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HD Construction Equipment targets $5.9B revenue and $439.6B won profit in first year, backed by global contracts and brand synergy.
HD Construction Equipment, a newly formed unit of South Korea’s HD Hyundai, has set a first-year target of $5.9 billion in revenue and 439.6 billion won in operating profit.
During a Seoul investor briefing, the company highlighted strong early performance with major contracts in Ethiopia, Vietnam, and Kyrgyzstan, including excavator orders for mining, disaster preparedness, infrastructure, and transportation projects.
It plans to expand globally by leveraging synergies between its Hyundai and Develon brands, investing in facilities, and strengthening local support networks.
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HD Construction Equipment tiene como objetivo obtener ingresos de $5.9B y ganancias de $439.6B en el primer año, respaldados por contratos globales y sinergia de marca.