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Hyundai Heavy picked as preferred bidder for Doosan Infracore Posted : 2020-12-11 11:40 Updated : 2020-12-11 11:40 Hyundai Construction Equipment, an arm of Hyundai Heavy Industries Group, said Dec. 9 they sold a $40 million deal to rising foreign markets, including 30-ton excavators to Russia, shown above. Courtesy of Hyundai Construction Equipment South Korea s power plant builder Doosan Heavy Industries Construction Co. said Thursday that it has tapped a consortium led by Hyundai Heavy Industries Holdings Co. (HHIH) as the preferred bidder for the sale of its 35.4 percent stake in Doosan Infracore Co. Doosan Heavy Industries Construction said in an emailed statement it will conclude the deal with the consortium led by HHIH to sell its entire stake in Doosan Infracore. It did not provide a specific time frame.

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