Doosan Infracore plans sale of its machine tool business

Home > Business > Industry

print dictionary print

Doosan Infracore plans sale of its machine tool business

Doosan Infracore said Tuesday it will sell its machine tool business part including its management rights as part of its works to improve financial structures. As of the first half, the debt ratio for the machinery manufacturer under Doosan Group was 280 percent, and completing the sell off is expected to lower the rate by half, the company said. Doosan said there are many potential buyers since the business is considered desirable, reporting an average of 10 percent of operating profit rate. “Strategic and private equity fund investors are considering acquiring the business,” said a Doosan spokesman.

More in Industry

Buffet restaurants adapt to pandemic by nixing the buffets

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now