HD Hyundai merge construction entities for global expansion

HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to form a new entity named HD Construction Equipment with a consolidated revenue set at USD 6.15 billion. The decision to merge was made during separate board meetings held by both companies on 1 July. An extraordinary shareholders’ meeting will follow which is scheduled for 16 September, along with necessary regulatory reviews. The merger aims to enhance agility in responding to market demands amid intensifying competition and global uncertainties while strengthening future technological capabilities and ensuring cost competitiveness. Continue reading HD Hyundai merge construction entities for global expansion at Industrial Vehicle Technology International.

HD Hyundai merge construction entities for global expansion
HD Hyundai merge construction entities for global expansion

HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to form a new entity named HD Construction Equipment with a consolidated revenue set at USD 6.15 billion.

The decision to merge was made during separate board meetings held by both companies on 1 July. An extraordinary shareholders’ meeting will follow which is scheduled for 16 September, along with necessary regulatory reviews.

The merger aims to enhance agility in responding to market demands amid intensifying competition and global uncertainties while strengthening future technological capabilities and ensuring cost competitiveness.

Continue reading HD Hyundai merge construction entities for global expansion at Industrial Vehicle Technology International.