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.
Edited by Angela Osborne
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Doosan DVF 5000. Photo Credit: DN Solutions
Doosan Machine Tools is changing its name to DN Solutions as it refashions itself to be a total manufacturing solutions provider. The name change takes effect June 2, 2022, and is said to signify a new start after its recent merger with DN Automotive, which became its 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,” which it says is the will of the DN Group to open new paths by constantly taking on new challenges, rather than being complacent about past achievements.
DN Solutions says the “N” also signifies the beginning of a new and bigger era empowered by the strong synergy between the two companies which have now become one family.
The new company says it is committed to reimagining itself as a true global manufacturer under the new name by strengthening distinctive competitive advantages over current growth engines. It also plans to proactively build 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 which 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 and BMW.
“This name change was intended to signify our commitment to becoming a global manufacturer,” says Kim Jae-Seop, CEO of DN Solutions. “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.”
