Most Popular
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Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
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Korea forecast to overtake Taiwan in chip production by 2032: report
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?
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YouTuber fatally stabbed on livestream by another YouTuber in Busan
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Yoon rebuffs opposition's call for special probe into wife
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Arrest warrant issued for medical student for allegedly killing girlfriend after breakup
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Stray Kids hit with racism in Met Gala photo line
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[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Hyundai Heavy unit inks slew of excavator supply deals
By Catherine ChungPublished : July 24, 2017 - 11:15
Hyundai Construction Equipment Co., a unit of major shipyard Hyundai Heavy Industries, said Monday that it has signed a deal valued at 500 billion won ($447 million) to provide a total of 2,200 miniexcavators to Britain-based construction equipment maker CNHi by 2021.
The company also has inked a series of other deals, including one to provide 285 forklift trucks to US firm Oldcastle.
Hyundai Construction said it plans to jack up its sales in North America by 40 percent this year. The company also seeks to raise its sales in Europe by 10 percent in 2017.
The company, that was spun off from Hyundai Heavy in June, said earlier it aims to become one of the world's top five construction equipment makers by 2023 with sales reaching 7 trillion won.
Currently, its bigger rival Doosan Infracore Co. dominates the domestic construction equipment market. (Yonhap)
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