Exports of South Korea's two excavator makers Doosan Infracore Co. and Hyundai Construction Equipment rose 19 percent to US$200 million in December from the previous year ago, mainly due to a boom in China's construction market.
Excavator sales in China reached 292,864 units in 2020, increasing by 40 percent from 2019, according to the data provided by the China Construction Machinery Association.
The two excavator makers are expected to sustain their steady rise of shipments to China this year.
Kim Hong-gyun, an analyst at DB Financial Investment, noted that following China's policy of boosting its economy, the volume of its civil engineering and construction market is forecast to grow this year, increasing excavator sales.
Kim added that the high season of excavator sales in China may begin from the second week of February after China's Lunar New Year holiday.
In December, Doosan Heavy Industries & Construction Co. signed an initial deal to sell its stake in Doosan Infracore to with Hyundai Heavy Industries Holdings Co., the parent of Hyundai Construction Equipment.


Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 



