On Topic - Doosan (Daewoo) closes up shop

Doosan closed the DIA Engineering Center in Plymouth, MI last week and let all of the employees go. This group was responsible for all of the turnkey systems in N. America.

I am fairly certain that they've also closed their Western Technical Center in Orange, CA, and possibly their office in Memphis, TN as well.

We can only hope that this is not the harbinger of things to come for the machine tool industry in N. America.

Reply to
paul
Loading thread data ...

Hope all you want Paul but it is for the time being. AMTBA reported a total of just over 650 machine tools sold in N. America in February. That's about what HAAS builds, or can build, in a single week in Oxnard IIRC.

JC

Reply to
John R. Carroll

John,

It never hurts to hope & pray, right? My understanding is that Doosan hadn't sold one machine this year in the U.S.. Forget the fact that we're ( in conjunction w/Doosan) still installing a $3.5M system in Mexico, with the promise of more to come.

Reply to
paul

I suppose not, as long as that's not the end of the effort.

I can easily believe that and wouldn't be surprised to see them go three full quarters before they do. They will have a lot of company.

How would you like to have a $3.5M invested smack in the middle of a drug war? LOL

Good luck Paul. Sincerely.

JC

Reply to
John R. Carroll

I got a flyer today from pmi-auction.com. Fadal in Chatsworth is having a sale on the 23rd to sell "assets no longer needed in the continuing operations". What will be left in the building afterwards???

Reply to
Alphonso

Unfortunately..for the foreseeable future..it is.

Westec...I saw it last Wed.

500 displays..about 10% were "efficency" companies Several of the big players didnt even show up Most of the big players had huge displays..and help that was desperate to talk to anyone.

It was on (1) floor, and in one room. First time Ive ever seen it that small.

Middle of the day..and most of the displays were looking helpless.

Not good..not good at all....

Gunner

Reply to
Gunner Asch

-------------- ;-( For a possible back-up plan for our professionals in this NG click on

formatting link

Unka' George [George McDuffee]

------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625).

Reply to
F. George McDuffee

--------- If you have read the WSJ over time, you will note that these "happy" stories started about the time that the paper was sold to Rupert Murdoch [other papers , and have become more pronounced over time starting in May 2008 when he took full editorial control.

formatting link
If you are in the business of selling ads, why antagonize your main source of revenue and if you depend on the politicians for favors [see FCC rulings in Wiki articles] why antagonize them?

Note that Murdoch is also the big Kahuna of Faux News.

Unka' George [George McDuffee]

------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625).

Reply to
F. George McDuffee

formatting link

Reply to
brewertr

Daewoo made some decent rifles and pistols.

Reply to
hot-ham-and-cheese

Cliff wrote in news:av86u4h4rgl4upp03flp2l0pqtvbefqu6v@

4ax.com:

I doubt it.

Reply to
D Murphy

PolyTech Forum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.