▶ Around 200 employees join hands for Kimchi-making volunteering in Ulsan, Incheon, and Gunsan ▶ 2,500 boxes of Kimchi worth KRW 130 million donated to local welfare facilities and national heroes’ families HD Construction Equipment and HD Hyundai XiteSolution have launched their annual Kimchi-sharing event to bring warmth to local communities ahead of the harsh winter season. The two companies announced on November 5 that approximately 200 executives and employees participated in the volunteer event across major domestic production sites, including Ulsan, Incheon, and Gunsan. Key leadership joined employees to mix and pack the traditional winter staple. President Moon Jae-young of HD Construction Equipment led the volunteer group at the Incheon site, while President Park Chan-hyug of HD Hyundai XiteSolution participated alongside staff at the Ulsan facility. Together, the companies prepared 2,500 boxes of Kimchi, valued at approximately KRW 130 million. The packages will be distributed via local social welfare organizations to underprivileged neighbors and community centers near the companies' business operations. Notably, a portion of the donations will be delivered directly to the families of Korean War veterans and descendants of national patriots as a gesture of deep gratitude and respect for their service. The Kimchi-sharing program is HD Construction Equipment’s flagship corporate social responsibility (CSR) initiative. Since its launch in 2011, the company has maintained this meaningful tradition for 16 consecutive years, strengthening its connections with local communities. "We hope the Kimchi made by our employees brings comfort and support to our neighbors this winter," said an official from HD Construction Equipment. "Moving forward, we remain committed to supporting our local communities and sharing winter warmth."  

▶ The facility boasts an annual capacity of 1,250 Super-large generator engines, 120 defense engines, and 1,460 MWh of battery packs. ▶ Equipped with assembly robots and autonomous mobile robots, the smart factory significantly boosts quality and production efficiency. ▶ Unveiling its first 37-liter Super-large generator engine, the company aims to reach KRW 2.5 trillion in engine business revenue by 2030. HD Construction Equipment is expanding its business footprint following the completion of a state-of-the-art engine and battery pack manufacturing facility. On Wednesday the 28th, the company hosted a grand opening ceremony for its new engine plant at the Gunsan Campus, located within the Gunsan National Industrial Complex in Jeonbuk State. The event drew around 200 attendees, including key executives and officials such as HD Hyundai Vice Chairman Cho Young-cheul, HD Construction Equipment President Moon Jae-young, Jeonbuk Governor Lee Won-taeg, National Assembly Member Kim Eui-kyeom, Gunsan Mayor Kim Jae-jun, and Park Tae-hyeon, Director General for Industrial AI Policy at the Ministry of Trade, Industry and Resources, alongside key partners and clients. Built over two years with a KRW 116.8 billion investment, the new facility spans 62,700 square meters within the Gunsan Campus. The company maximized both quality control and operational efficiency by integrating advanced assembly robots, Autonomous Mobile Robots (AMRs), predictive defect detection systems, and a centralized control tower. At full capacity, the new smart factory delivers an annual production capacity of 120 defense-grade tank engines and 1,250 Super-large generator engines ranging from 1 to 3 MWe. Its yearly output for battery packs also reaches up to 1,460 MWh, which is enough to power approximately 9,400 electric buses. In response to the rapidly increasing demand for high-output power generators driven by AI data centers, HD Construction Equipment plans to begin mass production of its Super-large generator engines at the Gunsan plant. The rollout will kick off with a 37-liter (1.3 MWe) model in the first half of next year, followed by a 77-liter (3 MWe) model in 2028 and a 50-liter (2 MWe) model in 2029. Furthermore, the new facility will enable the company to reliably meet the growing mid-to-long-term demand for defense-grade tank engines, while also expanding its supply of battery packs across the commercial vehicle, construction equipment, and industrial sectors. During the ceremony, the company unveiled its 37-liter Super-large generator engine, DX37, alongside the new name and slogan for its engine business unit. Reflecting its mission to provide the power that drives industries forward through its engines and battery packs, the unit has been named the Power Solutions Business Division. The new slogan, "Powering the Next," embodies the company's commitment to realizing future technologies and creating new opportunities. Under this new slogan and backed by the new Gunsan facility, HD Construction Equipment will aggressively target the growing demand for generator engines, defense engines, and battery packs. The company aims to reach KRW 2.5 trillion in engine business revenue by 2030, nearly doubling its 2025 revenue of KRW 1.3 trillion. "We will pioneer future technologies and proactively create new business opportunities to meet emerging energy demands," said Moon Jae-young, President of HD Construction Equipment, during the ceremony. "Through these efforts, we will ensure our company grows hand-in-hand with the local community." (1) Panoramic view of HD Construction Equipment’s new engine plant in Gunsan. (2) The DX37 generator engine, scheduled for mass production at the new Gunsan plant    

▶ Improved equipment profitability and robust engine sales drive a 6% increase in revenue and a 24% surge in operating profit ▶ Infrastructure and mining investments continue expanding in emerging markets, while next-generation model sales rise in advanced markets ▶ Engine sales grow on the back of power generator supply for data centers and a broader recovery in the construction equipment industry HD Construction Equipment announced via public disclosure on October 26 that it posted revenue of KRW 2.0915 trillion and an operating profit of KRW 157.7 billion for the third quarter of 2026, achieving a solid operating profit margin of 7.5%. Both revenue and operating profit saw significant year-on-year growth, climbing 6.1% and 23.9%, respectively. Top-line growth was driven by strong sales of generator and industrial engines, while bottom-line profitability was substantially boosted by a combination of structurally improved equipment margins and the robust performance of the engine business. By business segment, the Construction Equipment Division generated KRW 1.6235 trillion in revenue and KRW 109.9 billion in operating profit. While prolonged geopolitical uncertainties weighed on performance in the Middle East and Africa, continuous demand from mining and infrastructure projects in other regions sustained steady sales of mid-to-large products. Profitability was further supported by a reinforced aftermarket strategy that expanded high-margin parts sales. Revenue across advanced markets, including North America and Europe, grew 4% year-on-year. A residential housing slump in Europe led to a decline in regional sales, but this was offset by strong North American demand for next-generation models and commercial trucks. Sustained expansion in the equipment rental market also backed the overall revenue growth. Moving forward, HD Construction Equipment plans to maintain this growth momentum by rolling out next-generation lineups and prioritizing new product sales in advanced markets. Revenue in the Commonwealth of Independent States (CIS), Southeast Asia, and Oceania surged 30.2% year-on-year, driven by the supply of customized localized products. The CIS region saw a rise in sales of ultra-large construction equipment, while compact equipment sales drove growth in Australia and New Zealand. In India, revenue jumped 26.6% year-on-year as government-led infrastructure investment boosted sales of compact excavators and wheel loaders. The Latin American market also sustained its stable upward trajectory, growing 26.8% on the back of expanding mining demand. The Engine Division generated KRW 394 billion in revenue and KRW 55.2 billion in operating profit. Sales of generator engines increased due to expanding power demand from data centers, while industrial engine sales rose alongside the recovery in global construction equipment market conditions. By prioritizing high-margin products in its sales strategy, the division maintained a solid double-digit operating profit margin of 14%. HD Construction Equipment plans to begin manufacturing megawatt (MW)-class diesel generators next year at its near-complete Gunsan plant. Simultaneously, the company will expand its large-scale gas engine production lines at the Incheon plant to meet the skyrocketing demand for data center generator engines, particularly in North America. "Through profitability-focused business operations, we were able to achieve robust operating profits despite the recent decline in exchange rates," an official from HD Construction Equipment said. "Moving forward, we will strengthen our growth momentum by reinforcing our next-generation lineups and localized construction equipment product families, while aggressively targeting the data center generator engine market utilizing our new Gunsan plant."