Daedong announced on the 9th that it has signed an OEM supply contract worth 300 billion KRW with Doosan Bobcat’s U.S. subsidiary for tractors. The products supplied under this contract will include small to medium-sized tractors ranging from 20 to 70 horsepower, and powertrains, with the contract amount totaling 361.2 billion KRW. This amount is equivalent to about 25.2% of Daedong’s consolidated sales last year. The contract period is set for four years, from 2025 to 2028.
The Daedong Group stated that it has achieved cumulative orders worth 1.8 trillion KRW this year, combining the 360 billion KRW tractor OEM contract with Doosan Bobcat and a 1.42 trillion KRW vehicle electrification parts supply contract through Daedong Gear with Hyundai Motor and Hyundai Transys.
Park Joon-sik, head of Daedong’s Customer Business Division, said, “This contract once again demonstrates that Daedong’s products have the performance and quality competitiveness to meet high customer demands.”