- KRW 400 Billion Investment Boosts Production Capacity to Support Customer Demand in NA and Company Growth
Doosan Bobcat is expanding its production capacity to meet the demand for construction equipment in the North American market.
On November 8th, Doosan Bobcat announced that it will build a new manufacturing facility in Monterrey, Mexico, with an investment of approximately KRW 400 billion (US$300 million).
The Monterrey plant, which will be approximately 65,000 square meters in size, will produce Doosan Bobcat's M-Series compact loaders and supply them to North America. Meanwhile, the plant in Gwinner, North Dakota, U.S., which currently produces the product, will focus on producing the R-Series compact loaders.
Doosan Bobcat expects the Monterrey plant to become operational by early 2026. By establishing the new facility while optimizing production efficiency at existing ones, Doosan Bobcat will be able to boost its compact loader production capacity for the North American market by 20%, thereby enabling the company to respond more swiftly to market demand.
"Over the past five years, Doosan Bobcat has experienced rapid growth, doubling in size, and demand for our products continues to rise," declared Scott Park, CEO and Vice Chairman of Doosan Bobcat. "The increase in production capacity enabled by our new facility will serve as a foundation for sustained long-term growth."
Upon completion of the Monterrey plant, Mexico will become the eighth country to host a Doosan Bobcat production base, after South Korea, the United States, the Czech Republic, France, Germany, India, and China. Monterrey, an industrial city in Mexico, boasts an abundant skilled workforce and competitive labor costs. Situated near the U.S. border, it benefits from the U.S.-Mexico-Canada Agreement (USMCA).
▲Doosan Bobcat Mexico New Facility Rendering