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Article: DOOSAN TO BUILD DIESEL ENGINE JV WITH CHINESE PARTNER
- Article from:
- AsiaInfo Services
- Article date:
- September 8, 2009
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AsiaInfo Services
09-08-2009
Doosan to Build Diesel Engine JV with Chinese Partner
XUZHOU, Sep 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- Doran Infracore Co., South Korea's biggest construction equipment maker will team up with its Chinese counterpart Xuzhou Construction Machinery Group Inc. to set up a diesel engine joint venture before 2013, said sources.
The venture, to be located in Xuzhou, a fast-growing city in Jiangsu, east China, will be part of the overseas production facilities strategy of the South Korean company.
Doosan Infracore disclosed in a statement that both sides would jointly pump KRW 124.4 billion into the 50-50 venture in the following four years, and that ...