GIPC announces that Hyundai has selected Ghana as one of its distribution hubs for Western & Central African markets

July 31, 2024 / Comments (0)

The Ghana Investment Promotion Centre (GIPC) has announced that Hyundai Infracore, a Korean-based manufacturer of Devlon heavy-duty trucks and earth-moving machines for the construction and mining industries, has chosen Ghana among other African countries) as its distribution hub for its Western and Central African markets.

The other countries include Nigeria, Senegal and Cote d’Ivoire.

The company cited political stability and safety as two major reasons for their decision, the GIPC said.

As a first-time entrant into Africa, the company has set up strategically in Ghana to provide prompt equipment delivery and aftersale services for its clients dotted across the continent.

The company plans to establish an assembly plant in partnership with one of the technical universities in Ghana to provide skills and knowledge transfer, as well as jobs for the youth.

“Hyundai Infracore is a subsidiary of HD Hyundai Group, a global producer of container vessels, chemical and construction power plants.”