HCE begins construction of new Yongin reliability center

Industry

HCE begins construction of new Yongin reliability center

Published: 18 Sep. 2019, 20:22

Hyundai Construction Equipment, a construction equipment maker under Hyundai Heavy Industries Group, said Wednesday it has started the construction of its new reliability assessment center in Korea.

The company said it will invest 77 billion won to build the center in Yongin, Gyeonggi, to be completed by August 2020.

Hyundai Construction Equipment said the center will conduct various tests to guarantee the quality and lifetime of its products.

Hyundai Construction Equipment posted 1.6 trillion won ($1.3 billion) in sales in the first half, down 11.6 percent from a year earlier, while its operating profit plunged 17.3 percent on-year to 113.1 billion won.

Yonhap