South Korean chaebol Hyundai Heavy Industries has spun off its construction equipment division into a new company.
Hyundai Construction Equipment Company Ltd was formally established on 1st April 2017 with Hyundai Construction Equipment Europe as its European operation.
Later this year the European HQ will move from Geel to new purpose-built premises in Tessenderlo, Belgium, currently under construction as part of a €30m investment.
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This article was published on 20 Apr 2017 (last updated on 20 Apr 2017).