Doosan Infracore has won several orders for large excavators from various regions of China, and said the market is rebounding after being hit by COVID-19.
The company said that recent orders from China have included its largest 80t excavator, the DX800LC. It has reported a total of 20 large excavators for regions including Qinghai in the north-west, Inner Mongolia in the north and Shanxi in the east.
Doosan Infracore sold six five 80ton DX800LC-9C excavators and one 50t DX520LC-9C excavator to an operator of a mining equipment rental business in Haixi, Qinghai Province.
Doosan Infracore believes that it has secured a foothold for entry into the Qinghai mining market with these sales contracts for large models. In 2019, the company had a market share of more than 15% in Qinghai Province, amounting to more than double the company’s 7.3% market share for the whole country (as of 2019), is said.
In Inner Mongolia, Doosan Infracore has sold three 80t excavators to a mining and construction equipment rental company, following its conclusion of a sales contract with a construction company in Shanxi Province for 11 excavators, including six 49 units (DX490LC-9C), two 45t excavators (DX450LC-9C) and three 36t excavators (DX360LC-9C).
Although the Chinese construction machinery market stagnated from January to February due to the COVID-19 pandemic, Doosan Infracore said 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,” it stated. “The industry anticipates that the annual sales volume of excavators in China will surpass the 2019 record of 200,000 units per year amid expectations about the government’s stimulus packages.”
Doosan Infracore’s sales representative in China commented, “Despite the increasingly intense competition in China, we will pursue sustainable growth by strengthening our line-up of large, high-performance excavators.”