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.
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