▶  Sales surged to 1,300 units, reflecting an impressive 470% growth compared to last year, fueled by the growing demand for gold mining equipment. ▶ Develon's strategy for emerging markets is showing positive results, having successfully created a new strategic market in Africa. ▶ Improving localized sales and service operations, which includes the opening of a new branch in Ghana. On the 6th, HD Hyundai Infracore's DEVELON announced significant growth in Ethiopia, with sales reaching 1,300 units this year—an impressive 470% increase compared to last year. The increase in sales can be largely attributed to DEVELON's effective strategies targeting emerging markets in Africa, as well as rising demand for gold mining equipment driven by the expansion of local gold mining projects in Ethiopia. The leading model driving this success is DEVELON’s 36-ton excavator, DX360, which accounts for 90% of the equipment sold in Ethiopia, with more than 1,100 units sold this year alone.  Ethiopia has numerous small- to medium-sized gold mines, where equipment frequently shifts between work sites depending on the production stage. These sites often require machinery to operate for extended hours. The DX360 is an ideal choice for these demanding conditions thanks to its structural rigidity, fuel efficiency, and excellent maneuverability. In a September announcement, the Ethiopian government reported a remarkable 162% year-on-year growth in the mining sector for the 2024/2025 fiscal year, with gold exports reaching a record high of $3.4 billion. To strengthen its presence in this thriving market, HD Hyundai Infracore has developed localized sales and service operations. The "Develon Care" program includes regular inspections of customer equipment and builds brand trust by providing technical training and support for dealers, as well as assistance with local exhibitions and promotions. Going forward, the company aims to develop equipment supply and service programs tailored to the needs of mining and civil engineering sites in each country. Additionally, HD Hyundai Infracore is expanding its footprint in key West African markets by opening a branch office in Accra, Ghana, in 2023. This move aims to establish a distribution network and improve customer service in the region. An official from HD Hyundai Infracore stated, “Our success in Ethiopia shows that our strategy of expanding into emerging markets, instead of relying solely on China and advanced markets, has produced tangible results.” The official also mentioned the company's plans to explore additional strategic markets in Australia and Southeast Asia.

▶ Combining digital and automation technologies to build smart shipyards and strengthen shipbuilding capabilities ▶ Advancing workforce development through hands-on training and specialized engineering programs ▶ “Collaboration between shipbuilding and IT companies will be a catalyst for digital innovation in the U.S. shipbuilding industry” HD Hyundai is partnering with Germany’s Siemens to accelerate the digital transformation and modernization of the U.S. shipbuilding industry. HD Hyundai announced on Sunday, Nov. 2, that it recently signed a Memorandum of Understanding (MOU) with Siemens to drive the revitalization and modernization of the commercial shipbuilding industry in the United States of America. Through this partnership, the two companies aim to enhance the overall competitiveness of the U.S shipbuilding industry by improving design quality, minimizing production risks, enhancing quality, and reducing costs. By combining HD Hyundai’s shipbuilding expertise with Siemens’ digital twins and business platform technologies, the collaboration seeks to accelerate the digitalization of production processes and maximize operational efficiency. The partnership will drive gradual technological innovation across the shipbuilding sector by advancing the digitalization of ship design, automating block assembly and installation processes, and optimizing production, quality, and process management through data-driven solutions. In addition to technology cooperation, the two companies will jointly develop professional training programs to cultivate skilled experts in shipbuilding. HD Hyundai plans to dispatch instructors to more than thirty Siemens training facilities across the United States to deliver field-oriented, hands-on education. Building on its existing academic partnerships with leading universities such as the University of Michigan (UM) and Massachusetts Institute of Technology (MIT), HD Hyundai also plans to develop specialized curricula in engineering, digital design, and process automation. The parties also agreed to explore various opportunities for business cooperation and partnership expansion. Since 2023, HD Hyundai has been jointly developing a manufacturing innovation platform with Siemens, a provider of industrial software, that integrates data from design to production within a single digital ecosystem. The platform enables virtual simulation of design and production processes, reducing trial and error while deriving optimized outcome. The partnership is expected to accelerate the smart transformation of U.S. shipyards, enhancing shipbuilding competitiveness through improved quality, cost reduction, and minimized production risks. “Maximizing production efficiency through digital and automation technologies is key to the reconstruction of the U.S. shipbuilding industry,” said Moon Sangmin, Head of Global Strategy at HD Hyundai. “HD Hyundai’s accumulated shipbuilding technology and Siemens’ digital capabilities will contribute to creating new opportunities for the U.S. shipbuilding industry.” Meanwhile, HD Hyundai has been strengthening its cooperation network in the United States to advance the Make American Shipbuilding Great Again (MASGA) initiative — a symbol of Korea–U.S. shipbuilding collaboration. The company has established strategic partnerships with major U.S. players, including Huntington Ingalls Industries (HII) in the naval sector and Edison Chouest Offshore (ECO) in the commercial ship segment. HD Hyundai is also jointly promoting workforce development programs with leading universities such as Seoul National University, UM, and MIT.  

▶ Sales Up 24%, Operating Profit Up 291% Year-on-Year Driven By Global Market Demand Recovery ▶ Steady Demand for Infrastructure and Mining in Emerging Markets; Recovery Also Noted in North America and Europe ▶ Engine Division Experienced Increased Sales of Generator and Defense Engines, Maintaining Double-Digit Operating Profit Margins On Thursday, the 30th, HD Hyundai Infracore announced its financial results for the third quarter of 2025. The company reported sales of 1.1302 trillion won and an operating profit of 80.9 billion won.  This represents a year-on-year increase of 24% in sales and an impressive 291% rise in operating profit, driven by a recovery in the global construction machinery market. Sales growth was observed across major regions as demand recovered. The significant rise in operating profit stemmed from strategies aimed at improving profitability, including increased sales of high-value products, price increases, and reductions in promotional spending. In terms of business divisions, the construction machinery segment recorded sales of 854.3 billion won, up 30% from last year. Sales in advanced markets like North America and Europe grew by 38% year-on-year, thanks in part to the recovery from last year's low performance, improving demand in Europe, and a rise in pre-orders from North America. Sales in emerging markets have steadily risen across the region, driven by increased infrastructure investments and rising demand for mining equipment in Latin America and Africa. In China, sales surged 82% year-on-year, following the consolidation of production from the HD Hyundai Construction Equipment Jiangsu subsidiary into the HD Hyundai Infracore Yantai subsidiary, which fully realized the benefits of business restructuring. The engine segment reported sales of 275.9 billion won and an operating profit of 46.5 billion won, up 8% and 42% year-on-year, respectively. This growth was driven by rising sales of generator engines fueled by increasing power demand, as well as consistent demand for defense engines. The division maintained double-digit operating profit margins by raising prices and expanding its share of high-margin products. The division expects to achieve medium- to long-term growth in sales and profitability by increasing sales of large electronic and gas generator engines and expanding its defense engine sales. This growth will be bolstered by the broader use of its engines within the integrated entity. An official from HD Hyundai Infracore commented, “With the ongoing recovery of the global market, we aim to strengthen our growth across all construction machinery and engine segments. Additionally, we plan to enhance both our mid-to-long-term sales and profitability by focusing on high-margin products and implementing efficient cost management strategies.”