HD Construction Equipment lands excavator orders across Africa, Asia

SEOUL, January 14 (AJP) - HD Construction Equipment, HD Hyundai’s construction machinery unit, said Wednesday that it has signed contracts with mining developers in Ethiopia to supply 120 large excavators for gold mining projects.

The order includes 70 DEVELON-branded 36-metric-ton excavators and 50 HYUNDAI-branded 34-metric-ton models.

HD Construction Equipment said it commanded about 80 percent of Ethiopia’s excavator market last year, maintaining its leading position through product competitiveness and after-sales service.

The company's 30-metric-ton class mid- to large-size excavators are designed for Africa’s resource-development environment, emphasizing durability, operational stability, mobility and fuel efficiency. Sales in the region have more than doubled annually over the past three years, the company said.

To support further growth, the company plans to strengthen customer support through regional hubs in Ghana and South Africa, while building country-specific cooperation systems to respond to rising demand across Africa.

HD Construction Equipment also reported sizable orders worldwide. In Vietnam, the company won contracts to supply 71 machines, including 20 wheeled excavators for the government’s emergency disaster-response programs and crawler excavators for national infrastructure projects.

In Kyrgyzstan, the company will deliver 41 excavators, including 52-metric-ton large models and 38-metric-ton mid- to large-size machines, for transportation network expansion and real-estate development.

In a regulatory filing Tuesday, HD Construction Equipment set a 2026 sales target of 8.72 trillion won ($6.6 billion) and an operating profit target of 439.6 billion won.