Hyundai, Cummins enter joint venture
| September 17, 2012 |
Hyundai Heavy Industries and Cummins have entered into a joint venture partnership to manufacture MidRange engines in Korea extending from 150- to 300-horsepower output for application in a wide range of Hyundai construction and industrial equipment.
The Hyundai Cummins Engine Company or HCEC joint venture launch took place in Ulsan, Korea, where chief operating ffficer and president of Hyundai Construction Equipment division Byeong-Ku Choe and Cummins vice president and president of engine business Rich Freeland each signed the deal.
The HCEC joint venture, located in Daegu, Korea, is set to begin manufacturing engines in 2014. Once it is at full production, the facility is anticipated to build more than 50,000 engines per year, including the MidRange 5.9-liter to 8.9-liter displacement range for Hyundai excavators, wheel loaders and industrial equipment.
The engines manufactured in the HCEC facility will be based on the Cummins B, C and L MidRange platforms, which meet EPA Tier 2 and Tier 3 off-highway emission requirements.
Source: RTT News