Doosan Infracore has won a series of new sales contracts for its large excavators in China, further strengthening its market base in the country.
As part of this, Doosan Infracore has announced that it has recently won orders for a total of twenty large excavators in various regions of China including Qinghai in Northwestern China, inner Mongolia in Northern China and Shanxi in Eastern China.
Doosan Infracore has also sold six large excavators, including five 80 t excavators (DX800LC-9C) and one 50 t excavator (DX520LC-9C), to an operator of a mining equipment rental business in Haixi, Qinghai Province.
The company believes that it has secured a foothold for entry into the Qinghai mining market with these successful sales contract for large models. In 2019, Doosan Infracore had a market share of more than 15% in Qinghai Province, amounting to more than double the company’s 7.3% market share for the whole country (as of 2019).
In Inner Mongolia, Doosan Infracore has sold three 80 t excavators to a mining and construction equipment rental company, following its successful conclusion of a sales contract with a construction company in Shanxi Province for eleven excavators, including six 49 t excavators (DX490LC-9C), two 45 t excavators (DX450LC-9C) and three 36 t excavators (DX360LC-9C).
The DX800LC, the company’s flagship model and largest excavator yet at 80 t, equipped with all its latest cutting-edge technology, is leading the surge in sales of its large models amid a positive market response.
Although the Chinese construction machinery market stagnated from January to February due to the COVID-19 pandemic, it rebounded in March and has been recovering rapidly ever since. In March, the Chinese excavator market reached 46 201 units, the highest monthly figure ever recorded.
The industry anticipates that the annual sales volume of excavators in China will surpass the 2019 record of 200 000 units per year amid expectations about the government’s stimulus packages.
Doosan Infracore's sales representative in China said, “Despite the increasingly intense competition in China, we will pursue sustainable growth by strengthening our line-up of large, high performance excavators.”
Read the article online at: https://www.worldcoal.com/mining/03062020/doosan-infracore-receives-orders-for-excavators-from-china/