HD Hyundai Infracore (KRX:042670) signed a deal to export 100 large excavators to Ethiopia, Pulse News reported Wednesday.
The 36-ton crawler-type excavators will be supplied to two undisclosed Ethiopian mining firms in phases in the first half of 2025. The company already sold 212 units of the same model in Ethiopia last year, the report said.
Shares of the construction equipment and engine manufacturer fell 1% 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.)