SEOUL, July 02 (AJP) - HD Hyundai has unveiled plans to merge two of its major subsidiaries — HD Hyundai Construction Equipment and HD Hyundai Infracore — into a single, unified entity tentatively named HD Construction Equipment.
The boards of both companies approved the merger plan in meetings held on July 1. The new company is expected to be officially launched on Jan. 1, 2026, pending regulatory approvals and a shareholder vote.
Once combined, the company is projected to generate annual revenues of around 8 trillion won, or approximately $5.8 billion, positioning it as a formidable player in the global construction equipment market.
The move comes as manufacturers worldwide face growing economic headwinds and fierce competition in the heavy machinery sector.
HD Hyundai said the restructuring is intended to sharpen the company's response to shifting market dynamics, accelerate innovation, and enhance operational efficiency through greater scale.
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