Help Standard chartered Bank rename Doosan
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  1. #1
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    Default Help Standard chartered Bank rename Doosan

    Now that the sale of Doosan's machine tool Division seems to be finishing up, I think we should help Standard Chartered Bank Private Equity Group ( the new owners) find a new name. This would be the third name starting with Daewoo, then Doosan and now ????

    What say ye.

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    블루 기계

    ...



    파란 기계

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    Quote Originally Posted by cameraman View Post
    블루 기계

    ...



    파란 기계
    Blue Machinery.

    As in Blue the color or blue as in sad?

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    How about Mirage Machine Tools? Their slogan can be "Now you see us, now you don't".

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    Quote Originally Posted by 2outof3 View Post
    Blue Machinery.

    As in Blue the color or blue as in sad?
    He, he... I was going for Blue-Machine... Which is shorter than Yester-year Mori Seiki Knock off...

    I have to admit I am little sad/blue that Doosan left the area/Denver... But to be fair the larger Doosan organization is a mega corp. And their Brand and design goes from strength to strength.

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    Regardless of what you call it...the Daewoo 3016L that I have has been a major winner in my shop for many years. I call it making money!

    Lee (the saw guy)

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    Quote Originally Posted by cameraman View Post
    He, he... I was going for Blue-Machine... Which is shorter than Yester-year Mori Seiki Knock off...

    I have to admit I am little sad/blue that Doosan left the area/Denver... But to be fair the larger Doosan organization is a mega corp. And their Brand and design goes from strength to strength.
    But the machine tool division will no longer be part of the mega group Doosan. It will have no relationship which is why the name needs to be changed. All caused by the mega corp over extending itself with the purchase of Bobcat and other bad financed decisions.

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    Quote Originally Posted by 2outof3 View Post
    But the machine tool division will no longer be part of the mega group Doosan. It will have no relationship which is why the name needs to be changed. All caused by the mega corp over extending itself with the purchase of Bobcat and other bad financed decisions.
    I was going to ask you whether or not it was acquired as a separate division/got sold off... Wow... That is a big deal at a really bad time... Do you suspect they knew this was all in the works before they did their re-structuring? I.e. prepare everything for sale and make everything look clean, easy and efficient on paper to prospective buyers?

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    Quote Originally Posted by cameraman View Post
    I was going to ask you whether or not it was acquired as a separate division/got sold off... Wow... That is a big deal at a really bad time... Do you suspect they knew this was all in the works before they did their re-structuring? I.e. prepare everything for sale and make everything look clean, easy and efficient on paper to prospective buyers?
    No. Doosan was in a bad way. They paid too much for Bobcat before the slow down started in Asia for construction equipment. They were cash strapped and their biggest cash cow was the machine tool division. They sold it because they had to. They wanted 1.7 to 1.8 billion but settled on 1.1 billion. It did not hurt that Mitsui holding gave them some sort of large commitment for US based product for the Ellison companies before Standard Chartered bought the company but the fact Mitsui did not bid on the Doosan machine tool division is pretty telling.

    The real question is what now. What is Standard Chartered going to do. Hold it as a stand alone company or sell it to someone else. Fair Friend (Feeler) was the other top bidder but defense related issues in Korea made that sale more difficult. Now that Standard Chartered owns it, maybe those stumbling blocks are now gone. Maybe another large company in the machine tool business will buy it up from Standard Charter for 1.5 billion or so. Maybe one that likes debt and is a world wide based company.

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    DMG-Mori-Doo?

    It'd be interesting to hear from some of the Doosan folks that hang around here...

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    Quote Originally Posted by Jashley73 View Post
    DMG-Mori-Doo?
    How about DMG-Mori-Doo-Daw!

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    Soon to be renamed Flying-Pigs-Wooly-Milk-Cow Limited....

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    Just ask the rest that went the way of the dead bird thanks to private investment groups

    G&L
    Thyssen Krupp
    Fadal
    Cincinnati
    Monarch

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    Standard Chartered Machine Tools Inc

    We've f'kd bigger jobs than this

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    Private investment company will pump it up, make it sound bigger flog it off at some over inflated price.
    While ripping the guts out of the company in the background.
    Why would you sell the most profitable part and keep something like bobcat, maybe they couldn't sell bobcat??

    Thyssen Krupp the Steel company what happened to that? is it ok i thought it was a German owned company which had been around a long long time, so long established.

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    Quote Originally Posted by Street View Post
    Why would you sell the most profitable part and keep something like bobcat, maybe they couldn't sell bobcat??

    Thyssen Krupp the Steel company what happened to that? is it ok i thought it was a German owned company which had been around a long long time, so long established.
    They spun off Bobcat into it's own company. It seems Bobcat was not sellable and it appears they paid too much. Also it is not Korean. I expect it will be off the Doosan books soon. Just my guess.

    Thyssen Krupp spent a small time in the machine tool industry buying Giddings and Lewis who had just purchased Fadal.

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    DooDooSan?

    Chip

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  26. #18
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    Scooby Doo

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    Thyssen Krupp also owned Waupaca Foundry (Wi). Fortunately they didn't screw it up. They were and are doing well but Thyssen Krupp sold it off after owing it for quite awile.

    Dave

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    WENEVERSTOPTRYING (because we have to)


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