Doosan Bobcat Expands Global Manufacturing Footprint with New Facility in Monterrey, Mexico

– KRW 400 Billion Investment Boosts Production Capacity to Support Customer Demand in NA and Company Growth

Doosan Bobcat is expanding its capacity of production to meet the growing demand for construction equipment on North America. North American market.

On November 8, Doosan Bobcat announced that it is planning to build a modern manufacturing plant within Monterrey, Mexico, with an investment of about KRW 400 billion (US$300 million).

The Monterrey plant, which is expected to be about 65,000 square meters in size, will manufacture Doosan Bobcat’s M-Series compact loaders, and will supply the same in North America. The plant located in Gwinner, North Dakota, U.S., which currently manufactures products, is expected to concentrate on manufacturing its R-Series Compact loaders.

Doosan Bobcat expects the Monterrey plant to be operational by 2026, which is around the time of. The new plant will be operational while maximizing the production efficiency of existing facilities, Doosan Bobcat will be in a position to increase the capacity of its compact loaders to its North American market by 20 percent, which will allow the firm to respond faster to market demands.

“Over the past five years, Doosan Bobcat has experienced rapid growth, doubling in size, and demand for our products continues to rise,” stated Scott Park, CEO and Vice Chairman of Doosan Bobcat. “The increase in production capacity enabled by our new facility will serve as a foundation for sustained long-term growth.”

After the completion of construction of the Monterrey facility, Mexico becomes the 8th country in the world to host the Doosan Bobcat production facility, following South Korea, the United States and the Czech Republic, France, Germany, India, and China. Monterrey is an industrial town located in Mexico has a large and trained workforce and affordable labor costs. The city is situated close to and across the U.S. border, it is a beneficiary of its membership in the U.S.-Mexico-Canada Convention (USMCA).

Doosan Bobcat Mexico New Facility Rendering

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button