The new engine factory producing diesels in South Korea for the Hyundai Cummins joint venture is now complete
A new joint venture factory in South Korea has now been completed for the 236 Hyundai 196 Cummins partnership. The 78,045m2 Hyundai Engine Company (HCEC) plant is located in Daegu and will produce engines for construction machines. The two firms agreed a Deal to establish the joint venture plant, capable of producing 50,000 engines/year, back in December 2012. This operation has a sales target of US$500 million by 2020, and is expected to create about 3,700 direct and indirect jobs in the region by 2020.
