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Home arrow News arrow Business News arrow Doosan Infracore to set up excavator manufacturing plant in India by 2012
Doosan Infracore to set up excavator manufacturing plant in India by 2012 Print E-mail
Written by Arjun   
Tuesday, 01 December 2009
Bangalore: Korean construction equipment manufacturer, Doosan Infracore plans to set up a manufacturing plant in India for it's 20 ton class machines by 2012. The company plans to invest approximately 50 to 60 million US$ to set up the plant. It is most likely to come up in the southern region, close to Chennai.

According to H. E. Ahn, Managing Director & CEO of Doosan Infracore, the company is in discussions with SIPCOT (State Industries Promotion Corporation of Tamil Nadu). "We will start setting up the plant in the second half of 2011 and it should be operational by 2012," he said.

H. E. Ahn, Managing Director & CEO of Doosan InfracoreThe plant is expected to have capacity to manufacture 2500 machines per annum. In addition to catering to the domestic market, the plant will also cater to the export market. Initially it will manufacture Doosan's 20 ton class machines, the SOLAR225 excavator.

"We are diligently looking for local suppliers," H. E. Ahn said. The company has already appointed 2 people to work on sourcing activities.

All major components will be imported. The metal fabrication work will be done locally. Components like booms, arms, buckets, crawlers etc will be manufactured in India.

"We are looking at a long term relationship with the vendor or customer. We want to grow together. Over forty percent of our customers are repeat customers. Our key strategy is product support. We have more service field engineers than sales men. In China we are No.1 and sell 18,000 machines every year," he added.

Doosan Infracore currently sells around 200 machines (construction equipment) a year in India. The company aims to double this number and expects to sell 400 machines by next year. "We are carrying over 50 to 60 machine orders to next year," H. E. Ahn said.

"We also have a Research and Development center in India, at Bangalore, with 30 people working there. The R&D center here supports the R&D centers in China and Korea as well," he added.

Last Updated ( Tuesday, 01 December 2009 )
 
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