Hyundai and Samsung Jointly Develop Modular Elevators to Enhance Competitiveness in Saudi Arabia Bidding

Hyundai Elevator and Samsung C&T announced on the 14th that they will develop a dedicated elevator applying modular construction methods within this year.

The modular construction method is a building technique where more than 70% of building components, including the structure, are prefabricated in a factory, and only installation and interior and exterior finishing are carried out at the construction site. It is considered an eco-friendly method due to its shorter construction period and reduced waste, noise, and dust.

Joinsoo Jo, Head of Samsung C&T M&E Division (left), and Taewon Lee, CTO of Hyundai Elevator, are posing for a commemorative photo after the memorandum of understanding signing ceremony held on the 11th at the Samsung Global Engineering Center.

The elevator jointly developed by the two companies will be manufactured in modules at the factory, including the elevator and the shaft, and then vertically stacked on-site according to the modular construction method. The companies expect this to shorten the elevator installation period at construction sites, reduce on-site work, and improve safety and quality.

It is also expected to enhance competitiveness in overseas orders, such as the construction of new cities in Saudi Arabia. Hyundai Elevator participated in the Indonesian smart city bidding competition as part of the government-led order support group. Lee Taewon, Chief Technology Officer of Hyundai Elevator, said, "The modular construction method will be a core technology for the Saudi Arabia project," adding, "The dedicated elevator developed by both companies will bring significant synergy effects, including shortening the construction period."

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