HD Hyundai XiteSolution Secures Massive Forklift Orders from Algerian Government

▶ Secures 316 large to ultra-large forklifts for Algeria, alongside consecutive orders for 90 units in the UAE and regional markets.
▶ “We will capture more order opportunities in emerging markets by enhancing product reliability and dealer competitiveness.”

HD Hyundai XiteSolution has secured successive large-scale forklift supply contracts in Africa and the Middle East.

The company announced on Sunday, the 17th, that it has signed a contract with the Algerian government to supply 316 industrial vehicles, valued at KRW 37 billion. The vehicles will be delivered to Algeria in stages by August of this year.

The massive order was achieved by proposing equipment tailored to Algeria's local operating environment, backed by a stable parts supply and competitive services.

The order comprises 10-, 25-, and 30-ton forklifts built for heavy material handling and transport at large-scale construction sites, including shipyards and ports. A high concentration of these large and ultra-large models drove up both revenue and profitability.

In the Middle East, the company also secured consecutive supply contracts for industrial vehicles valued at KRW 4 billion.

These deals include an order for approximately 50 small and medium-sized forklifts from a UAE-based automotive parts company, alongside about 40 units from a logistics center operator in Syria.

To sustain this growth, the company is broadening its sales reach by targeting major operators in emerging markets with growing infrastructure investments.

Oh Byung-su, Executive Vice President of the Industrial Vehicle Division, noted, “This success validates our product edge and our capacity to deliver tailored project solutions. We will build on this momentum to capture more large-scale orders from key global clients.”

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■Photo Caption: A 30-ton ultra-large forklift supplied by HD Hyundai XiteSolution to Algeria.