Establishment of Samsung Heavy Industries Co., Ltd.
Initiation of the Construction Equipment Business. The Construction Equipment Division was acquired from Korea Heavy Industries & Construction Co., Ltd.
Launch of the self-developed excavator MX8.
The new hydraulic components plant is established.
Launch of the self-developed wheel loader LX25.
Launch of the new series 3 excavators.
Samsung Heavy Equipment in Korea was acquired by Volvo Construction Equipment.
The name was changed to Volvo Construction Equipment Korea Ltd.