Start Date: September 26, 2023
End Date: September 28, 2023
Kentucky Exposition Center
937 Phillips Ln
Louisville, KY 4020
December 22, 2021 | Corporate News
NORCROSS, Ga. (Dec. 22, 2021) – Hyundai Construction Equipment Americas, Inc., today announced that its parent company, Hyundai Construction Equipment, plans to invest US$170 million in its Ulsan factory to increase production capacity by 50 percent and simplify its manufacturing processes for increased efficiency.
With this investment, the company will increase its capacity at Ulsan, its major production base, to 15,000 units of construction equipment. This investment, to be spread across four years, is the largest since the company’s launch as a newly established corporation in 2017.
“This increase in manufacturing capability means that Hyundai will be able to address global growth in construction activity,” said Stan Park, President, Hyundai Construction Equipment Americas. “For North America, this positions us to better meet demand arising from planned investments in infrastructure expansion.”
Hyundai Construction Equipment’s investment is focused on restructuring production lines to maximize and expand production capacity for excavators, wheel loaders, and other types of construction equipment. Specifically, they will merge production and assembly functions from one factory into two, simplifying workflow processes, increasing efficiency, and reducing logistics costs.
Choi Cheol-gun, CEO of HCE and a production expert in the area of construction equipment who also heads Hyundai Heavy Industries Group’s Global Production Innovation Center, recently declared the necessity of improving the efficiency of the Ulsan facility and set out to execute a plan to create both synergy and friendly competition with Hyundai Doosan Infracore.
Choi said, “Strengthening the competitiveness of the Ulsan factory is the first challenge that needs to be addressed to reach the global top five,” a stated goal of the construction equipment division of Hyundai Heavy Industries. “With this investment, we will further raise our brand competitiveness by producing and delivering construction equipment with increased efficiency.”
Additionally, Hyundai Construction Equipment plans to reflect ESG (Environmental, Social, and Governance) factors, through measures such as the use of eco-friendly sub- materials in interior and exterior finish work and configuring production lines in a way that further improves worker safety.
This is in keeping with the completion of construction last November, at a cost of US$65 million, of HCE’s technology innovation center. With 16 laboratories employing 100 researchers, the center will execute research and development projects focused on eco-friendly technologies, energy efficiency, and noise reduction.
August 17, 2023 | Corporate News
NORCROSS, Ga. (Aug 17, 2023) – HD Hyundai Construction Equipment North America will be presenting from its booth at this year’s Utility Expo (Booth K341), in Louisville, a competition of speed and skill, hosted by YouTube star Mike Simon, also known as Dirt Perfect. Competitors will operate one of the recently introduced HX-A Series compact […]
August 16, 2023 | Corporate News
NORCROSS, Ga. (August 16, 2023) – HD Hyundai Construction Equipment North America recently announced the addition to its North America dealer network of G4 Construction Equipment, Denver, Colorado. The dealership will represent the full line of Hyundai construction equipment products throughout the Front Range region of eastern Colorado and southeastern Wyoming, from the New Mexico […]