HD Hyundai Infracore Co., Ltd., formerly known as Doosan Infracore, is a South Korean company that manufactures construction equipment and commercial and military engines. It is one of the largest construction equipment manufacturers by sales revenue.[2] Doosan Infracore was acquired by HD Hyundai (former Hyundai Heavy Industries Group) in 2021. The brand name Develon has been used since 2023.
History
Daewoo Heavy Industries
Daewoo Heavy Industries was founded in 1937 as Chosun Machine Works when Korea was under Japanese rule.[3] After Japan's withdrawal from Korea, the company was nationalized by the government and was transformed into a public company in 1963 as Hankook Machine Industrial. In 1969, Hankook Machine was privatized after being sold to Shinjin Group. In 1975, the company began producing diesel engines with financial support from the German government and technical collaboration with