HD Hyundai Expands Industrial Portfolio
The company manages 92 consolidated subsidiaries as of June 2026.
The industrial group, HD Hyundai, operates a diversified business model where shipbuilding and refining each account for 40% of consolidated revenue. The shipbuilding segment includes the production of container ships, LNG carriers, and naval vessels.
Corporate structure changes occurred during the first half of 2026. The company established HD Hyundai USA LLC and HD HYUNDAI and SHELL Base Oil Europe B.V. as new consolidated subsidiaries. Other changes included the merger of HD Hyundai Infracore, which integrated construction machinery and engine business operations into the group. The total number of consolidated subsidiaries reached 92 by the end of the period.
Construction machinery revenue is primarily driven by exports, which represent a larger share than domestic sales. The company also maintains a presence in electrical equipment through transformers and high-voltage circuit breakers. Other business interests include industrial robots and renewable energy solutions such as solar modules.
Investment plans for the coming years focus on increasing production capacity. These plans involve equipment investments across shipbuilding, offshore plants, and engine machinery. The company expects to execute these investments through 2028, though it noted that the plans may be adjusted based on corporate conditions.