The company said it recently signed a 37 billion won ($25 million) contract with the Algerian government to supply 316 industrial vehicles. The equipment will be delivered to Algeria in stages by August this year.
It said it won the large-scale order by proposing equipment suited to Algeria’s local operating environment and highlighting its stable parts supply and service capabilities.
The order includes 10-ton, 25-ton and 30-ton forklifts used for loading and transporting heavy cargo at large construction sites, shipyards and ports. The company said the high share of large and ultra-large models is expected to help improve both sales and profitability.
The company has also signed forklift supply contracts worth 4 billion won in the Middle East.
HD Hyundai XiteSolution received an order for about 50 small and midsized forklifts from an auto parts company in the United Arab Emirates, as well as an order for about 40 units from a logistics operator in Syria.
The company said it is expanding its sales channels by targeting major customers in emerging markets with growing infrastructure needs.
“This order reflects not only our product competitiveness but also our ability to carry out projects tailored to customer needs,” said Oh Byung-soo, head of HD Hyundai XiteSolution’s industrial vehicle division. “We will continue to secure additional large-scale order opportunities from key global customers.”
Copyright ⓒ Aju Press All rights reserved.