Hyundai breaks ground on Chinese wheeled loader factory

Hyundai has broken ground on a new US$ 48 million wheeled loader factory in Taian, Shandong. The new facility will have an annual production capacity of 8000 units, which Hyundai hopes to expand to 10000 machines within five years. Choe Byeong-ku senior EVP, COO of Hyundai's construction equipment division, said, "China is an attractive wheel loader market with fast annual production growth rate from 140,000 units in 2009 to an estimated 200,000 units in 2010. Hyundai Heavy also strives to make inroads into Brazil, Middle East, and African construction equipment markets based on the success in the Chinese market." The new factory will focus on 3 tonnes to 5 tonnes rated load wheeled loaders, the most popular models in China. This corresponds to about 1.8m³ to 3m³ bucket class machines.Air Jordan Spizike 3.5 Shoes