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

  • Booming Chinese aggregate demand
    February 22, 2013
    Global demand for construction aggregates is set to increase 5.2% a year until 2015 to 48.3 billion tonnes, according to research by The Freedonia Group in the United States. The same source tips China alone to account for half of all new aggregate demand worldwide in the period 2010-2015. Guy Woodford reports on the growing importance of the Asian aggregates market. China is already the biggest nation for aggregate production and use in the world, and the competition among the giants of aggregate productio
    Read More
  • Hyundai appoints Alain Worp as managing director for Europe
    November 23, 2016
    Hyundai Heavy Industries Europe has appointed Alain Worp as managing director. Worp has been with Hyundai for 13 years and has held a number of positions within the sales department and is moving up from director of construction equipment sales. For an interim period, he will fulfil both roles. Hyundai Heavy Industries Europe predicts growth of 5% for 2016 compared with 2015. “This result would mean that Hyundai has shown rising market shares for the 7th consecutive year in growing sales numbers and/
    Read More
  • ENH bitumen in-line plants destined for the Congo
    May 19, 2015
    ENH Engineering has broken into the market in the Democratic Republic of the Congo by selling two in-line bitumen emulsion plants. The plants, of which each can be built into a 12m container, were sold to the Congolese oil exploration and refining company Socir in the capital city of Kinshasha, said ENH's managing director Erik Haugaard. The in-line plants can produce all known bitumen emulsion types, from the simplest tack-coat to high-grade slurry emulsions. "The emulsion market in West Africa is gr
    Read More
  • Hyundai’s 9A series excavators are better for the environment and the operators
    January 6, 2017
    Hyundai Heavy Industries is showcasing its new Robex 9A series of excavators – six crawler excavators and three wheeled excavators – all of which have engines that meet the Tier 4 Interim/EU-Stage IIIB standards on engine emissions. Hyundai has elected to use exhaust gas recirculation (EGR) technology – rather than liquid urea – to meet the emissions targets. “We have full automatic DPF regeneration, which is a big advantage,” said Hyundai product engineer Joachim Van de Perre. “It means that all the items
    Read More

Highlighted Content