Doosan Machine Tools to become DN Solutions
- May 25, 2022
Doosan Machine Tools has announced that it is changing its name to DN Solutions, part of what CEO Kim Jae-Seop describes as a rebirth as “a total manufacturing solutions provider.”
The DN Solutions name will be used from June 2, 2022 and signifies a new start for the company after the merger with DN Automotive which became its new parent company in January this year.
“The D in DN alludes to the 45 years of history of trust built by Daewoo and Doosan, the predecessors of DN Solutions, along with DTR Automotive, the predecessor of DN Automotive,” the company said. “N represents Now & New, the will of the DN Group to open new paths by constantly taking on new challenges now rather than being complacent about past achievements. It also means that it will begin a new and bigger era empowered by the strong synergy between the two companies that have now become one family.”
DN Solutions plans to complete its transformation into a true global manufacturer under the new name by strengthening its distinctive competitive advantages over current growth engines and proactively building a presence in the areas of future growth through aggressive investment in expanding manufacturing capabilities and sustainable management for social responsibility. It will closely work together with DN Automotive, its controlling shareholder, in identifying new growth engines to become a solutions provider for the global manufacturing industry.
“This name change was intended to signify our commitment to becoming a global manufacturer. DN Solutions and DN Automotive create a synergistic effect by working together to find new growth engines and maximize manufacturing capabilities,” said Kim Jae-Seop. “We are committed to offering integrated manufacturing solutions to a wide-range of industries based on competitive products.”
DN Solutions is participating in SIMTOS 2022, which is held at KINTEX, South Korea from May 23 to 27. Various products are being exhibited, including a five axis complex large machining center as well as a wide range of products and solutions for IT and semiconductor industries. A ceremony was held to announce the company’s new name and share its meaning and the vision for the future.