ABG Heavy inks pact with Doosan of Korea

Mumbai, May 7 (UNI) ABG Heavy Industries Ltd has entered into an agreement with Doosan Heavy Industries&Construction Company Ltd (Doosan), Korea for exclusive co-operation in manufacturing and service of Material Handling Equipment for containers and bulk handling projects in India and other Asian and Middle-East Asian countries.

Informing the BSE, the company said with this agreement, it can be expected to become a dominant player in the rapidly growing market for Material Handling Equipment in India and other Asian countries.

Doosan Heavy Industries&Construction Company Ltd (Doosan), Korea has for the financial year 2005 notched sales of USD 3.3 billion.

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