HD Hyundai Infracore expands Asia business unit, parts distribution center in Indonesia
HD Hyundai Infracore expands growth in Asia with HDIA and Parts Distribution Center in Indonesia, launching DEVELON construction equipment brand. HD Hyundai Infracore has announced that it has held an opening ceremony for Hyundai Infracore Asia and the PDC in Jakarta, Indonesia in June 2023, also marking the start of operations in the area. The company also hosted a Memorandum of Understanding (MOU) ceremony with KB Capital and KB Bukopin on the same day, looking to provide more financial products for purchasing DEVELON construction equipment. Through this agreement, customers will be able to use instalment finance products with low interest rates. KB Bukopin President, Woo-yeol Lee, KB Financial Group Chief of Small and Medium Enterprise, Sung-ki Kwon, KB Capital CEO, Soo-nam Hwang and Managing Director, In-hwan Kim, along with HDI Global CEO and President, Young-cheul Cho and Hyundai Infracore Asia CEO, Heewoong Shin, attended the opening ceremony. Other stakeholders and regional dealers also attended to celebrate the occasion. This opening ceremony provides an opportunity for HDI to widen its sales network and distribution supply in the region, including Indonesia, which has an active market for mid-to-large sized mining equipment, and to expand the company’s business by creating different financial products that meet the needs of local customers through partnerships with related services. The newly opened PDC is 2304㎡ in size and located in Marunda, in the northern part of Jakarta. It will act as a distribution hub which will secure and swiftly supply parts for excavators, wheel loaders and other machines. With the locational advantage of the PDC, it will be able to deliver parts on time within a country that is composed of many islands, and also maximize supply chain efficiency to the neighbouring countries. HDI is currently operating nine PDCs in its key sales regions including the USA, UK, Germany, China, United Arab Emirates and Singapore, and is expanding its global coverage for parts distribution. A representative of HDI shared: “Indonesia is a strategically important country as it is abundant with resources and has geological advantages being located near the Indian and Pacific Oceans,” and added: “We will work on providing better services for our dealers and customers by optimizing inventory management and parts delivery, and reinforce DEVELON equipment sales in the Asian market.” Last year, HDI achieved a revenue of KRW 102 billion (approx. $78.25 million) in Indonesia, which is the highest since entering the Indonesian market. The company also plans to attend Mining Indonesia, Asia's largest international mining equipment exhibition held in Jakarta from 13th to 16th September 2023, to present DEVELON equipment to customers in the region. www.develon-ce.com Powered by Induportals Media Publishing
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HD Hyundai Infracore expands growth in Asia with HDIA and Parts Distribution Center in Indonesia, launching DEVELON construction equipment brand.
HD Hyundai Infracore has announced that it has held an opening ceremony for Hyundai Infracore Asia and the PDC in Jakarta, Indonesia in June 2023, also marking the start of operations in the area. The company also hosted a Memorandum of Understanding (MOU) ceremony with KB Capital and KB Bukopin on the same day, looking to provide more financial products for purchasing DEVELON construction equipment. Through this agreement, customers will be able to use instalment finance products with low interest rates.
KB Bukopin President, Woo-yeol Lee, KB Financial Group Chief of Small and Medium Enterprise, Sung-ki Kwon, KB Capital CEO, Soo-nam Hwang and Managing Director, In-hwan Kim, along with HDI Global CEO and President, Young-cheul Cho and Hyundai Infracore Asia CEO, Heewoong Shin, attended the opening ceremony. Other stakeholders and regional dealers also attended to celebrate the occasion.
This opening ceremony provides an opportunity for HDI to widen its sales network and distribution supply in the region, including Indonesia, which has an active market for mid-to-large sized mining equipment, and to expand the company’s business by creating different financial products that meet the needs of local customers through partnerships with related services.
The newly opened PDC is 2304㎡ in size and located in Marunda, in the northern part of Jakarta. It will act as a distribution hub which will secure and swiftly supply parts for excavators, wheel loaders and other machines. With the locational advantage of the PDC, it will be able to deliver parts on time within a country that is composed of many islands, and also maximize supply chain efficiency to the neighbouring countries. HDI is currently operating nine PDCs in its key sales regions including the USA, UK, Germany, China, United Arab Emirates and Singapore, and is expanding its global coverage for parts distribution.
A representative of HDI shared: “Indonesia is a strategically important country as it is abundant with resources and has geological advantages being located near the Indian and Pacific Oceans,” and added: “We will work on providing better services for our dealers and customers by optimizing inventory management and parts delivery, and reinforce DEVELON equipment sales in the Asian market.”
Last year, HDI achieved a revenue of KRW 102 billion (approx. $78.25 million) in Indonesia, which is the highest since entering the Indonesian market. The company also plans to attend Mining Indonesia, Asia's largest international mining equipment exhibition held in Jakarta from 13th to 16th September 2023, to present DEVELON equipment to customers in the region.
www.develon-ce.com
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