Doosan is the new name for Daewoo in the European market. Doosan is a South Korean heavy engineering corporation.
Doosan Infracore is a South Korean company, the former Daewoo Heavy Industries & Machinery. In April 2005 Doosan acquired Daewoo Heavy Industries & Machinery and renamed it as Doosan Infracore, combining it along with local manufacturing firms for excavators, forklift trucks, and construction systems, Doosan Infracore also has a worldwide dealer network comprised of more than 900 dealers and agencies in the U.S., UK, Germany, China, India, Japan, and Brazil. Doosan Infracore has established a holding company in China and has significantly expanded its Chinese operations.
The Doosan Infracore divisions include Construction plant, Machine Tools, Forklifts, Engines & Materials, and Defense Products. (from Doosan entry on wikipedia)
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- Doosan buys Moxy in Sept 2008.
- Doosan Infracore acquires Bobcat and the Attachments and Utilities business units in 2007 from Ingersoll-Rand.
The sale of Bobcat was announced in July of 2007 by Ingersoll Rand, (deal closed on 30-NOV-2007) to Doosan Infracore of South Korea for $4.9 billion. This was the largest foreign acquisition ever made by a South Korean firm.(from wiki IR entry)
- Current Model range
- Mini Excavator 8 models
- Crawler Excavators 29 models
- Wheeled Excavators 9 models
- Wheeled Loaders 11 models
- Skid Steer Loaders 5 models
- See the "Doosan" web site for full listing http://ce.doosaninfracore.co.kr/eng/Main.aspx
- Bobcat range still separate
Bobcat, Utility Equipment, and Attachments from Ingersoll-Rand in 2007.: As the world’s largest compact construction equipment business, Bobcat, Utility Equipment and Attachments business have an established network of over 2,700 dealers in the U.S. and Europe and operates 16 manufacturing plants in six countries around the world. In 2006 the three businesses generated approximately US$2.6 billion in sales and US$370 million in operating profits and currently maintain the highest world market share in their respective business sectors. The "Bobcat" name is well recognized worldwide as a leading construction equipment brand. Doosan Infracore's primary objective of the acquisition is to enhance its overall product portfolio by adding compact construction equipment to its existing medium and large-scale construction equipment product lines and to help expand and strengthen Doosan Infracore's global manufacturing and sales networks. The acquisition also provides Doosan Infracore with world-class technologies and brand names. Upon completion of this transaction, Doosan Infracore will have a combined network of over 3,700 dealers worldwide and 20 manufacturing plants in countries such as the U.S., China, Belgium, France and the Czech Republic. As a result, Doosan Infracore will be well positioned to become a market leader in the U.S., Europe, and China. Pro forma for the transaction, Doosan Infracore's sales will be approximately US$7.4 billion, which will improve the Company's worldwide ranking from 19th to 7th in the construction equipment sector.(from Doosan group entry on wikipedia)
References / sourcesEdit
Based on extract from Wikipedia page.
- Doosan Group English Web Site
- Doosan Heavy Industry English Web Site
- Doosan Infracore English Web Site
- Doosan Construction & Engineering
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