Doosan Machine Tools Co., Ltd is officially launched

New start 1
New start 1

At the beginning of May 2016, the newly created Doosan Machine Tools Co., Ltd was officially launched following the recent acquisition of Doosan Infracore Machine Tools BG, by Korean-based, MBK Partners.

At a special ceremony held at its Changwon factory, South Korea, senior management representatives from the new entity presented the company’s ambitions and plans for the next 40 years to an audience that included more than 1,100 employees from home and abroad, as well as a number of additional key stakeholders.

The 40 year business plan titled ‘New Start 40’ focuses on the company continuing to aggressively grow its share of the global machine tool market, with the aim of becoming a top three supplier in the medium term.

Key elements of the business plan that will help the company realise its ambitions are: a commitment to innovation and technology leadership; responsive and well-resourced customer service; and a strengthening of relationships with its global network of dealers.

The 40 year timeline has resonance and significance as the first incarnation of Doosan Machine Tools, then as part of Daewoo Heavy Industries & Machinery, was first launched in 1976 – 40 forty years ago.

New start 2
After presenting 'New Start 40', CEO Kim Jae-seop said: "I would like to thank all employees of Doosan Machine Tools for their dedication. We have just taken our first step towards becoming one of the world’s principal top three machine tool suppliers. This is a historic milestone in our corporate history.”

Doosan Machine Tools (then called Daewoo Machinery) was originally launched as part of Daewoo Heavy Industries & Machinery on July 1st 1976. The business unit was subsequently acquired by Doosan Group where it operated as part of Doosan Infracore until May 2nd 2016.

Currently Doosan Machine Tools Co., Ltd operates three manufacturing facilities, four subsidiaries, and 18 Technical Centres, and has global network comprising 122 dealers.

One of these dealers is Leamington-based Mills CNC – not only the exclusive distributor of Doosan machine tools in the UK and Ireland – a position it has occupied for over 25 years – but also a long-established and valued technical partner of first, Daewoo Machinery, subsequently, Doosan Infracore and, now, Doosan Machine Tools Co., Ltd.

Commenting on the official announcement Mills CNC’s managing director, Kevin Gilbert said: It is perhaps a cliché to say that it’s business as usual, but that is very much the case.

“I am delighted that Doosan Machine Tools’ ambitions as stated in New Start 40 are so closely aligned to our own corporate plans, especially the commitments made to innovation and to delivering best in class aftersales service and customer support.

“I am also impressed that Doosan Machine Tools has presented a 40 year plan. Few companies would have the confidence or inclination to commit to such a progressive and ambitious programme. The bottom line for UK and Irish customers is to expect first class machine tools backed by world class aftersales services. In that regard, it’s definitely a case of business as usual.”

Mills CNC www.millscnc.co.uk

 

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MIlls CNC

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