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Hyundai strikes $449M deal with CNH Industries

from Construction Equipment Guide

Hyundai Construction Equipment announced July 24 that it has struck a deal to provide CNH Industrial with 2,200 mini excavators for a total of $449 million by 2021. "In an effort to further our technology development sector, as well as further develop our excavator sales lineups and strengthen the reliability of our evaluation centers, we plan to invest 660 billion won [about $590,000,000] by 2021 to ensure that our company's performance, quality and services are recognized as having the highest quality, not only in emerging markets but also in advanced markets," said Hyundai Construction President Kong Ki-young in a press release. more

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