HD Hyundai Infracore has recently established a new office in Accra, Ghana to expand its network and secure more customers in Western and Central Africa where the market is growing.
As a result, HD Hyundai Infracore has signed supply contracts for a total of twenty-nine new machines in the Republic of Angola which include twenty excavators and nine wheel loaders. This is the largest contract for the company since starting business in Angola and takes up around 8% of the country’s total market when considering its average market volume is around 370 units per year. The machines will be supplied to one of the largest construction companies in Angola and used for building hydroelectric power dams.
With the launch of its new brand, DEVELON, HD Hyundai Infracore also hosted its ‘2023 MEA Dealer Conference’ in Cairo, Egypt to discuss sales strategies. The dealer conference is the first regional meeting since launching DEVELON, where over ninety key stakeholders including HD Hyundai Infracore President, Seunghyun Oh, and twenty-six MEA dealers attended.
“We have seen unprecedented results in the Middle East and Africa market in the past five years,” said Seunghyun Oh. “Along with the new brand launch, we will work on developing different next generation technologies and strengthen the current line up to maximize our sales capacity in order to reach our goal of becoming a Global Top 5 player by 2025.”