HD Hyundai XiteSolution, the intermediate holding company of HD Hyundai Construction Equipment, has secured a series of large-scale forklift supply deals in the Middle East and North Africa (MENA) region, according to a company announcement. The contracts involve the supply of multiple units of electric and internal combustion forklifts to various industrial and logistics customers.
The deals were finalized in early May 2026, with deliveries scheduled to begin in the third quarter of the same year. The company stated that the orders include models from its 1.5-ton to 10-ton capacity range, tailored to meet the specific needs of the region's growing warehousing and port operations.
This expansion into the MENA market aligns with HD Hyundai's broader strategy to increase its global footprint in material handling equipment. The company has been investing in local service networks and parts distribution to support these new contracts.
Financial terms of the deals were not disclosed. HD Hyundai XiteSolution did not provide specific customer names or the exact number of units involved.
