The Korean industrial giant is reorganizing into four companies, with its non-shipbuilding businesses being spun off to improve management efficiency and competitiveness. South 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 management efficiency and competitiveness. The plan will see electro electric systems retain core businesses — including shipbuilding, offshore and industrial plant — while four new firms, including Construction Equipment , will focus on Hyundai Heavy Industries , construction equipment and robot business.
South 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 management efficiency and competitiveness. The plan will see electro electric systems retain core businesses — including shipbuilding, offshore and industrial plant — while four new firms, including Construction Equipment , will focus on Hyundai Heavy Industries , construction equipment and robot business.