Doosan look to sell forklift business, invest in excavators.

[IBH]

Doosan wants to sell forklift business
Seoul, South Korea
Doosan Infracore Co is considering selling its forklift business to focus on its construction equipment business and to secure capital for global expansion.
A company spokesman told Dow Jones International News that Doosan wants to inject proceeds from a potential sale to build excavator plants in China and Brazil.
He said the company has 50-55% share of the domestic forklift market.
Source: http://www.forkliftaction.com/news/newsdisplay.aspx?nwid=9603