Hyundai Construction Equipment which spun off from Hyundai Heavy Industries last month, has announced its take-off to secure a place in global top five construction machinery specialist.
Hyundai Construction Equipment introduced 'Vision 2023' at 'Brand Launching Ceremony' to introduce the company's visions and growth strategy. The event was held at the '2017 Korea International Construction Machinery Expo (CONEX Korea)' in Gyeonggi Province in Korea.
The company aims to achieve 5 trillion won in overall sales and claim fifth place in the global market through quality improvement and the development of new overseas markets by 2023 and took the wrap off its strategic products.
The strategic products target the Korean high-end market demanding high quality and high performance. Hyundai Construction Equipment aims to expand its domestic market share to number one this year based on the strategic products.
Hyundai Construction Equipment had achieved sales volume 91% in the Korean market in the first quarter of this year. The company’s global sales also increased 30% year on year.