# HD Hyundai Construction Equipment to invest 1.94 trillion won in Ulsan Campus expansion

HD Hyundai Construction Equipment signed an agreement with Ulsan City for the 'Ulsan Campus Advancement Project', investing 1.941 trillion Korean won by June 2025. The project will increase production capacity by 67% to over 15,000 units annually and add more than 600 employees.

- Type: Expansion
- Announced: 2023-11-24
- Where: Ulsan, South Korea, South Korea
- Value: $1.50B (1941.0B KRW)
- Jobs: 600
- Starts operating: Jun 2025
- Status: announced
- Capacity: over 15,000 units annually (from 9,000)
- Products: construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [hyundai-ce.com](https://www.hyundai-ce.com/en/media/newsletter/view?detailsKey=1403), 2023-11-24: "We plan to invest 1.941 trillion Korean won by June 2025 for this development project."

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