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Press Release
On June 5th, Doosan Bobcat announced that it had expanded facilities in the Chennai factory to support production of a mini excavator and held an inauguration ceremony on the 4th (local time).
The inauguration ceremony brought together esteemed global executives, including Doosan Bobcat CEO and vice chairman Scott Park and Hyungwon Park, president of Doosan Bobcat Asia, Latin America, and Oceania.
After approximately nine months of construction, Doosan Bobcat completed the expansion of a mini excavator production facility spanning 11,300 square meters within the existing Chennai factory site.
Mass production of mini excavators is scheduled to start next year after installation and stabilization of the production line. Doosan Bobcat India(DBIN) aims to sell 8,900 units of equipment annually by 2028, including existing products such as the backhoe loader and skid-steer loader, the newly added mini excavators and portable power products manufactured at the Bengaluru factory. This goal represents a nearly twofold increase in sales volume compared to the previous year for DBIN.
Doosan Bobcat inaugurated the Chennai factory in 2019 and has been producing backhoe loaders. The Chennai factory is the sole global production base for Doosan Bobcat's backhoe loaders, and it has been expanding its product lineup by manufacturing the smallest skid-steer loader 'S70' since last year, significantly increasing its export volume. As a result, DBIN has shown a compound average annual growth rate of 22% in sales revenue (in Indian Rupees) over the past five years.
Scott Park stated, "India is a key region that will propel Doosan Bobcat’s future growth, and the Chennai factory will leap to become a ‘global manufacturing hub’ based on the quality that meets global standards.”
▲Doosan Bobcat CEO and Vice Chairman Scott Park(fourth from the left) and ALAO President Hyungwon Park(fifth from the left) are capturing a moment of collective achievement, the inauguration of the expansion of the Chennai plant, in a commemorative photo.
▲Doosan Bobcat CEO and Vice Chairman Scott Park(fourth from the left) and ALAO President Hyungwon Park(third from the left) are checking the operations at the Chennai plant.
