HD Hyundai Vice Chairman Cho Young-cheol, center, HD Hyundai Construction Equipment President Moon Jae-young, left, and Mykolaiv Oblast State Governor Vitaliy Kim pose after signing a memorandum of understanding under which the Korean company will provide construction machines and training to the Ukrainian province, at HD Hyundai's Global R&D Center in Seongnam, Gyeonggi Province, Thursday. Courtesy of HD Hyundai Construction Equipment
Engineering giant HD Hyundai will expand efforts to rebuild war-torn Ukraine by diversifying support channels using its construction equipment arm.
HD Hyundai Construction Equipment said Friday it signed a memorandum of understanding (MOU) with Ukraine’s Mykolaiv Oblast State Administration to provide the support package. HD Hyundai Vice Chairman Cho Young-cheol, HD Hyundai Construction Equipment President Moon Jae-young and Mykolaiv Oblast Governor Vitaliy Kim signed the deal. The signing took place at HD Hyundai’s Global R&D Center in Seongnam, Gyeonggi Province, Thursday.
The MOU followed HD Hyundai Construction Equipment’s donation of five vehicles including excavators and forklifts in 2023. Under the renewed partnership, the Korean firm will not only provide more construction vehicles but establish a vehicle control training center in Mykolaiv Oblast and provide maintenance and related services. Funding and restoring local energy infrastructures in the Ukrainian province were also included. The Korean firm said the partnership has advanced to a mid- to long-term plan.
