Latest news with #HDHyundaiConstructionEquipment
Yahoo
20-05-2025
- Automotive
- Yahoo
HD Hyundai Construction Equipment's smart factory to serve as global production hub
HD Hyundai Construction Equipment has inaugurated its smart factory at the Ulsan Campus in Dong-gu, South Korea. This facility aims to serve as a global production hub, marking a significant milestone in the company's modernisation efforts, reported BusinessKorea. The smart factory integrates advanced technologies to optimise production and logistics processes. The plant's inauguration ceremony was attended by approximately 400 individuals, including HD Hyundai chair Kwon Oh-gap, vice-chair Chung Ki-sun, XiteSolution president Cho Young-cheul, president Choi Cheol-gon, and labour union branch chair Lim Young-mo, as well as other key executives, employees, and partners. Since 2023, HD Hyundai Construction Equipment has invested Won200bn ($150m) in a modernisation project to upgrade facilities and expand production capacity at the Ulsan factory. The project integrates Factory 1 and Factory 2 within the existing 234,710m² site, boosting equipment and operating systems to transform the facility. The smart factory features an integrated system that unifies production and logistics lines, introducing a real-time product tracking system. According to the company, productivity and quality consistency are improved with welding robots and vision sensors on the fabrication parts production line. Automated guided vehicles and AI-based quality inspection systems have also increased automation on the assembly line. HD Hyundai Construction Equipment anticipates a 20% improvement in labour productivity and a 35% reduction in product completion time. The production capacity for excavators and wheel loaders is expected to rise by 56%, from 9,600 to 15,000 units annually. The company expects the campus to link with major overseas production subsidiaries and customisation centres in the US and Europe. Kwon stated: 'The new factory, reborn with a smart and safe production system, will establish itself as the world's best production base equipped with technology and environment.' Choi highlighted the site's enhanced quality competitiveness, saying: 'We will continuously introduce the best products that can lead the construction equipment industry, including next-generation new models.' During the inauguration, HD Hyundai Construction Equipment delivered five units from the smart factory, including a 40-ton (t) class excavator, a 125t ultra-large excavator, and a 35t large wheel loader, to dealers in South Korea, the US, Europe, China, and Indonesia. Last month, the company reported sales of Won906.8bn and an operating profit of Won41.7bn in the first quarter of 2025, a year-over-year decline of 7.4% and 22.3%, respectively. It also unveiled its new excavator model at KINTEX 1st Exhibition Center in Goyang-si, South Korea. "HD Hyundai Construction Equipment's smart factory to serve as global production hub" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
03-04-2025
- Automotive
- Korea Herald
HD Hyundai debuts next-gen excavators
Korean construction equipment manufacturer sets eyes on W70tr globally accumulated revenue by 2030 HD Hyundai unveiled its next-generation excavators for the first time Thursday at the Seoul Mobility Show 2025 at Kintex in Goyang, Gyeonggi Province, as the Korean construction equipment maker looks to expand its presence in the global market. The premiered models were the HX400, HD Hyundai Construction Equipment's 40-metric-ton class excavator and the DX240, HD Hyundai Infracore's 24-ton class excavator. As the first construction equipment company to take part in Korea's biggest biannual auto exhibition, HD Hyundai put on the massive excavators on display at its pavilion under the slogan 'No Infrastructure, No Mobility.' 'As mobility gives the freedom of movement to humanity, construction equipment gives unlimited possibilities for the advancement of mobility,' said Cho Young-cheul, CEO of HD Hyundai XiteSolution, an intermediate holdings company of HD Hyundai's construction equipment arms, during the press conference. 'With the newly released models, HD Hyundai's construction equipment division plans to achieve accumulated overseas sales of 450,000 units and 70 trillion won ($47.7 billion) by 2030 from this year.' HD Hyundai highlighted that the new excavators are equipped with the company's latest technologies, such as full electro-hydraulic systems and smart assist, safety and monitoring features to improve the accuracy and efficiency of workloads. For instance, the excavators offer guidance for depth and inclination in real time and aid the subtle control of the machine. According to HD Hyundai, the HX400 will be released in the Korean and European markets in May and June this year, respectively, and launched in North America in April 2026. The DX240 will hit the Korean and European markets in May and July this year, respectively, with a plan to also debut in North America in April 2026. The Korean construction equipment manufacturer added that it aims to roll out the new models of excavators in the 25-tonne, 30-ton and 35-ton classes within this year. HD Hyundai is capable of producing about 94,300 units of construction equipment per year. 'Spearheaded by the next-generation new models, we will grow our construction equipment brands 'Hyundai' and 'Develon' into global top-makers,' said Cho.
