On May 22, HD Construction Machinery announced that it signed a memorandum of understanding (MOU) with the Mykolaiv regional government at the HD Hyundai Global R&D Center in Pangyo the previous day. The signing ceremony was attended by key officials, including Mykolaiv Governor Vitaliy Kim, HD Hyundai Vice Chairman Cho Young-cheol, and HD Construction Machinery President Moon Jae-young.
This agreement builds on a previous collaboration established in 2023, which focused on the donation of construction equipment and training.
Both parties agreed to continue their existing cooperation while expanding their partnership to include equipment supply, the establishment of local training centers, service and maintenance support, financial assistance, and energy infrastructure recovery, thereby creating a comprehensive support model for reconstruction efforts.
HD Construction Machinery plans to establish a branch in Kyiv, Ukraine, in 2024 and has strengthened its local cooperation foundation through training programs for government officials, including those from the Ministry of Territorial Development, invited last year. HD Hyundai also aims to develop an integrated reconstruction cooperation model that links its capabilities in construction machinery and energy sectors.
Cho Young-cheol, Vice Chairman of HD Hyundai, stated, "We will establish a cooperation system that can contribute practically to Ukraine's reconstruction beyond simple equipment supply, and we will actively support local infrastructure recovery and stabilization using our capabilities in construction machinery and energy sectors."
Vitaliy Kim, a fourth-generation Korean and Ukrainian, remarked, "This agreement is an important milestone for the systematic reconstruction of Mykolaiv Oblast and will serve as a key driving force for rebuilding infrastructure, energy, and local communities. I sincerely thank HD Hyundai and South Korea for their ongoing support and the establishment of a long-term partnership."
In September of last year, a delegation of Ukrainian government officials visited HD Hyundai's key facilities to secure the technical capabilities necessary for reconstruction and to strengthen cooperation. The delegation, which included officials from the Ministry of Territorial Development, toured the HD Construction Machinery campus in Ulsan, examining excavators and production lines while discussing reconstruction cooperation strategies.
* This article has been translated by AI.
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