Hyundai Construction Equipment Wins Order for 42 Ultra-Large Excavators in Russia and Indonesia

Contracts Signed for 21 Units Each of 85t and 125t Classes

Hyundai Construction Equipment's R1250-9, the only 125-ton class excavator in Korea specialized for mine development, was launched in 2019.
[Photo by Hyundai Construction Equipment]

[Asia Economy Reporter Kim Heung-soon] Hyundai Construction Equipment recently announced on the 2nd that it has secured orders for 42 ultra-large excavators, including 21 units of 85-ton excavators and 21 units of 125-ton excavators, from three mining companies in Russia and Indonesia.

Specifically, Hyundai Construction Equipment signed contracts with two Russian mining companies for 2 units of 85-ton excavators and 19 units of 125-ton excavators. Among these, the 125-ton excavator is the only product in Korea specialized for mining development, launched by Hyundai Construction Equipment in 2019. The company explained that it has received high evaluations from customers for the excavator's digging power, safety, operator convenience, and excellent after-sales service.

Hyundai Construction Equipment plans to sequentially deliver the 21 excavators ordered from Russia to customers by June next year. These machines are expected to be deployed in local mines for coal mining.

With the Indonesian mining company, contracts were signed for 17 units of 85-ton excavators and 4 units of 125-ton excavators. These machines are scheduled to be delivered locally in Indonesia from the fourth quarter of this year through the first half of next year.

Demand for ultra-large excavators in emerging markets is expected to continue increasing due to economic recovery and a sharp rise in coal prices. According to the 'Global Energy Review 2021' published by the International Energy Agency (IEA) in April, global coal demand this year is expected to increase by 4.5% compared to the previous year, driven by expanded demand in the power sectors of Asian countries.

Recently, China has increased coal imports from neighboring countries such as Russia and Indonesia due to power shortages, leading to increased mining output in those countries. Additionally, the price of Australian thermal coal, which serves as the global benchmark for coal prices, has surged to around $400, more than triple the price at the beginning of the year, further boosting demand for ultra-large excavators.

A Hyundai Construction Equipment official stated, "In emerging markets, inquiries for ultra-large excavators have been continuously increasing," adding, "We plan to focus all our capabilities on delivering high-quality equipment on schedule to enhance customer trust."

This content was produced with the assistance of AI translation services.