Hyundai Heavy Industries and Scania Announce Partnership

Scania (STO:SCVA) (STO:SCVB) will supply engines for next-generation large excavators and wheel loaders made by Hyundai Heavy Industries’ Construction Equipment division, under a new partnership.

The partnership involves Scania supplying engines from its complete range of 9-, 13- and 16-litre models. A particular focus will be on meeting what is currently the most stringent emission standard, Tier 4f. Equipment that meets Tier 2 and Tier 3 emission standards will also be introduced.

The first piece of Scania-powered Hyundai construction equipment to be launched will be the HX520 excavator. It is powered by a 13-litre Scania Tier 4f engine capable of producing 331 kW.

Per Nielsen, Key Account Manager at Scania Engines, says the HX520 excavator is launched at the Intermat construction industry trade fair in Paris.

"We are very pleased to announce this partnership with Hyundai Heavy Industries,” he says. "We have worked very closely with Hyundai during the development phase. We have adapted our engines to suit Hyundai’s equipment, with a major focus on fuel economy, efficiency and total cost of operation.”

Three further excavator models powered by Scania engines will be launched: the HX480, powered by a 13-litre engine, and the HX700 and HX900, both powered by a 16-litre V8 engine. Two wheel loader models will also be launched: the HL970 and the HL980, which are powered by a 9-litre and a 13-litre engine, respectively.

Hyundai Heavy Industries chose Scania engines for their reliability and durability and expects to benefit from improved performance and quality, resulting in increased sales of its excavators and wheel loaders. The company also anticipates improved fuel efficiency (2%~10%) depending on the mode of operation.

About Hyundai Heavy Industries (HHI) Hyundai Heavy is one of the leading construction equipment manufacturers in the world. The Company has business divisions specializing in shipbuilding, offshore and engineering, industrial plant and engineering, engines and machinery, electro electric systems, green energy, and construction equipment.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also offers financial services. Employing some 42,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2014, net sales totalled SEK 92.1 billion and net income amounted to SEK 6 billion. Scania’s press releases are available on www.scania.com (http://www.scania.com/se)

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