HD Hyundai Construction Equipment (KRX:267270) completed the transformation of its Ulsan plant into a smart factory, aiming to boost annual output by 56% to 15,000 units, Pulse News reported Wednesday.
The company expects a 20% rise in labor productivity and a 35% decline in production lead time after the transformation, the report said.
Shares of HD Hyundai Construction Equipment fell more than 3% in recent trade on Thursday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.