# Hyundai Elevator breaks ground for new Shanghai plant

Hyundai Elevator broke ground on a new elevator plant in Shanghai's Jinshan Industrial Park, costing 120 billion won ($112.5 million), with an annual capacity of 25,000 units, set to be completed by late 2019.

- Type: New facility
- Announced: 2018-03-28
- Where: Jinshan Industrial Park, Shanghai, China, China
- Value: $112.5M (120.0B KRW)
- Starts operating: 2019
- Status: under construction
- Capacity: 25,000 units per year
- Products: elevators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyundai Elevator Co.](https://endata.com/companies/18437.md)
- [Hyundai Engineering & Construction](https://endata.com/companies/17889.md) (partner)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/all/8247225), 2018-03-28: "The new Shanghai plant would ensure quality management through big data analysis and allow us to respond swiftly to customer demands by monitoring the entire process from order to delivery."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20180328005500320), 2018-03-28: "Hyundai Elevator Co., South Korea's leading moving solutions provider, said Wednesday that it has broken ground for a 120 billion won (US$112 million) plant in the Chinese financial hub of Shanghai."
- [isuzuelevator.com](https://www.isuzuelevator.com/news/hyundai-begun-construction-for-new-plant-china-13283921.html), 2018-03-29: "Hyundai Elevator Co has begun construction of a new factory in Shanghai. That will increase more than triple its output capacity in huge Chinese market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.