Saturday, March 25, 2023
Visions Journal
  • Automotive
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Real Estate
  • Shopping
  • Tech
  • Travel
No Result
View All Result
  • Automotive
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Real Estate
  • Shopping
  • Tech
  • Travel
No Result
View All Result
Visions Journal
No Result
View All Result

Doosan Infracore Steps Up 2nd Production Base in Mainland China Completed

by Fenix Nalin
11 months ago
in Business
2 min read
0
Doosan Infracore Steps Up 2nd Production Base in Mainland China Completed
Share on FacebookShare on Twitter

The 26th of October 2021 was a momentous day for Doosan Infracore as the manufacturer held a ceremony on the account of completing the manufacturing facility in Suzhou is completed. The completion of the plant automatically pushed Doosan into a leading position within the spectrum of the Chinese small market due to the lower cost of producing these machines in the Suzhou plant.

The plant in Suzhou, Jiangsu, China announced that the production of small excavators in China has been officially initiated in this plant providing Doosan with adequate competitive advantage in the form of price leadership. The Suzhou plant focuses on the rapidly rising demand for small excavator hire services as China shifts its infrastructure gear into high in the aftermath of COVID 19 which has impacted the entire heavy machine industry. Both the Suzhou plant and the Yantai plant which rolls out medium and large excavators will specifically target not just the Chinese excavator market, but also other emerging markets in the Asian region.

According to details obtain during the ceremony the Suzhou plant encompasses an approximate area of about 240,000㎡. Doosan Infracore subsidiaries DICI and DICC have invested 25 % and 75 % respectively amounting to 72.9 billion in the construction of the plant. The newly plant has the capacity to produce approximately 10,000 excavator units which is expected the demands of the current market conditions. The plants second installation will increase the production capacity by an additional 4,000 units. The strategic move by Doosan was a proactive business decision based on the opinions of market observer. China has been on a ‘rapid progress’ mode for over a decade and its momentum has not dampened even in the wake of the COVID 10 pandemic.

The entire initiative would enable Doosan Infracore to not just capture the rapidly expanding mini excavator market, but also achieve price leadership within the southern region of China. Price advantage via lowering distribution and production costs will assist the company securing the currently observed annual 34% average growth that has been consistent for five consecutive years. From the total 34 % of the excavator market growth, mini excavators accounted for 33% of the entire Chinese excavator market that has been on a climb since 2010.

Most of the demand has been driven by the republic’s government’s urbanization project that focuses on rural related policies that has been ongoing for over a decade. A 10% annual growth rate is still expected within the spectrum of the mini excavator rental market over the next few years. Doosan has been observed to be strengthening its position in the Chinese market gradually by placing focus on the niche aspects of the industry and the Suzhou plant is a bold, but low risk move that would dominate the supply chain.

Among those who attended the event included the Chairman of Doosan Group, Yong Hyun Park, Doosan Infracore’s Construction Equipment president, the CEO of Doosan Infracore, Yong Sung Kim, and Zhiping Yang who is the Vice Mayor of the Suzhou Industrial Park Management Committee.

Related Posts

NJ Ayuk Focuses On Finding Affordable Energy Solutions in Africa 
Business

NJ Ayuk Focuses On Finding Affordable Energy Solutions in Africa 

March 2, 2023

NJ Ayuk is a professional lawyer focused on improving the lives of millions of people in Africa, his home country....

Stuck and Solved: How Renegade Wireline Services is Mastering Stuck Pipe Logging
Business

Stuck and Solved: How Renegade Wireline Services is Mastering Stuck Pipe Logging

January 30, 2023

Stuck pipe logging is one of the most tricky and complex challenges oil and gas operations face during wellbore operations....

Benefits of making fashion stylist your career
Business

Benefits of making fashion stylist your career

May 19, 2022

A fashion stylist is a person who collaborates with brands and dresses people by putting together clothes and accessories for...

The difference between FX and futures trading in Denmark
Business

The difference between FX and futures trading in Denmark

February 12, 2022

So you've decided to diversify your portfolio and invest money in a Danish financial product. Good choice! There are many...

Next Post
A guide to SEO success for beginners

A guide to SEO success for beginners

Recent Posts

  • NJ Ayuk Focuses On Finding Affordable Energy Solutions in Africa  March 1, 2023
  • Mattress cleaning: tips from professional cleaners February 20, 2023
  • More Than 90,000 Children Benefit From the Rinat Akhmetov Foundation’s New Year’s Campaign February 17, 2023
  • Stuck and Solved: How Renegade Wireline Services is Mastering Stuck Pipe Logging January 19, 2023
  • How can you prevent your dog from getting depressed? December 7, 2022
  • These Tips Will Help You Improve Your Credit Score November 9, 2022
  • Knowing the Demat Account Charges in India October 26, 2022
  • Can You Do Home Automation Without Google or Amazon August 19, 2022

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • Mail Us

© 2020 Visions Journal - All Rights Reserved.

No Result
View All Result
  • Automotive
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Real Estate
  • Shopping
  • Tech
  • Travel