According to Huabian, the Hoon's Hyundai Holding Company(HHIH) has officially completed the acquisition of Doosan Construction Machinery , and the Doosan Construction Machinery has become an independent building equipment company of modern heavy work.
At the end of 2020, Hyundai Heavy Industry Holdings and the German subsidiary of Korean National Development Bank, KDB Investment Co., the establishment of a consortium, intended to acquire Doosan Construction Machinery from the Doosan Heavy Industry in Hostel. On December 30, 2020, the two sides signed a memorandum of understanding.
In July 201, Hyundai Genuine (HG) HYUNDAI (HG) was established in modern heavy work. After completing this acquisition, the Doosan Construction Machinery has become a subsidiary of HG with Hyundai construction machinery.
According to Doosan Construction Machinery (North America), HG will be rooted in the construction equipment industry, leading to the development of Doosan Construction Machinery and Hyundai Engineering Machinery in this field. In the future, the two brands will be combined to become a top participant in the global building equipment market, and strive for Hyundai heavy workers into the top five goals of the world.
In order to build the competitive advantage of Doosan Construction Machinery and Hyundai Construction Machinery in the global market, HG will also combine the different advantages of the two brands, actively layout in the field of new technologies and innovation. For example, strive to promote the commercial development of the Doosan Concept-X system, fully develop new products such as electric excavators, battery packs, mixed fuel cells.
In the future, Doosan Construction Machinery and Hyundai Construction Machinery will grow together, and the advantages of technology, production, procurement, sales and other links are complementary, thereby expanding the overall business of Hyundai heavy work.
