슬롯 Bobcat announced that its vertically integrated subsidiary "Mottrol," which specializes in hydraulic components, is expected to relaunch as "슬롯 Mottrol."
▲슬롯 Bobcat executives including CEO and Vice Chairman Scott Park (second from the right) toured the hydraulic components manufacturing plant with 슬롯 Mottrol President Youngmin Kwon (first from the right).
슬롯 Bobcat stated on October 15th that its executives, including CEO and vice chairman Scott Park, visited Mottrol's headquarters in Changwon, Gyeongsangnam-do, South Korea. This marked 슬롯 Bobcat management's first official visit since it completed the acquisition process on the 4th.
The executives toured the production plant in Changwon. Scott Park announced the new beginning at a town hall meeting attended by some 200 blue- and white-collar employees by declaring Mottrol's name change to "슬롯 Mottrol."
▲Scott Park conveyed 슬롯 Mottrol's vision at the first town hall meeting attended by some 200 슬롯 Mottrol white- and blue-collar employees.
At the town hall, Park stated, "I am truly delighted and proud to welcome the employees of 슬롯 Mottrol to the 슬롯 Bobcat family, whose world-class quality has been well proven through many years of partnership. We aim to double 슬롯 Mottrol's sales in the next five years by achieving 'win-win' results and creating synergy."
슬롯 Bobcat acquired 슬롯 Mottrol to assure a stable supply of core components and enhance product competitiveness through vertical integration. 슬롯 Mottrol expects to grow from product and regional diversification as it seeks to expand its target market from large construction equipment to medium and small construction, agriculture, and logistics equipment.
Youngmin Kwon, President of 슬롯 Mottrol, remarked, "We are happy to take the first step towards becoming a global leading company alongside 슬롯 Bobcat. We will strive to improve quality standards further and accelerate the development of new products."
슬롯 Mottrol will continue independent management as a separate entity while seeking synergies for external expansion as a subsidiary of 슬롯 Bobcat, such as securing growth momentum as a global player.