Hyundai reports positive outlook for 2015 due to positive results in previous year and a new product range

Hyundai reports it sold 20% more construction equipment in Europe during 2014, and anticipates continued growth in 2015.

Hyundai Heavy Industries Europe (HHIE) sold 20% more construction equipment across Europe in 2014, compared to 2013. Hyundai’s parts division also showed great results with 9% more sales in 2014, in a highly competitive market with numerous non-genuine parts suppliers. But even more promising for 2015 is the new range of Stage IV compliant excavators and wheel loaders which will deliver better, stronger and more efficient machines for customers worldwide.

Results 2014 compared to 2013

HHIE’s performance in the heavy line crawler excavators (12 to 80 ton) is still growing. Especially the 22 tonne class, represented by the R220LC-9A, shows an impressive double digit market share and is continuously growing. Also the 14 to 16 ton class, led by the R145LCR-9A, showed a strong performance, mainly driven by a strong market growth. The new wheeled excavator, R160W-9A, with world premiere at INTERMAT, is about to fill an important gap in the Hyundai range. The two-piece boom version will be available mid-2015. In the smaller segment (0 to 10 ton), where the South Korean manufacturer is more regarded as a newcomer and challenger, Hyundai is working hard to continuously improve the products and to complete the range, hence the recent additions of the R17Z-9A and R25Z-9AK.

New excavator (HX) & wheel loader (HL) range

HHIE presented the first six models of the new excavator range and the first two models of the new wheel loader range at INTERMAT 2015. The engineers at Hyundai have utilized the Stage IV momentum to re-develop the machines from the ground up. Realizing up to 10% better fuel efficiency and 6% more load capacity, a new exterior design for more robustness and safety and a complete interior redesign for 10% more leg space. World premieres at INTERMAT included the following heavy excavators and wheel loaders: HX220 L, HX260 L, HX300 L, HX330 L, HX380 L, HX520 L, HL955 and HL960.

The road to success

“The coming years we will focus on the next step. For a healthy business operation HHIE needs to invest in people, services and facilities. In order to achieve this, the key word is market share. In the long run, a sustainable market share in Europe would be 10% for construction equipment and 5% for forklifts,” says mister Jun-Cheol Jung, CEO Hyundai Heavy Industries Europe.