Hyundai Heavy signs partnership deal with Atlas Weyhausen
Hyundai Heavy Industries has signed a strategic partnership with German construction equipment manufacturer Atlas Weyhausen.
The partnership covers four single rollers ranging from 7tonnes to 14tonnes and tandem rollers of 2.5tonne and 3tonne to be built by Atlas Weyhausen.
They will be released in emerging markets including the Middle East, Turkey and Russia under Hyundai Heavy's brand from the second half of this year.
The partnership enables Hyundai Heavy to expand its construction equipment line, and Atlas Weyhausen to boost its sales via Hyundai Heavy's 500-plus dealer network in 150 countries.
"We expect this win-win partnership diversifying our construction equipment portfolio will not only boost our existing products sales but will also make HHI the one-stop-shop for construction equipment," said Ji Sang-pyo, senior vice president of Hyundai Heavy's Construction Equipment Division.
Helmut Lorch, managing director of Atlas Weyhausen said, "For us, this long-term strategic partnership is a milestone in the worldwide distribution of its proven compaction equipment line and will enable us to further accelerate our developing efforts in this line of business."