Doosan Infracore boosts sales in S. Korea by 18% in 2020

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.