Doosan Infracore International recently moved into its new global headquarters in Charlotte, N.C. The 28,272-square-foot location will house about 100 engineering, manufacturing and marketing employees.
Doosan Infracore International was established following the $4.9 billion acquisition by its parent company, South Korean-based Doosan Infracore, of Bobcat, Utility Equipment and Attachments from Ingersoll-Rand Company Ltd.
The November 2007 agreement marked the largest overseas acquisition in South Korean history. Today, the three entities, Bobcat, Doosan Infracore Portable Power and DII Attachments, are operating as individual businesses of Doosan Infracore International.
“We were looking for a dynamic city with international appeal, a strong quality of life for our people and a talent pool that would continue to support the growth of our operations,” said Scott Nelson, CEO of Doosan Infracore International. “As the second-largest financial center in the U.S. and home to more than 700 foreign-owned firms along with the strength of a statewide university system, Charlotte emerged as the ideal choice for our global headquarters.”
Doosan Infracore selected Charlotte after conducting a feasibility study comparing the city with other major metropolitan areas, including Atlanta, Chicago, Minneapolis and New York. In selecting the site, Doosan Infracore was assisted by the Charlotte Chamber of Commerce and commercial real estate firms, Keystone Partners and Beacon Partners.
Doosan Infracore late last year announced the purchase of a 475,000-square-foot facility in Statesville, where the company expects to employ more than 400 for Doosan Infracore Portable Power. Operations for Bobcat will remain in West Fargo, N.D.
Doosan Infracore International, a U.S.-based subsidiary of Doosan Infracore, engineers, manufactures and markets compact equipment, attachments, air compressors, lighting systems, generators and light compaction and concrete equipment.