HD Hyundai Group’s construction equipment subsidiaries, HD Hyundai Construction Equipment and HD Hyundai Infracore, merged on Thursday to operate as a single company under the new name HD Construction Equipment, aiming for 14.8 trillion won ($10.3 billion) in sales by 2030. HD Construction Equipment held its launch event at its Ulsan headquarters on the first day of the new year, with HD Hyundai Group Chairman Chung Ki-sun and Vice Chairman Cho Young-chul in attendance. The merger was approved by shareholders in September last year, attracting attention as Korea’s two leading construction equipment companies set to combine to form the nation’s largest construction equipment firm, with annual revenue projected to reach 8 trillion won. With HD Hyundai Construction Equipment CEO Moon Jae-young at the helm, HD Construction Equipment will have manufacturing operations in Ulsan, Incheon and Gunsan (North Jeolla Province) in Korea, as well as in India, China, Brazil and Norway. “We have now restructured manufacturing, quality control and marketing for our construction equipment business