# Hyundai Construction Equipment invests $163M in Ulsan plant expansion

Hyundai Construction Equipment is investing 194.1 billion won ($163 million) over four years to expand production capacity and streamline manufacturing at its Ulsan plant. The investment will add capacity for 4,800 additional units, raising annual output to 15,000 units.

- Type: Investment
- Announced: 2021-12-14
- Where: Ulsan, South Korea, South Korea
- Value: $163.0M (194.1B KRW)
- Status: announced
- Capacity: 15,000 units per year
- Products: excavators, wheel loaders, construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20211214000741), 2021-12-14: "현대건설기계가 글로벌 건설기계 호황기를 맞아 경쟁력 강화를 위해 주생산거점인 울산공장에 약 2000억원을 투자한다."
- [earthmoversmagazine.co.uk](https://www.earthmoversmagazine.co.uk/news/view,hyundai-invests-150m-in-ulsan-factory_5037.htm), 2022-01-05: "Hyundai Construction Equipment (HCE) is investing €150 million (US$170m) in its Ulsan production plant in South Korea, increasing capacity by 50%, to more than 15,000 machines per year."

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