In an effort to expand its project portfolio and meet demand in the North American market, construction equipment manufacturer Doosan Bobcat will invest $300 million in Monterrey, Mexico. The new, nearly 700,000-sq.-ft. facility will focus on production of the company’s M-series compact loaders, allowing for its Gwinner, North Dakota, location to shift focus to manufacturing R-series compact loaders. This move allows Doosan Bobcat to increase production capacity by 20% in the North American market, according to the company’s release. “Over the past five years, Doosan Bobcat has experienced rapid growth, doubling in size, and demand for our products continues to rise,” said Doosan Bobcat Vice Chairman and CEO Scott Park. “The increase in production capacity enabled by our new facility will serve as a foundation for sustained long-term growth.” The plant is expected to become operational in 2026, creating between 600 to 800 new jobs in the region.
|