Tag Archives: South Korea

Hyundai CE bolsters Ulsan plant to support electric-, hydrogen-powered equipment plan

Hyundai Construction Equipment (HCE) says it is investing €150 million ($170m) in its Ulsan production plant in South Korea, increasing capacity by 50%, in a process that will support Hyundai’s growing presence in the global construction equipment market, while providing a manufacturing base for a new generation of electric- and hydrogen-powered equipment.

The investment, to be delivered over the next four years, will increase production at the plant by 4,800 units a year, bringing annual capacity to 15,000 excavators, wheel loaders and other construction models.

The company will merge the production and assembly functions currently in Factory 1 and Factory 2, into a single facility, simplifying the flow of processes and increasing savings by maximising efficiency. This will reduce the working hours involved in machine production and cut logistics costs throughout the supply chain, the company says. The move will also reflect HCE’s environmental, social and governance factors, using eco-friendly sub-materials when conducting interior and exterior finish work.

HCE said: “The company is increasing its market share in every region of the business, by responding to current market trends in the global construction equipment market and by looking ahead to the customer requirements of tomorrow’s infrastructure and construction projects. The company is also planning to benefit from the recent US launch of the ‘Build Back Better World (B3W)’ initiative for developing countries.”

HCE announced in 2020 that it planned to bring to market a range of excavators powered by hydrogen fuel cells, produced in cooperation with Hyundai Motors, which has its largest automotive plant in Ulsan. The company has already unveiled a range of hydrogen-powered industrial forklifts that are due to launch in 2023, as it continues to develop the low and zero-carbon emissions equipment that will be demanded by the customer of the future.

HCE CEO, Mr Choi Cheol-gon, said: “Strengthening the competitiveness of the Ulsan factory is the first challenge that needs to be addressed to reach the global top five, the goal of the construction equipment division of the Hyundai Heavy Industries group. With this investment, we will further raise our brand competitiveness by producing and delivering construction equipment with increased efficiency.”

In November 2020, HCE completed the construction of a technology innovation centre, investing €57.4 million. The new centre includes 16 laboratories, employing more than 100 researchers. It is involved in research and development projects focused on eco-friendly technologies, high efficiency and noise reduction technologies and a virtual verification system. The site also performs quality research and verification of components and completed equipment.

Metso engineering work steers Almonty towards production at Sandong tungsten project

Metso, in the face of COVID-19 restrictions, has kept Almonty Industries’ Sandong tungsten project in South Korea on track, completing and delivering the basic engineering work for the crushing and grinding circuit of the process plant.

Almonty said the work was delivered on May 15 and is now under review by the technical team, with approval expected within two weeks.

The overall process flowsheet with process mass balance, equipment list, plant layout drawings, process control philosophy, control diagrams and general technical information were provided after five months of extensive work by Metso, in collaboration with Almonty’s technical team, it said.

Ore characterisation tests on drop weight, bond mill work index, abrasion and crushability were conducted at the Metso laboratories during 2019 and 2020 in order to determine the physical properties, mineral liberation and comminution indices of the ore, which were used as the basis for the design criteria of the equipment for the Sangdong processing plant, it said.

“The Metso equipment selected for the basic engineering is from the world-class product range, which provides for high availability and low operational costs,” Almonty said.

Almonty’s Chairman, President and CEO, Lewis Black, said: “We appreciate Metso and its specialised professionals for their intensive work and dedication in the past months to produce this meaningful basic engineering output, turning its second-to-none experience and expertise in the mining field to the most optimum design criteria for the equipment and process of the Sangdong plant.

“Despite the hardship set by COVID-19, the timely delivery of Metso’s basic engineering work on these critical processing units and long-lead items, such as crushers and mills, will enable Almonty to meet the critical path timeline of the Sangdong project as proposed for the KfW-IBEX Bank project financing.

“The comprehensive and thorough basic engineering work produced by Metso will surely serve as the basis of attaining the performance criteria of the plant guaranteed by Metso.”

Almonty is currently running a pilot plant at Sandong (pictured) to test out the flowsheet on a much smaller scale, but the aim is to build the beneficiation plant this year before moving into tungsten concentrate powder production in 2022.