– DI recently won orders for 20 large 36-80 ton models from Qinghai, Inner Mongolia, and Shaanxi, China
– The Chinese excavator market is expected to grow slightly this year.
Doosan Infracore has won a series of new sales contracts for its lucrative large excavators in China, further strengthening its market base in the country.
An inside source of Doosan Infracore was quoted as saying:
“The Chinese market demand began showing signs of recovery, although it was slow for about two months at the beginning of the year. The industry expects that a full-scale return of the peak season will take place sometime in April or May.”
Indeed, In April Doosan Infracore stated to had received a large orders for medium-sized excavators from China and have sold six large excavators, including five 80-ton excavators (DX800LC-9C) and one 50-ton excavator (DX520LC-9C), to an operator of a mining equipment rental business in Haixi, Qinghai Province.
On May 5, Doosan Infracore announced that it had 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.
In Inner Mongolia, Doosan Infracore sold three 80-ton excavators to a mining and construction equipment rental company in the same month, following its successful conclusion of a sales contract with a construction company in Shanxi Province for eleven excavators, including six 49-ton excavators (DX490LC-9C), two 45-ton excavators (DX450LC-9C), and three 36-ton excavators (DX360LC-9C).
After an initial long period of international market slowdown due to Covid-19, the economy now seems to be facing a phase of recovery. 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.
Source: Doosan
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