# Hyundai Construction Equipment invests $170M in Ulsan plant expansion

Hyundai Construction Equipment is investing $170 million over four years to expand its Ulsan, South Korea plant, increasing production capacity by 50% to 15,000 units for excavators and wheel loaders.

- Type: Expansion
- Announced: 2022-02-04
- Where: Ulsan, South Korea, South Korea
- Value: $170.0M
- Starts operating: 2026
- Status: announced
- Capacity: 15,000 units per year
- Products: excavators, wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [equipmentindia.com](https://equipmentindia.com/construction-machinery-news/top-equipment-news/webexclusive/Hyundai-CE-expands-production/127835), 2022-02-04: "The investment, which is the largest since the company’s launch as a newly established corporation in 2017, will allow the manufacturer to increase production capacity by 50 percent and simplify its manufacturing processes."

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