Strategic MOU Signed with Indonesia's Hasnur Group
Aiming to Build an Electrification Ecosystem... Strengthening Cooperation Between the Two Companies
"Expanding Global Presence Using the Indonesian Mining Market as a Bridgehead"
HD Hyundai Construction Equipment is joining forces with an Indonesian mining company to accelerate its entry into the global mining market. The company plans to go beyond simply supplying equipment by also providing electrification equipment demonstration and digital solutions based on operational data. Their strategy is to use Indonesia as a bridgehead to expand their presence in the global market.
On June 19, HD Hyundai Construction Equipment announced that it had signed a strategic memorandum of understanding (MOU) with Indonesia's Hasnur Group at its Ulsan campus for the joint development of a "mining total solution." The event was attended by Choi Cheolgong, President of HD Hyundai Construction Equipment, and Jayanti Sari, President of Hasnur Group.
Through this agreement, the two companies will cooperate in several areas: supplying mining equipment, developing solutions based on operational data, conducting demonstration tests of electric excavators, and establishing site management systems. Their vision is to evolve into an "integrated mining platform" that encompasses not only equipment sales but also field data analysis and operational optimization.
HD Hyundai Construction Equipment will begin by supplying large wheel loaders to Hasnur Group and will gradually expand the supply of mining equipment. The company plans to use operational data from the equipment to identify ways to improve efficiency and to offer comprehensive solutions that include maintenance and operational management. The two companies will also jointly conduct demonstration tests of electric excavators at mines operated by Hasnur Group.
Indonesia, where demand for mining equipment is surging, is considered a key base for HD Hyundai Construction Equipment's global expansion strategy. Indonesia is one of the world's largest nickel deposit countries and a major holder of strategic minerals. According to market research firm 6Wresearch, Indonesia's mining equipment market is expected to reach approximately $2.5 billion (about 3.4 trillion won) in 2025 and is projected to grow at an average annual rate of 8.1% through 2031.
President Choi Cheolgong stated, "This collaboration marks a turning point, as we move beyond simple equipment exports to jointly build a digital-based mining solution and electrification ecosystem," adding, "HD Hyundai Construction Equipment will continue to grow as a 'total solution provider' in the global mining market."
Meanwhile, HD Hyundai Construction Equipment is launching specialized equipment equipped with Rock Ripper and fork attachments to target the mining market and is also accelerating the development of a 140-ton class extra-large excavator.
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