HHI Signs MOU for Construction Equipment Factory in Brazil

Hyundai Heavy Industries, the world’s largest shipbuilder and a leading construction equipment manufacturer, signed an MOU to build a construction equipment factory in Brazil with the state of Rio de Janeiro and the municipal city of Itatiaia on July 26.

Under the MOU, Hyundai Heavy will make an investment of USD 150 million for the 562,000 square meter factory in Itatiaia, Rio de Janeiro. The state of Rio de Janeiro and the municipal city of Itatiaia will develop infrastructure including laying down electricity, water and gas supply lines, and paving entry road.

Upon completion by the end of 2012, the plant will be capable of producing 2,000 construction equipment a year, including excavators, wheel loaders, and backhoe loaders. Hyundai Heavy also plans to extend its annual production capacity to 4,000 units by 2014.

The Ulsan, South Korea-based company expects the new Brazilian plant will serve as the South and Central America base helping Hyundai Heavy secure market share, and provide better service to clients in the region.

The Brazilian construction equipment market is expected to continue growing as various infrastructure projects such as express train, express highway, and hydroelectric power plant projects are expected to win approval in the run-up to the 2014 World Cup and 2016 Olympic Games​.

Source: HHI, August 8, 2011

Share this article

Follow Dredging Today


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

CEDA-UK technical seminar: Delivering Connectivity – the role of dredging in major infrastructure projects

The seminar will be followed by a Christmas drinks reception for CEDA members and invited guests – a great opportunity to network with fellow…

read more >

14th Intermodal Africa 2015 Exhibition and Conference

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges on global…

read more >


This three-day Mediterranean Conference comprises two days of conference work including oral presentations and posters separated by one day…

read more >

The Leading Americas Port Congress Will Be in Arica

Every year more than 400 port leaders and international experts make this event stand out as the most important business forum…

read more >


Hydrographic Surveyor

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices....


Dredge Masters, Engineers and Superintendent’s Urgently Required!

Flagship Management is working with a number of leading international marine and dredging organizations and require the following candidates for a range of global projects...


Business Development Manager – South East Asia - Dredging & Marine Construction

As the Business Development Manager for the South East Asian Region, you will work closely with the board to implement the business development strategy...