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Doosan Infracore Co., Ltd.
Doosan Infracore Co., Ltd. is a Korean producer of machines. It offers products and services through business areas including construction equipment, engine and forklift machines, and machine tools and factory automation systems. Its construction equipment includes excavators, wheel loaders, tower cranes and concrete pump trucks used for construction, plant engineering and transportation. Its engine and forklift machines include engines, transmissions systems, hydraulic systems, electric generators and other equipment parts used for cars and industry areas. Its machine tools and factory automation systems encompass turning centers, machining centers, computer numerical control (CNC) boring machines, electric discharge machines, aspheric turning centers and automation systems. It also provides defense products. On June 25, 2009, the Company sold its entire shares of Doosan Dst Co.Ltd, engaged in manufacturing and sale of defense equipment.
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News
South Korea's Doosan Infracore Co. (SEO:042670), a maker of heavy machinery and diesel engines, has set up a 50:50 joint venture with China's Xuzhou Construction Machinery Group to produce diesel engines in China.
Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.
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