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Hyundai expands into Compaction Equipment Business

Thursday 13 June 2013 •

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Ulsan, South Korea – Hyundai Heavy Industries announced today that it signed a strategic partnership with German construction equipment manufacturer Atlas Weyhausen GbmH for the supply of compaction equipment.

Under the partnership, four models of single rollers ranging from 7 tons to 14 tons, and 2.5 tons and 3 tons tandem rollers to be built by Atlas Weyhausen, will be released in emerging markets including Middle East, Turkey and Russia under the Hyundai brand from the second half of 2013.

The partnership enables Hyundai Heavy Industries to expand its construction equipment line, and Atlas Weyhausen to boost its sales via the Hyundai 500-plus dealer network in 150 countries worldwide.

“We expect this win-win partnership diversifying our construction equipment portfolio will not only boost our existing sales but will also make Hyundai the one-stop shop for construction equipment.” said Mr. Ji Sang Pyo, Senior Vice President Hyundai Construction Equipment.

Mr. Helmut Lorch, Managing Director of Atlas Weyhausen GmbH said, “For Atlas Weyhausen GmbH, this long term strategic partnership is a milestone in the worldwide distribution of its proven compaction equipment line, and will enable us to further accelerate our developing efforts in this line of business.”

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