Despite the sluggish domestic economy, Korea’s excavator makers saw their domestic sales remain unchanged last year as the sales of small excavators were strong enough to offset the decline in the sales of mid- and large-sized ones.
Doosan Infracore and Doosan Corp. maintained their leadership in the domestic construction equipment market.
The nation’s construction equipment industry has a constant outlook for this year amid expectations that the domestic and global economy would remain sluggish with the level of construction investment likely to be subdued. In terms of output, domestic demand and exports, the industry is expected to end up this year with similar records to last year’s.
According to the Ministry of Land, Infrastructure, and Transportation, the number of excavators sold in Korea last year totaled 7,713 units, similar to 7,769 a year ago.
By company, Doosan Infracore maintained the top spot with 3,260 or 42 percent of the market, followed by Volvo Construction Equipment with 2,379 or 31 percent, and Hyundai Construction Equipment (formerly Hyundai Heavy Industries) with 2,062 or 27 percent.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip