Hyundai Construction Equipment bags big orders from Russia this month
By Nam Kwang-sik
SEOUL, Nov. 26 (Yonhap) -- Construction machinery maker Hyundai Construction Equipment said Friday it has obtained orders for 534 units of construction equipment from Russia this month.
The deals with unidentified Russian miners and builders include orders for 510 excavators, 15 wheel loaders and nine skid-steer loaders, Hyundai Construction Equipment said in an emailed statement.
The construction equipment will be delivered by the first quarter of next year and used at the construction sites and coal mines in Russia, the company said.
But Hyundai Construction Equipment did not reveal the value of the deals.
With the latest orders, sales of Hyundai Construction Equipment have risen nearly three times in the first 11 months of the year from a year earlier by selling about 1,500 units of construction equipment, including 21 125-ton excavators.
On the back of soaring coal prices, demand for construction equipment for mining has been showing explosive growth in Russia, increasing sales of over 25-ton excavators, Hyundai Construction Equipment said.
Shares in Hyundai Construction Equipment were trading at 40,300 won (US$33.8) as of 10:55 a.m., up 0.51 percent from the previous session.
ksnam@yna.co.kr
(END)
-
'Queen of Tears' weaves rich tapestry of Korean contemporary art
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
N. Korea calls envisioned U.S. aid to Ukraine 'hallucinogen'
-
N. Korea calls on party propaganda officials to work harder
-
'Queen of Tears' weaves rich tapestry of Korean contemporary art
-
Experts see possibility of N.K. conducting nuclear test before U.S. presidential vote
-
Details of meeting between Yoon, opposition leader undecided: presidential office
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
S. Korea eliminated in Olympic football qualifiers as poor defense, undisciplined play prove costly
-
Indonesia coach left with mixed feelings after eliminating native S. Korea in Olympic football qualifiers
-
(LEAD) 10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
ADOR CEO calls conflict with Hybe 'worst experience of my life'
-
S. Korea to acquire SM-3 shipborne missiles by 2030