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.
Yonhap
with the Korea JoongAng Daily
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