Press Release

Doosan Industrial Vehicle (DIV), a material handling equipment manufacturing subsidiary of Doosan Bobcat, announced on the 18th that the company is investing 30 billion won (USD 23 million) in order to enhance its working environment and production efficiency.

On the 17th, DIV held a groundbreaking ceremony for the construction of a new office building at its headquarters in Dong-gu, Incheon, Korea and announced its investment plan at the event, which includes the establishment of a welfare center, the construction of parking facilities, improvement of the logistics flow, and enhancement of its manufacturing processes, in addition to the construction of a new office building.

DIV is a Korea's leading material handling equipment manufacturer, having started producing forklifts for the first time in the country in 1968. As the current office building of the Incheon headquarters was built back in 1986, a recent survey of employees conducted in March of this year drew many opinions regarding the aging facilities and the lack of work/rest areas in the building. As such, DIV has decided to build a new office facility to improve the working environment of its employees and to secure enough space for its mid- to long-term recruitment plan.

The new office building at the Incheon plant is scheduled for completion by the end of next year. With a total floor area of about 5,300 square meters (57,000 square feet) from the first basement floor to the fourth floor, five floors in total, the building will comprise office spaces, an exhibition space, a cafeteria, reception rooms, a rooftop rest area, and a remote office that will be used by workers visiting from other regions such as Dongdaemun and Bundang.

“The new office building will be built to the same standards as the Bundang Doosan Tower, which opened in 2021 in all respects, including energy efficiency, amenities, rest areas, and office equipment,” declared an official of the company. “We expect our work efficiency and employee welfare to improve significantly as the many departments previously dispersed across the plant will all move into the new building.”

Along with the construction of the new office building, DIV will also proceed with relocating of the equipment in the plant. The company plans to further increase production efficiency by moving some functions out and improving the logistics and manufacturing flows within the premises.

Since acquiring DIV in July 2021, Doosan Bobcat has accomplished remarkable synergies and made significant achievements across multiple fields, such as strengthening its cost competitiveness, diversifying its sales channels, increasing its production capacity, and enhancing its management efficiency by integrating its regional organizations. DIV Incheon plant’s production capacity increased by 20% in just one year, from 20,000 units in 2021 to 24,000 units in 2022, while its sales grew by 40% year-on-year to reach KRW 1.3 trillion, the highest sales figure it has ever recorded.

“It’s all thanks to the hard work of our executives and staff that DIV was able to achieve the greatest business performance in its 55-year history last year,” declared Hyungwon Park, president of Doosan Bobcat ALAO (Asia, Latin America, and Oceania) region, at the groundbreaking ceremony. "The company will continue striving to establish an environment that is conducive to the happiness and safety of its employees," Park added.