HD Construction Machinery has secured an order for 45 mid to large-sized excavators in Hong Kong, strengthening its presence in the local market.
On September 16, the company announced it will supply seven Develon 53-ton large excavators and 38 mid-sized excavators ranging from 14 to 36 tons for the Hong Kong Railway Corporation's extension project of the Tung Chung Line.
The equipment will be used for the construction of a new station and the extension of approximately 1.2 kilometers of railway. Given the site's location on reclaimed land with weak ground conditions, there is a demand for specialized equipment such as long reach arms capable of distant operations, leading to expectations for additional supplies of 80-ton and 100-ton ultra-large special equipment.
This order is significant as it demonstrates product competitiveness through fuel efficiency and customer service, surpassing Chinese equipment known for its price competitiveness. Building on this achievement, HD Construction Machinery plans to expand its equipment lineup and increase its market share in Hong Kong.
Including this supply, the company aims to sell a total of 75 units in Hong Kong this year, achieving the highest equipment supply in the local market over the past five years. HD Construction Machinery plans to sell over 100 units annually in the Hong Kong market by 2029 to strengthen its brand presence.
According to the Hong Kong government, approximately HK$90 billion (about $11.5 billion) is allocated annually for public infrastructure projects, including the expansion of public transportation networks and new town developments. As major projects, such as the northern metropolis infrastructure connecting to mainland China, are set to commence, the budget is expected to increase to an average of HK$120 billion (about $15.4 billion) per year. Consequently, local demand for construction equipment is anticipated to remain steady.
An HD Construction Machinery representative stated, "It is significant that we have secured a large order while expanding our presence in a market where we previously held a high market share. Based on this achievement, we will further expand our local distribution channels and strengthen our brand presence."
Meanwhile, HD Construction Machinery is a unified construction machinery corporation that was established in January this year through the merger of HD Hyundai Construction Equipment and HD Hyundai InfraCore. The company operates in the construction equipment sector, focusing on excavators and wheel loaders under the Hyundai and Develon brands.
* This article has been translated by AI.
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