Hyundai Units Unite as USD 6.15bn Construction Equipment Firm
HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to create HD Construction Equipment, a new company launching with consolidated sales of about USD 6.15 billion. Boards of both firms approved the tie up on 1 July; an extraordinary shareholders’ meeting is set for 16 September, subject to regulatory clearance.The merger is designed to sharpen the group’s response to volatile markets, bolster technological capability and keep costs competitive. The combined business will trade under two brands, Hyundai and Develon, focusing on construction equipment while ..
Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects
A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of ..
DP World To Invest $2.5 Billion In Global Ports In 2025
DP World has unveiled a $2.5 billion investment plan for 2025 to accelerate the expansion of its global logistics network amid rising demand for integrated and resilient supply chain solutions. The capital will fund four major infrastructure projects across India, Africa, South America, and Europe, reinforcing DP World’s role as a global trade facilitator.Chairman and Group CEO Sultan Ahmed bin Sulayem stated the bold investment signals long-term confidence in the fundamentals of international trade. “This commitment reflects our belief in building the infrastructure needed to keep the wor..
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