Hyundai Heavy Industries outlines plans for Doosan Infracore acquisition

Hyundai Heavy Industries Group established Hyundai Genuine as an intermediary holding company after purchasing Doosan Infracore in August 2021. The plans include joint development of integrated excavator and wheeled loader platforms by 2025 and hydrogen engine development.

“Hyundai Genuine’s intention is to rank among the Global Top 5 construction equipment manufacturers, capturing 5% of global markets by 2025.”earthmoversmagazine.co.uk

• 3 sources
• earthmoversmagazine.co.ukHyundai outlines its plans for Doosan InfracoreNov 25, 2021
• constructionequipmentmag.comHYUNDAI AND DOOSAN TO COMPETE UNDER GENUINE TIE-UP | Construction Equipment InternationalNov 26, 2021
• mequipment.roHyundai and Doosan to compete under Genuine tie-up - M. Equipment | Latest News in Construction, Mining & Forestry IndustryMEqDec 3, 2021

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