Augusto Diniz/O Empreiteiro Choe Byeong-ku, president and COO of Hyundai's construction equipment division, says the global market "will overcome" its current sluggishness. Augusto Diniz/O Empreiteiro Hyundai's Itatiaia, Brazil, unit will produce 3,000 machines annually, with a goal of 4,000 units by 2014. Related Links: For Brazil Equipment Buyers, Support Is King Whats Keeping International Firms Out of Brazils Infrastructure Market? As anti-dumping duties remain high in Brazil, Hyundai Heavy Industries Ltd. has inaugurated its first plant there. The $175-million invesment is also Hyundai's first outside the Asian continent.Opened last month and located in Itatiaia, the unit will produce 3,000 machines
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.