Hyundai Heavy's China Plans

Hyundai Heavy Industries is building a plant in China for heavy duty bulldozers.The factory will initially produce 8,000 of the three and five ton machines a year,ramping up to 10,000 within five years.They are also planning to produce heavy equipment in Brazil,Africa and the Middle East,inspired by their success in China.They entered the Chinese market in 1995,and their Chinese operations account for 50% of their global sales.
Besides manufacturing construction equipment,Hyundai Heavy has a shipbuilding division that is number one globally,with 15% of the world market.The company also produces electrical systems,industrial plants and offshore structures.Hyundai Heavy is a component of South Korea's KOSPI composite stock price index.In the U.S.,the company trades on the OTC pink sheets.