Moving forward with new business
June 1st 2011 Doosan has formed a new
affiliate company –
Doosan Industrial Vehicle
Co – which will oversee all
Doosan's global forklift
activities. Doosan
Corporation will take a
majority stake in the new
company, with Standard
Chartered Private Equity
the preferred financial investor. The
existing forklift management teams,
dealership and sales networks
currently structured within Doosan
Infracore, will be absorbed by the new
company from 1st July, 2011.
The move effectively
separates the forklift
business from the
construction, marine engine
and machine tools
operations and comes as the
company looks to build on
recent successes in forklifts,
including an increased
marketshare, a growing distributor
network and the expansion of the
product range. More articles from Doosan Infracore Co. Ltd: | 
