    Cummins has set a record for engine manufacturing in the UK.
    Read More
  • Hyundai Construction Equipment strengthens partnership with Cummins
    April 17, 2014
    Hyundai Construction Equipment Americas has said that Cummins Tier 4 Final engines will make their appearance in Hyundai machines in the “near future.” The news follows both companies’ recent launches at ConExpo-Con/Agg in Las Vegas, USA, where Hyundai Construction Equipment Americas continued its partnership with Cummins by enhancing its new 9A series product lines with Cummins Tier 4 Interim engines. Hyundai exhibited many of the 9A wheeled loader and excavator models. “Cummins state-of-the-art eng
    Read More

Highlighted Content