Doosan Bobcat starts a global cooperation center in the U.S.Doosan Bobcat, a construction equipment unit of Doosan Group, said Sunday it set up a center in the United States for business cooperation across the globe.
The Global Cooperation Center built in Minnesota will serve as the “control tower,” which will develop new products and share the company’s business strategies with its global business headquarters, Doosan Bobcat said in a statement.
The company expects the center will help enhance its price competitiveness in global markets and research and development capabilities, it said.
On the same day, Doosan Bobcat announced it will invest $26 million in its Minnesota plant for the expansion of small loaders and excavator attachment assembly lines.
Doosan Bobcat is 51 percent owned by Doosan Infracore, a leading construction heavy equipment maker in Korea.
In 2007, Doosan Infracore acquired Bobcat and other construction equipment units from North Carolina-based Ingersoll Rand PLC for $4.9 billion.
Doosan Bobcat now has four manufacturing plants: in the United States, the Czech Republic, China and India. It builds compact construction equipment, such as excavators and loaders. Seventy percent of them are sold in North American markets, with 20 percent and 10 percent sold in the European and Asian markets, respectively.