# Hyundai Construction Equipment invests €150m in Ulsan plant expansion

Hyundai Construction Equipment is investing €150 million to expand its Ulsan production plant in South Korea, increasing capacity by 50% to over 15,000 machines per year.

- Type: Expansion
- Announced: 2021-12-20
- Where: Ulsan, South Korea, South Korea
- Value: $170.0M (150.0M EUR)
- Starts operating: 2025
- Status: announced
- Capacity: 15,000 machines per year
- Products: crawler excavators, wheeled 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)
- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (partner)

## Sources

- [hyundai-ce.eu](https://www.hyundai-ce.eu/en/news/2021-12-pr-major-150m-investment-ulsan-facility-korea), 2021-12-20: "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."
- [admin.undergroundinfrastructure.com](https://admin.undergroundinfrastructure.com/news/2021/december/hyundai-construction-equipment-to-invest-170-million-to-expand-production-capacity-by-50), 2021-12-23: "Hyundai Construction Equipment plans to invest US$170 million in its Ulsan factory to increase production capacity by 50 percent and simplify its manufacturing processes for increased efficiency."
- [constructionequipment.com](https://www.constructionequipment.com/earthmoving/news/10759419/hyundai-genuine-aims-for-5-global-share), 2022-01-04: "Hyundai Construction Equipment Americas (HCEA) announced that its parent, HCE, plans to invest $170 million in its Ulsan factory to increase production capacity by 50 percent to 15,000 pieces of equipment."
- [forkliftaction.com](https://www.forkliftaction.com/news/hyundai-invests-in-korea-factory.aspx?n=25664), 2022-01-27: "Strengthening the competitiveness of the Ulsan factory is the first challenge that needs to be addressed to reach the global top five."

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