Doosan Bobcat to expand plant in Statesville, North Carolina

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Doosan Bobcat to expand plant in Statesville, North Carolina

 Small-sized construction equipment maker Doosan Bobcat said Tuesday that it will spend 77 billion won ($68.6 million) to expand one of its U.S. plants in a bid to meet growing demand.
  The plant located in Statesville, North Carolina, produces compact tractors and portable power stations, or compact battery-powered generators, Doosan Bobcat said.
  The expansion is aimed at meeting steadily increasing demand for grounds maintenance equipment (GME), such as ride-on mowers and hedge cutters, the company said.
Sales of GME rose 98 percent to $327 million in 2020 compared with $165 million in 2019, it said.
  The expansion will be completed by May 2022.
  Last month, Doosan Bobcat finished the $26 million expansion of another plant in Litchfield, Minnesota.
  The small-sized construction machinery maker said it has also released a small articulated loader for narrow spaces in the markets of Europe, the Middle East and Africa.
  Doosan Bobcat, a unit of Doosan Heavy Industries & Construction, has been pushing for new business to produce compact tractors and farming and landscaping equipment, including mowers, since 2018.
  The company bought a forklift business division from Doosan Corp. for 750 billion won in March to tap into the forklift market from the second half of the year.
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