Inside Hyundai’s Forklift Factory in Ulsan

Inside Hyundai’s Forklift Factory in Ulsan

In our last post, we shared day one of our dealer visit to Korea, at HD Hyundai’s Global R&D Center and Technical Center. On day two, Tuesday 3 November, our dealers travelled from Seoul to Ulsan on Korea’s south-east coast. Ulsan is home to HD Hyundai’s shipyard and to HD Hyundai XiteSolution’s Ulsan campus, where Hyundai builds forklifts.

Starting at the HD Hyundai Heavy Industries shipyard

Our first stop was the HD Hyundai Heavy Industries shipyard. We started at a lookout above the shipyard, then headed inside for a briefing from the HD Hyundai Heavy Industries team.

HD Hyundai Heavy Industries was founded in 1972 and describes its Ulsan shipyard as the world’s largest.

The shipyard is also part of the story of Hyundai forklifts. Hyundai Heavy Industries used to build Hyundai forklifts, and in 2010 it launched Korea’s first locally made 18-tonne forklift, a diesel model. This year, Hyundai began mass production of electric models from 10 to 18 tonnes, designed for heavy sites like shipyards.

Visiting the forklift factory at the Ulsan campus

Next, we headed to HD Hyundai XiteSolution’s Ulsan campus for a tour of the forklift factory. Before the tour, our dealers saw the PF30D, an early Hyundai forklift on display at the campus.

In June 2026, HD Hyundai XiteSolution completed an upgrade of the industrial vehicle plant at the Ulsan campus. The company says the plant can now build up to 24,000 industrial vehicles a year.

The upgrade brought industrial vehicle and component production together on one site, and the company says it has cut the time it takes to complete a product by 32 per cent. HD Hyundai XiteSolution has also set a goal of growing its industrial vehicle business to KRW 1.6 trillion in sales by 2030.

For customers, this matters because a forklift is a long-term purchase that often stays in service for many years. It helps to know the company behind it is investing in its forklift business for the years ahead.

Inside the plant, our dealers walked between rows of newly built Hyundai forklifts, from compact electric models to large diesel trucks like the 300D-9VC, built for markets around the world. That range means one brand can cover both warehouse work and heavy yard work.

Explore Hyundai forklifts

You can see the Hyundai forklifts available in Australia on our product page. To find out more, contact Hyundai Forklifts Australia or find your nearest dealer.