Doosan: A USD10 billion company by 2010

News Story
- 26 Jul 2007 ( #320 ) - SEOUL, Korea, Republic Of
1 min read
The D30S-5, which Doosan spokesperson KH Cho says is Doosan's most popular model.
The D30S-5, which Doosan spokesperson KH Cho says is Doosan's most popular model.
Doosan has introduced four new forklift models, the last in the Pro-5 Series that was launched in IMHX, Birmingham, early this year.

Doosan Infracore managing director CW Park says the Pro-5 Series, which is "stylish, safe, smart, stable and strong", represents the most technologically advanced forklifts for the South Korean manufacturer.

"These latest models are the result of over five years' work and include some of our most accomplished features like mast lock, automatic tilt levelling, active control technology and operator sensing system."

With mast lock, the forklift's lift and tilt function activates to lock the vehicle when the operator is not in the normal operating position. Auto tilt levelling is another safety feature that maintains the mast's vertical position when the mast tilts forward. Active control technology controls the travel speed when the forklift turns. The operator sensing system sounds an alarm when the forklift is parked but the brake not activated.

Doosan has grown since the company bought the Daewoo forklift business in 2005. According to Doosan, its forklift sales revenue for 2006 is almost USD500 million and its stock market value has risen by 400%.

Doosan Infracore spokesperson KH Cho says when the company acquired Daewoo forklifts in May 2005, its stock price was around KRW8,000 (USD8.75) per share. The stock price is now around KRW36,000 (USD39.39).

Park says the company continues its ambitious outlook.
"We see major growth opportunities in the BRICs (Brazil, Russia, India, and China) markets and will further develop our presence in Europe and the US.

"Our vision is a USD10 billion revenue organisation by 2010, with a 10% operating profit."

The new B16R, B45X, D80S and GC40S forklifts are available this month through Doosan's 400 dealers in 90-plus countries.
EP Equipment launches new range
EP Equipment launches new range 10 Oct 2024 - Hangzhou, China - 1 min read
Briggs adds Maximal range
Briggs adds Maximal range 9 Mar 2023 - Staffordshire, United Kingdom - 1 min read
Toyota halts IC shipments in US
Toyota halts IC shipments in US 27 May 2021 - Columbus, IN, United States - 3 min read
Previously about:
Hyundai and Doosan unite – and compete News Story - 2 Dec 2021 - Tessenderlo, Belgium - 1 min read
Doosan’s giant engine order News Story - 22 Apr 2021 - Seoul, Korea, Republic Of - <1 min read
Forklift manufacturers lead Yellow Table Top 50 News Story - 19 Apr 2012 - Wadhurst, United Kingdom - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

PREMIUM business

Combilift Ltd
Manufactures world class 4-way Handling Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Inside The News
This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!