# HD Hyundai Construction Equipment invests 194.1 billion won in Ulsan plant upgrade

HD Hyundai Construction Equipment signed an investment agreement with Ulsan City to invest 194.1 billion won (approx. 200 billion won) to upgrade its Ulsan plant, increasing production capacity from 9,000 to 15,000 units per year and creating over 600 jobs, with completion by June 2025.

- Type: Investment
- Announced: 2023-07-19
- Where: Ulsan, South Korea, South Korea
- Value: $152.0M (194.1B KRW)
- Jobs: 600
- Starts operating: Jun 2025
- Status: announced
- Capacity: 15,000 units per year
- Products: excavators, wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HD Hyundai Construction Equipment](https://endata.com/companies/71519.md)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20230719000055), 2023-07-18: "HD현대건설기계는 생산 경쟁력 강화를 위해 대규모 투자를 통해 주생산 거점인 울산캠퍼스의 선진화 구축사업을 진행한다."

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