Doosan Infracore sold over 4,000 units of construction equipment in South Korea last year, up 18 percent from 2019 on the increased use of excavators in construction sites and enhanced safety regulations.
It marked the highest sales for South Korea's top construction equipment maker in 10 years since 2011.
Doosan Infracore's rivals, Hyundai Construction Equipment Co. and Volvo Construction Equipment are also expanding their presence in South Korea.
The company also sold 18,686 excavators in China last year, up 20 percent from 15,270 units in 2019.
Doosan Infracore has launched 13 kinds of excavators for the local market this year.
Global shipbuilding giant Hyundai Heavy Industries Holdings Co. has signed an initial deal to buy Doosan Infracore from its cash-strapped parent, Doosan Heavy Industries & Construction Co.


Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Google Secures Pentagon AI Deal for Classified Projects
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 



