Cindy Riley - Mon May 10, 2004
$1B Hyundai Plant Blooms
Construction crews in Montgomery, AL, are converting a 1,700-acre (688 ha) cow pasture into a $1-billion automotive manufacturing plant built specifically for Hyundai. The 2-million-sq.-ft. (185,806 sq m) facility is Hyundai Motor Manufacturing’s (HMMA) first U.S....
Darryl Seland - Tue April 27, 2004
Hyundai Bridges Theory, Practice With Interactive Training
It could be argued that service is the most important facet of the heavy-equipment business. For this reason, many manufacturers greatly invest time and money into technician training. For Hyundai Inc....
Wed October 23, 2002
Hyundai Helps Contractors Win the Battle With Rock
Known as the “Granite State,” New Hampshire offers contractors its own set of challenges. The hard rock found in excavation sites seems to dare contractors into a tug of war. Two of the state’s contractors have met the challenge with Chappell Tractor Sales, Hyundai’s 210LC-7 and 320LC-3 excavators on their side....
Thu July 25, 2002
Clayco Builds New Hyundai Center
Design work has been completed by Clayco Construction Company for a 351,000-sq.-ft. distribution and training center for Hyundai Motor America in the Prime Aurora Business Park in Aurora, IL. Clayco Chicago is providing turnkey design-build delivery for the new facility and began construction in April....
Tue April 02, 2002
Hyundai Wins $1.2B Contract in Iran
Hyundai Engineering & Construction Co. said Monday it has won a $1.2-billion contract to build a natural gas processing plant in Iran.
The contract calls for Hyundai to build the plant in a coastal area 740 miles south of Tehran for Agip Iran B.V., a consortium led by Italian oil company Agip SpA, the company said in a statement.
Construction will begin this month....
Tue January 30, 2001
Korea’s Hyundai Expecting $29.4 Million From Iraq
Hyundai Engineering & Construction, is to receive $29.4 million from Iraq in reparations for damage suffered during the 1991 Gulf War, the company said recently.
Iraq is responsible for paying a total of $34.4 million to Hyundai in war reparations.
The company, which has battled liquidity problems for months, had received $5 million from Iraq as of last September, but said it would soon be getting the remainder of what it was owed in reparations.
"The [South Korean] Foreign Ministry notified us that it had received the payment and it would send us the money on Monday," the company said in a statement.
Hyundai said it hoped the payment of the reparations would improve the chances of it getting $850 million in unpaid construction bills from Iraq.
"We will be able to sell the commercial papers we received from Iraq, if the United Nations lifts economic sanctions against Iraq," said company spokesman Park Jong-kil.
The company offered a series of fund-raising plans last year to stave off bankruptcy....
Sat January 06, 2001
Hyundai Adds Three Dealers to Midwestern Roster
Hyundai Construction Equipment has added three new companies to its growing dealer network in the Midwest.
Ozark Machinery Co.
Ozark Machinery Company, located in West Plaines, MO, has been in the logging and sawmilling business for 28 years making it one of the veterans in the Midwest market....
Tue January 16, 2001
Hyundai Names New President of North American Operations
Hyundai Construction Equipment has announced that J.J. Kim will replace C.M. Lee as president of North American operations. Lee has served as president of HCE since 1994. He will continue to be an integral part of the company by supporting North American operations from headquarters in Korea....
Thu January 04, 2001
Hyundai Engineering Plans Spinoff
Hyundai Engineering & Construction Co. said it will spin off some of its design and building operations to cut debt.
The restructuring will shed 2,000 employees from Hyundai Engineering, which currently has 7,200 workers, said Park Jong-kil, a company spokesman.
The plan called for Hyundai Engineering to spin off its department that designs electric-power and chemical plants....
Sat January 29, 2000
Con-Equip Named Hyundai Dealer
Hyundai Construction Equipment announced its new relationship with Con-Equip Inc., headquartered in Houston, TX. The company, founded by George Nevins in 1989, carries Link-Belt cranes, Moxy off-road haul trucks, Bell off-road haul trucks, Hamm compaction equipment, and now Hyundai excavators and wheel loaders....
