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Doosan Infracore posts a 15 pct jump in China excavator sales

All Headlines 11:29 March 14, 2018

SEOUL, March 14 (Yonhap) -- Doosan Infracore Co., the heavy equipment unit of Doosan Group, said Wednesday the sales of its excavators jumped 15 percent in the January-February period from a year earlier on growing construction projects.

In the first two months, the heavy equipment company sold a total of 1,728 excavators, up from 1,497 units a year ago, as the Chinese government increases investment in construction projects, a company spokesman said.

During the same period, Chinese and international excavator companies sold a combined 19,270 units in China, up 7.9 percent from 17,854, he said.

In China's 130,000-unit heavy equipment market, Doosan Infracore competes with rivals, such as U.S. construction equipment firm Caterpillar Inc. and local companies.

Doosan Infracore earns 10 percent of its total sales from exports of its construction equipment to the neighboring country.

In 2017, it posted 6.568 trillion won (US$6.2 billion) in sales, up 15 percent from a year earlier. This year, it is aiming to achieve sales of 7.341 trillion won by boosting sales in emerging markets.

This photo, provided by Doosan Infracore, shows the mid-sized DX220LC-9C excavator at a construction site. (Yonhap)
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