Korean industrial giant Hyundai Heavy Industries ( HHI ) has spun off its Construction Equipment division to form a new company , named Hyundai Construction Equipment , as it seeks to improve its efficiency and competitiveness . Login or register now to gain instant access to the rest of this premium content! The deal will see HHI acquire several businesses — including shipbuilding , offshore and industrial plant — while the new companies , including Hyundai Construction Equipment , will focus on electro electric systems , construction equipment and robot business .
Korean industrial giant Hyundai Heavy Industries ( HHI ) has spun off its Construction Equipment division to form a new company , named Hyundai Construction Equipment , as it seeks to improve its efficiency and competitiveness . The deal will see HHI acquire several businesses — including shipbuilding , offshore and industrial plant — while the new companies , including Hyundai Construction Equipment , will focus on electro electric systems , construction equipment and robot business .