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.
Telescoping forklift beam released to market
Telescoping forklift beam released to market 7 Aug 2025 - Wisconsin, United States - 1 min read
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
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

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

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

Forkliftaction's JOB MARKET