Hyundai Heavy Industries Co., an international shipbuilder and construction equipment manufacturer, last week signed a strategic partnership with German construction equipment manufacturer Atlas Weyhausen GbmH for the supply of compaction equipment.
Under the partnership, four models of single rollers ranging from 7 to 14 tonnes (15,432 to 30,864 pounds), and 2.5- and 3-tonne (5,511- to 6,613-pound) tandem rollers to be built by Atlas Weyhausen will be released later this year in emerging markets including the Middle East, Turkey and Russia under Hyundai Heavy's brand.
The partnership enables Hyundai Heavy to expand its construction equipment line, and Atlas Weyhausen to boost its sales via Hyundai Heavy's 500-plus dealer network in 150 countries worldwide.
"We expect this win-win partnership diversifying our construction equipment portfolio will not only boost our existing products sales but will also make HHI the one-stop shop for construction equipment," said Ji Sang-pyo, senior vice president of Hyundai Heavy's Construction Equipment Division.
"For Atlas Weyhausen GmbH, this long-term strategic partnership is a milestone in the worldwide distribution of its proven compaction equipment line, and will enable us to further accelerate our developing efforts in this line of business,” said Helmut Lorch, managing director of Atlas Weyhausen GmbH.