Doosan Machine Tools Changes Name to DN Solutions
The company, under the leadership of its parent company, DN Automotive, will be reborn as a total manufacturing solutions provider through identifying and investing new growth opportunities.
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Doosan Machine Tools announced on May 25 that it will change its name to DN Solutions and be reborn as a total manufacturing solutions provider. The new name will be effective as of June 2, and signifies a new start after the merger with DN Automotive, which became its new parent company in January 2022.
According to the company, the “D” in “DN” alludes to the 45 years of history built by Daewoo and Doosan, the predecessors of DN Solutions, along with DTR Automotive, the predecessor of DN Automotive. “N” represents “Now and New,” the will of the DN Group to open new paths by constantly taking on new challenges rather than being complacent about past achievements. It also means the beginning of a new and bigger era empowered by the strong synergy between the two companies that have now become one family, now DN Solutions notes.
DN Solutions is committed to revising itself as a true global manufacturer under the new name by strengthening 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. The company plans to work closely together with DN Automotive, its controlling shareholder, in identifying new growth engines to become a solutions provider for the global manufacturing industry.
DN Automotive is an automotive parts manufacturer founded in 1971 that produces tires, batteries and vibration management systems (VMS). It is said to be a top three manufacturer in the global VMS market and supplies approximately 30 global OEMs including General Motors (GM) and BMW.
“This name change was intended to signify our commitment to becoming a global manufacturer,” Kim Jae-Seop, CEO of DN Solutions, says. “DN Solutions and DN Automotive create a synergistic effect by working together to find new growth engines and maximize manufacturing capabilities. We are committed to offering integrated manufacturing solutions to a wide range of industries based on competitive products.”
In addition, DN Solutions is participating in SIMTOS 2022, which is held at Kintex, South Korea from May 23-27, 2022. Various products featuring the latest technologies are 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 vision for the future.
