The newly created Doosan Machine Tools Co Ltd was officially launched on 2 May, following the recent acquisition of Doosan Infracore Machine Tools BG by the Korean company MBK Partners.
At a special ceremony held at the newly launched company’s Changwon factory in South Korea, senior management representatives presented its ambitions and plans for the next 40 years.
New Start 40 focuses on the company continuing to grow its share of the global machine tool market, with the aim of becoming one of the top three suppliers in the medium term. Doosan Machine Tools (then called Daewoo Machinery) was launched as part of Daewoo Heavy Industries & Machinery on 1 July 1976. It was subsequently acquired by Doosan Group and operated as part of Doosan Infracore until 2 May this year.
Currently, Doosan Machine Tools Co Ltd operates three manufacturing facilities, four subsidiaries and 18 technical centres; it also has a global network comprising 122 dealers — including Leamington-based Mills CNC, which is not only the exclusive distributor of Doosan machine tools in the UK and Ireland but also a long-established Technical Partner.