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Photo = Yonhap news |
[Alpha Biz= Paul Lee] Despite the U.S. government's plan to impose a 25% tariff on Mexican products starting next month, Doosan Bobcat has reaffirmed its commitment to completing its Monterrey plant by next year. The company also revealed a "Plan B" to target the European market should tariffs rise beyond 25%.
According to industry sources on Friday, Scott Park, CEO and Vice Chairman of Doosan Bobcat, stated at a recent investor briefing, "Labor costs in the U.S. are extremely high, and securing workers is challenging. Even with tariffs, manufacturing in Mexico remains advantageous."
Doosan Bobcat is currently constructing a 65,000㎡ plant in Monterrey, aiming for completion in early 2026. The $300 million project, which began in June last year, is now about halfway finished.
Once operational, the Monterrey plant will produce 12,000 units of its best-selling M-Series compact loaders, primarily for export to the U.S. The company’s North Dakota plant and other U.S. facilities currently manufacture 67,000 compact loaders annually, meaning the Mexico plant will boost North American production capacity by approximately 20%. In the U.S., a compact loader is priced at around $38,000.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
