The current status of Doosan excavators after the epidemic

Yonhap News Agency, Seoul, April 6, South Korea's Doosan Infracore said on the 6th that with the recovery of the Chinese machinery industry market, the company recently successfully sold 32 medium-sized excavators locally.

It is reported that these 22-ton excavators will be put into the construction site of subways, highways and bridges in Changchun City through two large infrastructure enterprises in Jilin Province.

Doosan Construction Machinery revealed that the customer has expressed interest in purchasing at least 10 additional units. Based on this, the company believes that the Chinese construction machinery industry hit by the epidemic is recovering quickly. The industry believes that April to May will usher in a peak sales season.

According to the China National Bureau of Statistics, the China Manufacturing Purchasing Managers Index (PMI) rebounded sharply from 35.7 in February to 52, which means the Chinese economy is gradually picking up. Looking solely at the sales of excavators in the Chinese market, the cumulative number of excavators in the first two months of this year was only more than 14,000 units, halving year-on-year, while the sales in March exceeded 40,000 units, returning to the previous level.

Doosan excavators accounted for 7.3% of the Chinese excavator market last year. In the past three or four years, the market share in Jilin Province has exceeded 10%, and the cumulative share in the first two months of this year was 13%. With the rising trend of engineering projects all over the country in recent years, construction machinery is also booming, and excavator machinery as the main force is indispensable in various projects.

Do you love such Doosan?