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

SEOUL, May 22 (Korea Bizwire) – South Korean companies, led by Doosan Infracore Co., are witnessing robust sales in China’s excavator market as the world’s No. 2 economy increased spending on infrastructure, industry sources said Saturday. According to the data provided by NH Investment & Securities Co., a total of 13,673 excavators were sold in China in April, more than doubling from a year earlier. In the case of Doosan Infracore, South Korea’s top construction [...]