Thu February 11, 2021 - Northeast Edition #4
CEG
Hyundai has 15 different models of wheel loaders to meet the diverse needs of Maine contractors.
Whited Truck s roots as a truck dealership started in 1985 as a Ford dealership. Operated by Bob Whited and his son, Jon, the company today has more diverse selling lines, including Peterbilt trucks; Rodgers lowbeds; Trailstar, Felling, Etnyre, Stairs and Dorsey trailers; and products not only for over the road truckers, but also trucks and trailers for the forestry industry.
Over the last several decades, the father and son duo have continuously looked for opportunities to diversify their operations, including a move in the 1990s to diversify their Auburn, Maine, facility into the RV business. The men have enjoyed a good working relationship over the years Bob functions as CEO of the company and oversees the financial end of the business; Jon manages the day-to-day operations traveling between each of the company s four locations.
South Korea’s Hyundai shipbuilding group acquired Doosan Infracore, a major construction equipment maker that has been up for sale, faute de mieux, as part of efforts by its debt-stricken parent company to secure liquidity in return for a bailout loan from creditors. The deal would lead to the creation of a dominant player in South .
Doosan Heavy sells stake in Doosan Infracore to HHIH
Posted : 2021-02-05 17:50
Doosan Infracore s excavator / Courtesy of Doosan Infracore
Korea s power plant builder Doosan Heavy Industries Construction said Friday that its board of directors has decided to sell the company s 35 percent stake in Doosan Infracore for 850 billion won ($757 million) to global shipbuilding holding company Hyundai Heavy Industries Holdings (HHIH).
Cash-strapped Doosan Heavy disposed of 76 million shares of its construction equipment unit Doosan Infracore to improve business efficiency and management structure, the company said in a regulatory filing.
On Dec. 10, a consortium led by HHIH was picked as the preferred bidder for the 35 percent stake in Doosan Infracore held by Doosan Heavy.