HD Construction Equipment Signs Deal to Supply 264 Engines to Portugal's Grupel
Korean company aims to double power-generating engine sales to 770 billion won by expanding European market presence amid tightening emissions regulations
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- HD Construction Equipment Co., an affiliate of HD Hyundai Co., has signed a contract to supply 264 small-sized G2 power-generating engines to Portuguese manufacturer Grupel.
- The deal comes as Europe sees growing demand for mobile power generators and replacement demand for aging equipment under stricter emissions regulations.
- The company aims to reach 770 billion won in global power-generating engine sales, more than double its 2025 sales of 370 billion won, targeting additional contracts for its larger DX05 and DX08 engines.
KI-generierte Zusammenfassung
Warum es wichtig ist
HD Construction Equipment is an affiliate of HD Hyundai Co., a major South Korean shipbuilding-to-machinery conglomerate. The company is expanding its presence in the European power-generating engine market, competing with other manufacturers as emissions regulations tighten across the continent.
SEOUL, April 20 (Yonhap) -- HD Construction Equipment Co. said Monday it has signed a contract to supply 264 power-generating engines to Portuguese generator manufacturer Grupel. The deal covers small-sized G2 engines and comes amid growing demand for mobile power generators in Europe, as well as replacement demand for aging equipment under tightening emissions regulations, the company said in a press release. The company did not disclose the contract's timeframe. HD Construction Equipment, an affiliate of shipbuilding-to-machinery conglomerate HD Hyundai Co., said it aims to secure additional contracts in Europe for its larger DX05 and DX08 engines. "The latest order demonstrates the G2 engine's competitiveness in Europe, where emissions standards are becoming more stringent. We will continue to expand our customer base in the generator market and beyond," a company official said. The company aims to reach 770 billion won (US$520 million) in global power-generating engine sales, more than double its 2025 sales of 370 billion won. The European diesel generator market is forecast to grow at a compound annual rate of 4.18 percent to 7 trillion won by 2031, from 5.7 trillion won in 2026, according to market research firm Mordor Intelligence.
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HD Construction Equipment will secure additional contracts for DX05 and DX08 engines in Europe
Wahrscheinlich · Innerhalb von Monaten
European diesel generator market will grow at projected 4.18% CAGR through 2031
Wahrscheinlich · Innerhalb von Jahren
Offene Fragen
- What is the exact timeframe for the contract?
- What is the monetary value of the contract?
- When exactly does the company expect to reach 770 billion won in sales?
