267270 on Korean Stock Exchange

HD Hyundai Construction Equipment

South Korean construction equipment company

HD Construction Equipment Co., Ltd. (HDCE; Korean: 에이치디건설기계 주식회사), formerly Hyundai Construction Equipment, is a South Korean construction equipment manufacturer, and subsidiary of the HD Hyundai conglomerate. The company is the largest construction machinery company in Korea, and was formed through the merger of Doosan Infracore and Hyundai Construction Equipment. HDCE markets its products under two brands; Develon and Hyundai.2 It is part of HD Hyundai XiteSolution.1 Its shares trade on Korean Stock Exchange under the symbol 267270.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Apr 3, 2017Founded1

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  • Ticker267270 on Korean Stock Exchange1
  • HeadquartersSeongnam1
  • Websitewww.hd-hyundaice.com
  • Legal formjusik hoesa1
  • LEI988400SUTJA1BDSX0Y303
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address경기도 성남시 분당구 분당수서로 477 (정자동), 13553 Seongnam, South Korea3
  • Registered withNational Tax Service, 528-88-006223
HD Hyundai Construction Equipment image from its website
Image: hd-hyundaice.com5

HD Construction Equipment Co., Ltd. (HDCE; Korean: 에이치디건설기계 주식회사), formerly Hyundai Construction Equipment, is a South Korean construction equipment manufacturer, and subsidiary of the HD Hyundai conglomerate.2

Corporate structure

HD Hyundai Construction Equipment is part of a group headed by HD Hyundai. 15 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

HD Construction Equipment was established in 1985 as a construction equipment division of Hyundai Heavy Industries, a shipbuilding company, based in Ulsan. In 2017, Hyundai Heavy Industries spun off its non-shipbuilding businesses, including electronics, robotics, and construction equipment, to enhance their competitiveness. As a result, Hyundai Construction Equipment was established as a separate company.

Following the parent group's rebranding in 2023, Hyundai Construction Equipment was renamed HD Hyundai Construction Equipment.

In 2021, HCE's parent company acquired Doosan Infracore, which later became HD Hyundai Infracore, its largest domestic rival.

In 2026, the two construction companies within the same corporate group merged to form HD Construction Equipment. Despite the merger, the company continues to market products under both the Develon brand, inherited from HD Hyundai Infracore, and the Hyundai brand from HD Hyundai Construction Equipment. The merged company operates manufacturing facilities in Ulsan, Incheon, and Gunsan in South Korea and in India, China, Brazil, and Norway.

From Wikipedia’s article on HD Construction Equipment, shared under CC BY-SA 4.0.4

Products and brands

As of 2026, HDCE's subsidiaries include:

From Wikipedia’s article on HD Construction Equipment, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. May 17, 2017Went public Listed on Korean Stock Exchange1
  2. Apr 3, 2017Founded Founded1