HD Construction Equipment Launches with Ambitious Goals

HD Hyundai officially launched HD Construction Equipment on January 1 at its Ulsan campus. The new company was formed through the merger of HD Hyundai Construction Equipment and HD Hyundai Infracore, with Moon Jae young appointed as the first President.

The merged firm, now the largest construction machinery company in South Korea, reports annual sales of 8 trillion won and operates production sites in Ulsan, Incheon, and Gunsan, as well as internationally in India, China, Brazil, and Norway. It aims to increase sales to 14.8 trillion won by 2030, a 95% rise from 2024.

HD Construction Equipment plans to develop its HYUNDAI and DEVELON brands globally while strengthening its international production network to improve efficiency and reduce costs. The next-generation model, a smart excavator with a full electro-hydraulic (FEH) system, will launch first in Korea and Europe, followed by the U.S. in the first half of the year.

The company also intends to expand its engine business into energy generation, defense, and eco-friendly sectors, while growing its compact equipment line for advanced markets.

At the launch, HD Hyundai Chairman Chung Ki-sun said, “By restructuring production, quality, and global sales, HD Construction Equipment can enter new markets and develop next-generation models.”

HD Hyundai Construction Equipment stock will continue trading under a new ticker, HD Construction Equipment, while HD Hyundai Infracore shares were suspended on December 29, 2025. New shares will be available from January 26, 2026.