HD Hyundai targets $11bn in revenue as it merges construction entities

Neil Gerrard Senior Editor, Construction Briefing

02 July 2025

Hyundai HX60A (Photo: HD Hyundai)

HD Hyundai Construction Equipment and HD Hyundai Infracore are set to merge to form a new entity called HD Construction Equipment, as the company aims to nearly double its revenue.

HD Construction Equipment will operate two distinct brands – Hyundai and Develon – and will have a consolidated revenue of KRW 8 trillion (US$6.2 billion).

The combined business will aim to establish itself as a leading global player, with a target of KRW 14.8 trillion (US$11 billion) in revenue by…

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