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Doosan Infracore inks MOU on excavator upper structure supply deal

Industry 11:23 January 08, 2019

SEOUL, Jan. 8 (Yonhap) -- Doosan Infracore Co., South Korea's leading construction equipment maker, said Tuesday that it has inked a memorandum of understanding with a Chinese firm to supply 1,200 upper structures used for excavators over the next five years.

The deal is estimated at some 250 billion won (US$223 million), according to Doosan Infracore.

China is one of the major markets for Doosan Infracore.

The company sold a total of 13,255 excavators in China through October last year, a sharp rise from the previous year's 8,650 units.

This photo provided by Doosan Infracore Co. shows its excavator working on a construction site in Europe. (Yonhap)

sam@yna.co.kr
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