HD Hyundai Infracore to supply construction equipment to Saudi Arabia

It will provide 60 excavators and 40 wheel loaders to be used in the Riyadh Ring Road Project to local firms

HD Hyundai Infracore to supply construction equipment to Saudi Arabia
Hyung-Kyu Kim 1
2024-08-20 16:14:55 khk@hankyung.com
Construction

South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's leading construction firms, Saudi Pan Kingdom Company (SAPAC) and Nesma & Partners Contracting.

Under this contract, HD Hyundai Infracore will sequentially supply 100 units by the end of this month, including 20 large 50-ton excavators, 40 medium-sized 20-ton excavators, and 40 large wheel loaders.

These machines will be used for the Riyadh Ring Road project. This project plans to build an outer ring road around the Saudi capital, Riyadh, by 2027.

Amid a slowdown in demand for construction equipment due to increasing global economic uncertainties, HD Hyundai Infracore has been targeting key customers in emerging markets since the beginning of this year.

The company has strengthened its sales force and regional expertise in Saudi Arabia, which is expanding its transportation infrastructure for the Riyadh Expo 2030 following the construction of the futuristic new city project Neom City.

Write to Hyung-Kyu Kim at khk@hankyung.com

HD Hyundai Infracore secures order for 39 excavators in Turkiye

HD Hyundai Infracore secures order for 39 excavators in Turkiye

South Korea's HD Hyundai Infracore Co. announced on Thursday that it has recently secured an order for 39 large excavators under its Develon brand from the Turkiye Ministry of National Defense.The order includes 34 38-ton excavators and 5 50-ton excavators, totaling 39 units, which are schedul

HD Hyundai Infracore to participate in INTERMAT 2024

HD Hyundai Infracore to participate in INTERMAT 2024

South Korea's HD Hyundai Infracore Co. announced on Monday that it will participate in INTERMAT 2024 which will be held from April 24 to 27 at Parc des Expositions de Nord Villepinte in Paris, France.INTERMAT, held for the first time in six years due to COVID-19, is one of the world's top-thre

HD Hyundai Infracore to sell excavator on TV home shopping

HD Hyundai Infracore to sell excavator on TV home shopping

South Korea’s HD Hyundai Infracore Co. will be the nation’s first to sell an excavator, a piece of heavy equipment weighing nearly two tons, on a TV home shopping network.The company on Tuesday said it will sell on July 31 at 8:40 a.m. Korean Standard Time its new 1.7-ton Develon

HD Hyundai Infracore uses AR to service Develon construction equipment

HD Hyundai Infracore uses AR to service Develon construction equipment

South Korea's construction equipment and engine maker HD Hyundai Infracore Co. on Wednesday said its new augmented reality (AR) guidance app easily diagnoses and repairs problems in its machines.Through AR technology, the app intuitively inspects construction equipment of the company's Develon

HD Hyundai Infracore to develop hydrogen gas turbine engine

HD Hyundai Infracore to develop hydrogen gas turbine engine

HD Hyundai Infracore Co., a construction equipment unit of South Korea’s HD Hyundai Group, has signed a memorandum of understanding (MOU) with Korea East-West Power to develop and commercialize hydrogen gas turbine engine The partnership will use HD Hyundai Infracore’s experti

(* comment hide *}