Hyundai Construction Consolidates Equipment Businesses | Construction Equipment

2021-12-27 23:09:14 By : Mr. Jason Wang

The Yonhap News Agency in Korea is reporting that Hyundai Construction Equipment (HCE) plans to acquire all remaining stakes in two construction equipment operations affiliated with its Korea Shipbuilding & Offshore Engineering Co. (KSOE). The move, according to the report, will enable HCE to the its equipment business.

The two entities are Hyundai Heavy Industries Brasil-Manufacturing and Trading of Construction Equipment, and Hyundai Heavy Industries (China) Investment Co.