DONGYANG HITECH

What DONGYANG HITECH does

DONGYANG HITECH Co., Ltd. (동양하이테크(주)) is a South Korean private manufacturer founded in 2004 and headquartered at 132-41 Ogok-ro, Chirwon-eup, Haman-gun, Gyeongsangnam-do. The company produces fuel tanks and hydraulic tanks for construction equipment — small, medium, and ultra-large excavators as well as wheel loaders, backhoe loaders, and forklifts — through a fully in-house "NON-STOP PROCESS" covering Fiber Laser cutting, CNC bending, robot welding, leak testing, surface pretreatment, painting, assembly, and shipping inspection. It operates a corporate-affiliated research institute established in 2017 and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001 certifications, along with Root Enterprise and Root Technology Specialist designations.

The company makes money primarily as a Tier-1 OEM hardware supplier, with Hyundai Construction Equipment as its named anchor customer since a 2015 strategic selection and Hyundai Rotem added in 2020 for locomotive fuel tanks. Revenue is generated through quote-based B2B hardware sales of finished tank assemblies and components, complemented by CKD (Completely Knocked Down) export shipments to markets including Brazil, Bangladesh, and Japan for local assembly. Go-to-market is direct OEM relationship-driven, supplemented by participation in government-supported export voucher programs and trade delegations (including a South America automotive machinery parts delegation in 2019–2021). The company has received recognition as a Gyeongnam Regional Star Enterprise (2021) and a Global Strong Enterprise by Korea's Ministry of SMEs and Startups (2023), reflecting sustained capability-building rather than rapid scaling.

Name

DONGYANG HITECH

Legal name

동양하이테크(주) [DONGYANG HITECH Co., Ltd.]

Website

https://dongyanghitech.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

DONGYANG HITECH is a South Korean OEM manufacturer of fuel tanks and hydraulic tanks for construction equipment such as excavators and wheel loaders, supplying Hyundai Construction Equipment and exporting CKD shipments to Brazil, Bangladesh, and Japan.

Ownership category

akta.pro rank

Product category

Construction Equipment Parts

NAICS

Construction Machinery Manufacturing (33312)

SIC

Construction Machinery & Equip (3531)

akta.pro primary industry

Construction Equipment Vehicle Manufacturing (Earthmoving/Loaders/Excavators/Dozers) (IMACAFAA)

Keywords

• Fuel tank manufacturing
• Hydraulic tank production
• Construction equipment parts
• OEM metal fabrication
• Heavy machinery components

Headquarters

HQ city

Haman

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. OEM Supply to Construction Equipment Manufacturers: DONGYANG HITECH manufactures fuel tanks and hydraulic tanks as OEM components for construction equipment companies including Hyundai Construction Equipment. The company was selected as a strategic tank supplier to Hyundai and provides both finished assemblies and components.
2. CKD Export: Completely Knocked Down (CKD) tank shipments exported to international markets including Brazil (Brazil CKD Tank research) and Bangladesh for local assembly operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

DONGYANG HITECH manufactures fuel tanks and hydraulic tanks as OEM components for construction equipment OEMs such as Hyundai Construction Equipment. The company operates a complete in-house NON-STOP PROCESS covering cutting, bending, robot welding, leak testing, surface pretreatment, painting, assembly, and shipping inspection. It also exports CKD (Completely Knocked Down) tank kits to markets including Brazil, Bangladesh, and Japan.

Product overview

DONGYANG HITECH is a construction equipment parts manufacturer specializing in FUEL TANK and HYD TANK production for heavy machinery. The company operates a 'NON-STOP PROCESS' manufacturing system where all major production stages are conducted in-house. Their product portfolio consists of four main product lines categorized by equipment size: Small Excavator FUEL TANK & HYD TANK, Medium Excavator FUEL TANK & HYD TANK, Wheel Loader FUEL TANK & HYD TANK, and Ultra-Large Excavator FUEL TANK & HYD TANK. These products serve excavators, wheel loaders, backhoe loaders, and forklifts. The production process encompasses cutting, bending, robot welding, leak testing, surface pretreatment, painting, assembly, and shipping inspection.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Excavator FUEL TANK & HYD TANK Fuel tank and hydraulic tank components specifically designed and manufactured for small-sized excavators, including manufacturing, painting, and assembly. Sold as OEM components to construction equipment manufacturers.
• Medium Excavator FUEL TANK & HYD TANK Fuel tank and hydraulic tank components for medium-sized excavators, featuring full in-house production from manufacturing to assembly. Sold as OEM components to construction equipment manufacturers.
• Wheel Loader FUEL TANK & HYD TANK Fuel tank and hydraulic tank components for wheel loaders and other construction equipment such as backhoe loaders and forklifts, produced through the complete in-house manufacturing process. Sold as OEM components.
• Ultra-Large Excavator FUEL TANK & HYD TANK Fuel tank and hydraulic tank components designed for ultra-large excavators, manufactured with full in-house production capabilities including painting and assembly. Sold as OEM components to construction equipment manufacturers.

Quantifiable outcome

• 30% quality improvement target
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Hyundai Rotem (현대 로템)coreStrategic or Co-development Partner · 1 January 2020DONGYANG HITECH registered as a cooperation partner with Hyundai Rotem in 2020 to participate in locomotive fuel tank (기관차 연료탱크) business. This partnership involves new product development and supplier registration for export business with Hyundai Rotem.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Hwashin Co., Ltd. Korean manufacturer of press-formed and welded metal components for vehicles and industrial equipment. Directly comparable to DONGYANG as a Korean tier-1 metal-fabrication supplier serving OEM customers with similar stamping, welding, and assembly capabilities.
• Modine Manufacturing: US-based manufacturer of thermal management and fluid handling products, including tanks and reservoirs for heavy equipment and commercial vehicles. Comparable to DONGYANG as a fabricator of fuel and hydraulic tanks for off-highway and construction equipment OEMs.
• Sungwoo Hitech: Korean automotive/industrial parts metal fabricator supplying chassis and structural components to OEMs. Comparable to DONGYANG as a tier supplier using in-house metal forming, welding, and surface treatment processes for vehicle platforms.

Broad incumbents

• LS Mtron: Korean construction equipment and industrial machinery manufacturer with related OEM sourcing needs. Adjacent incumbent that shares the Korean construction equipment supply chain ecosystem with DONGYANG.
• HD Hyundai Construction Equipment: DONGYANG's anchor customer and one of the world's largest construction equipment OEMs. Included as a peer because DONGYANG's revenue trajectory is structurally tied to HCE's volume, and tank sourcing dynamics within HCE frame the addressable opportunity.
• Komatsu: Major global construction equipment OEM with large-volume sourcing requirements for fuel and hydraulic tanks. Relevant as an incumbent peer that defines quality, scale, and qualification benchmarks for tier-1 tank suppliers.
• Doosan Bobcat: Global construction and compact equipment OEM competing with HCE in excavators, loaders, and skid steers. Relevant as an alternative OEM target for tank supply and as a benchmark for Korean competitive positioning.
• Caterpillar: Global leader in construction and mining equipment. Included as a benchmark incumbent — represents a potential expansion target for DONGYANG's tank technology into global OEM platforms beyond the Korean ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DONGYANG HITECH