 Doosan Infracore Construction Equipment has reported a positive result for Q2 2010. |
Doosan Infracore Construction Equipment (DICE), which manufactures Bobcat and Dieci telehandlers, has reported a "very successful" second quarter.
Doosan says despite depressed conditions in many world markets in 2009, its business growth has remained positive worldwide.
The second quarter of 2010 has seen a 126% increase in sales from last year's KRW278 billion (USD234 million) to KRW630 billion (USD531 million). Much of the growth came from China and Korea. No telehandler sales figures are available.
Sales from emerging markets like the Commonwealth of Independent States, India, Latin America and the Middle East and Oceania climbed by 238% to KRW126 billion (USD106 million) from last year's KRW37.3 billion (USD31 million). In the second quarter, the emerging markets represented 20% of Doosan's global sales.
DICE showcased several new products including its new high-capacity telehandler range and new rotary telehandler range at Bauma 2010 in Munich, Germany in April.
Anthony C Helsham was also appointed CEO of DICE in April after a 30-year career at Volvo, serving as CEO of Volvo Construction Equipment from 2000 to 2008, and previously as head of its Korean operations from 1998 to 2000.
DICE manufactures equipment under the Doosan, Bobcat, Ingersoll Rand, Doosan Moxy and Montrabert brands. This year, it announced that it is partnering with Dieci srl to supply high-capacity Dieci telehandlers rebadged as Doosan
(Forkliftaction.com News #459).