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Hyundai Heavy Bids for Doosan Infracore

Hyundai Heavy Bids for Doosan Infracore

SEOUL, Sept. 28 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. said Monday it has joined the preliminary bidding for Doosan Infracore Co. “This company has submitted its preliminary bid for Doosan Infracore,” the shipbuilding holding company said in a regulatory filing. Hyundai Heavy Industries Holdings formed a consortium with Korea Development Bank Investment, a [...]

Doosan Infracore to Develop Virtual Building Simulator

Doosan Infracore to Develop Virtual Building Simulator

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s No. 1 construction equipment maker Doosan Infracore Co. said Thursday that it will cooperate with a video game software development company to develop a virtual construction process simulator. The simulator will help raise the efficiency of construction work management and prevent mistakes in mapping out construction work [...]

Pandemic Recovery in China a Boon for Korean Construction Equipment Makers

Pandemic Recovery in China a Boon for Korean Construction Equipment Makers

SEOUL, May 20 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are set to bask in increased sales in China as the world’s No. 2 economy is ramping up efforts to rebound from the coronavirus outbreak, industry data showed Wednesday. Doosan Infracore, South Korea’s No. 1 construction equipment maker, sold [...]

Doosan Infracore Unveils High-tech Control System for Construction Sites

Doosan Infracore Unveils High-tech Control System for Construction Sites

SEOUL, Nov. 20 (Korea Bizwire) — Doosan Infracore Co., South Korea’s leading construction equipment maker, on Wednesday introduced a comprehensive control system for the management of construction sites with unmanned and automated technologies. Doosan Infracore demonstrated “Concept-X” at its test center in Boryeong, South Chungcheong Province, 140 kilometers south of Seoul, with officials from Bosch, [...]

Doosan Infracore Profit Expected to Hit Record High in 2018

Doosan Infracore Profit Expected to Hit Record High in 2018

SEOUL, Feb. 5 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, is forecast to have racked up record earnings last year, aided by increased sales of excavators in China and emerging markets, industry sources said Tuesday. According to industry data compiled by market researcher FnGuide, the company is forecast to have [...]

S. Korean Firms Bask in China’s Excavator Market Boom

S. Korean Firms Bask in China’s Excavator Market Boom

SEOUL, Jan. 15 (Korea Bizwire) — South Korean companies, led by Doosan Infracore Co., logged robust sales in China’s excavator market last year as the world’s No. 2 economy increased spending on infrastructure, industry sources said Tuesday. According to the data provided by Eugine Investment & Securities, Doosan Infracore, South Korea’s No. 1 construction equipment [...]

Korea Fair Trade Commission Fines Doosan Infracore for Taking Advantage of Suppliers

Korea Fair Trade Commission Fines Doosan Infracore for Taking Advantage of Suppliers

SEOUL, Jul. 24 (Korea Bizwire) — The Korea Fair Trade Commission revealed yesterday that Doosan Infracore, the construction machinery manufacturing arm of the conglomerate Doosan Group, was fined 379 million won for the theft of technology owned by a supplier after an attempt at imposing lower prices for products supplied by its subcontractor. The commission’s [...]

Doosan Infracore Posts a 15 pct Jump in China Excavator Sales

Doosan Infracore Posts a 15 pct Jump in China Excavator Sales

SEOUL, Mar. 14 (Korea Bizwire) — Doosan Infracore Co., the heavy equipment unit of Doosan Group, said Wednesday the sales of its excavators jumped 15 percent in the January-February period from a year earlier on growing construction projects. In the first two months, the heavy equipment company sold a total of 1,728 excavators, up from [...]

Doosan Infracore Enjoys Extended Brisk Sales in Chinese Market

Doosan Infracore Enjoys Extended Brisk Sales in Chinese Market

SEOUL, Nov. 13 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, continued to expand its presence in China’s excavator market, as the world’s No. 2 economy increased spending on infrastructure, industry sources said Monday. According to observers, Doosan Infracore sold 769 excavators in China last month, almost doubling from a year [...]