SEOUL, November 17 (AJP) - HD Hyundai Site Solutions has secured its largest electric forklift contract in Latin America, winning an order from Venezuela’s Polar Group.
The company said Monday it will supply 230 electric forklifts to Polar, the country’s biggest food producer, with deliveries scheduled through January 2026. The deal, valued at more than 10 billion won, includes 178 units in the 2-ton class and 52 heavier models in the 3-ton and 4.5-ton ranges.
HD Hyundai Site Solutions said it captured the order by targeting rising replacement demand for aging diesel fleets and tailoring products to local operating conditions. The forklifts are equipped with high-performance lithium-ion batteries that the company says offer 2.5 times the lifespan and triple the charging speed of conventional lead-acid systems.
They also feature the company’s Hi-Mate platform, which provides real-time monitoring of battery health, usage patterns and maintenance needs.
The Latin American market has become an increasingly important growth driver for the company. Sales of industrial vehicles in the region are expected to reach about 1,200 units this year, more than double the 570 units recorded in 2020.
“We are expanding our sales structure from North America to emerging markets and diversifying our global portfolio,” a company representative said. “We plan to strengthen our sales, service and training systems through local dealer networks to meet rising demand for electrification in key emerging markets.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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