Doosan Bobcat Korea President Park Hyung-won, seventh from the left, takes a photo during a roll-out ceremony of Korea's first commercialized hydrogen fuel cell forklift, held at its production plant in Incheon on Monday.
Doosan Bobcat made an equity investment in a U.S. agriculture technology start-up, in a bid to further accelerate the automation of its compact equipment and industrial vehicles.
Doosan Group announced on Wednesday that the corporation will send around 1.25 billion won ($1 million) worth of Doosan Bobcat's construction equipment for disaster relief in Turkey.
Doosan Bobcat has completed the expansion of its Statesville plant in North Carolina, in an effort to meet the growing demand for tractors.
Doosan Bobcat will develop a hydrogen forklift with a yet-unnamed joint venture between Korea's SK E&S and U.S. Plug.
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.
Doosan Corp. reported 402.3 billion won ($360 million) in net profit in the first quarter from a 379.85-billion-won net loss in the same period last year on improved earnings at major subsidiaries.
Doosan Bobcat will start selling a redesigned version of its zero-turn mower, a type of riding lawnmower, in North America later this month.
Doosan Bobcat has started manufacturing small excavators in China, hoping to offer more affordable prices in the country and better reflect changes in the market.
Doosan Engineering and Construction is spinning off its construction unit as it tries to find a buyer.
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