SEOUL, Nov. 3 (Korea Bizwire) — Doosan Infracore Co. said Tuesday its Chinese unit has produced its 200,000th excavator in the country. The accumulated output came 26 years after South Korea’s leading construction equipment maker entered the Chinese market in October 1994, the company said in an emailed statement. The Chinese excavator market is expected [...]
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 [...]
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 [...]
SEOUL, July 6 (Korea Bizwire) — Doosan Infracore Co. is estimated to have suffered weak performances in the second quarter of the year due to the impact of the coronavirus pandemic, a survey showed Monday. According to the survey on five analysts by Yonhap Informax, the financial news arm of Yonhap News Agency, South Korea’s [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]