SEOUL, March 12 (Korea Bizwire) — South Korean excavator manufacturers are enjoying brisk sales in China and emerging markets this year on China’s pump-priming policy to cope with the coronavirus pandemic and increased prices of raw materials. Doosan Infracore Co. sold 1,754 units in China in February, rising more than three times from a year [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s two excavator makers are expected to see a steady rise in their shipments to China this year thanks to a boom in the neighbor’s construction market, according to industry watchers Sunday. “The Chinese government’s policy to boost the economy is forecast to expand the volume of the [...]
SEOUL, May 26 (Korea Bizewire) — South Korean construction equipment makers, including industry leader Doosan Infracore Co., have stopped production at their local plants due to weak exports to Europe and North America, industry sources said Tuesday. Doosan Infracore’s board of directors have decided to halt production at its two plants till early next month. [...]