Daewoo gets ready for new owner and new kit

Daewoo is planning to enter the zero tailswing and telehandler markets once its sale to Doosan has gone through.
Dae-Ryong Kang, executive managing director of Daewoo's Construction Equipment division, said preferred bidder Doosan will want to invest in the manufacturer's research and development arm and its production facilities.
Daewoo currently manufactures excavators, wheel loaders, industrial fork lifts and skid steers, but Kang said: "To survive we need other items."
He is looking at zero tailswing excavators and telehandlers, but said the company would look to buy-in telehandler technology as there was not the in-house capacity to design the machine.
The firm will upgrade its excavators and wheel loaders in 2005/2006 when the next round of emission legislation comes into force.
By 2008, Kang plans to move the company's Incheon factories in South Korea to a new site around 200km away and to make Daewoo the world's third largest excavator manufacturer above 5t.
Production in its Belgian factory will increase to 100 units per month next year, Kang said.
See December's Plant Manager's Journal.