# Hyundai Construction Equipment signs OEM deal with UN Forklift for forklift production

Hyundai Construction Equipment signed an OEM agreement with Chinese forklift maker UN Forklift to produce 10 models of 2 to 3.5-ton forklifts, aiming to expand global sales to US$100 million by 2025.

- Type: Partnership
- Announced: 2021-01-28
- Where: Zhejiang, China
- Value: $100.0M
- Status: announced
- Products: forklifts (2 to 3.5-ton models)
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hyundai Construction Equipment Co., Ltd](https://endata.com/companies/17041.md)
- [UN Forklift](https://endata.com/companies/52871.md) (partner)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20210128014200320), 2021-01-28: "Hyundai Construction Equipment plans to expand its global sales of forklifts produced by the Chinese maker to US$100 million by 2025."
- [constrofacilitator.com](https://constrofacilitator.com/hyundai-construction-equipment-ties-up-with-chinese-forklift-company/), 2021-02-09: "Hyundai Construction Equipment, a construction equipment maker in South Korea, established a strategic tie-up with UN Forklift based in Zhejiang, a province in eastern China, to produce forklifts targeting emerging markets."

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