Doosan Group
Encyclopedia
Doosan Group is a South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

n conglomerate quoted on the Korea Stock Exchange. Doosan has been placed 471st in the Fortune 2009. It has been included in the Forbes Global 2000 companies from 2007. It had recently acquired SKODA power thus making it a full swing in power plant global competitors. Doosan was ranked 4th among the “World’s Best 40 Companies 2009” list, released in the latest issue of BusinessWeek, the U.S. economics magazine in October 2009. Fortune Global 500
Fortune Global 500
The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine....


History

The Doosan Group, founded in 1896. The company began as the Park Seung Jik Store in 1896 in Baeogai (now Jongno 4-ga, Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...

). Since then, Doosan has developed into a multinational, diversified business empire, with particular emphasis on consumer goods, manufacturing and the trading and construction sectors.

Doosan has developed a new global growth strategy by acquiring several major companies over the last 10 years including Doosan Heavy Industries & Construction
Doosan Heavy Industries & Construction
Doosan Heavy Industries & Construction Co., Ltd., a subsidiary of Doosan Group, is one of the largest Korean heavy industrial companies. It was established in 1962....

 (formerly Korea Heavy Industries and Construction, a heavy industry company specializing in power and desalination plants) in 2001, Koryeo Industrial Development in 2004 and Doosan Infracore (formerly Daewoo Heavy Industries & Machinery, a company specializing in construction machinery) in 2005.

In 2006, Doosan acquired a number of global companies, including the boiler engineering company Mitsui Babcock UK (renamed Doosan Babcock) and Kvaerner IMGB, the largest casting and forging company in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...

. In 2007, Doosan acquired a leading construction machinery company, Bobcat USA, the world’s largest supplier of small construction equipment. Post acquisition of Bobcat USA into Doosan Infracore, one of the Doosan Group’s subsidiary companies specializing in medium and large construction machinery, the Doosan Group became the world’s seventh largest supplier of construction machinery.
Doosan currently has 25 subsidiary companies in Korea and 86 overseas branch corporations in 35 countries. It has over 38,000 employees (20,000 in Korea and 18,000 overseas) and a worldwide network of over 1,400 dealer network.

Key Business Areas

Doosan’s core businesses are based on ISB (Infrastructure Support Business). Doosan’s Infrastructure Support Businesses are made up of six subsidiaries: Doosan Corporation, Doosan Heavy Industries & Construction, Doosan Infracore, Doosan Construction & Engineering, Doosan Mecatec and Doosan Engine. These subsidiaries provide people with electrical power, desalinated drinking water, construction equipment, advanced machinery, defense supplies, houses, highways and bridges, chemical processing equipment and industrial engines.

Doosan now has core technologies for boilers, turbines and generators(BTG) - the three key components of modern fossil-fuel power plants. This now positions the company in the same league as GE
Gê are the people who spoke Ge languages of the northern South American Caribbean coast and Brazil. In Brazil the Gê were found in Rio de Janeiro, Minas Gerais, Bahia, Piaui, Mato Grosso, Goias, Tocantins, Maranhão, and as far south as Paraguay....

 of the US, Siemens
Siemens
Siemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...

 of Germany and Alstom
Alstom
Alstom is a large multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010-2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are...

 of France. According to the FT(The Financial Times, the UK-based business paper) report of Sep 29 2010, through a series of big acquisitions, Doosan Heavy has become the fourth-largest power-plant equipment maker in the world, behind General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...

 of the US, Germany’s Siemens
Siemens
Siemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...

 and ABB, the Swiss-Swedish engineering group.

Compiled by UK-based KHL Limited and published in the magazine, International Construction, the new up-to-date tabulation gives 2010 turnover figures for the world’s top 50 construction equipment manufacturers and shows growth in sales at DICE(Doosan Infracore Construction Equipment, the global alliance of construction brands that includes Doosan, Bobcat and Doosan Moxy) has taken the company into 6th place in 2010.

Nuclear and other power equipment

Doosan has shipped the equipment composed of control element drive mechanisms (CEDMs) and replacement reactor vessel heads to the Palo Verde Nuclear Generating Station
Palo Verde Nuclear Generating Station
The Palo Verde Nuclear Generating Station is a nuclear power plant located in Wintersburg, Arizona, about 45 miles west of central Phoenix. It is the largest nuclear generation facility in the United States, averaging over 3.3 gigawatts of electrical power production in 2008 to serve...

 power plant in Tonopah, Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...

, which has a production capacity of 1,400 MW of electricity. It has sold nuclear power plant equipment to the largest nuclear energy generating facility in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. A reactor vessel head is used to maintain the pressure resistance of a coolant, while a CEDM is a device used to control the degree of a nuclear reaction.
The new contract for Doosan, worth some $195 million, closely follows an earlier contract from Westinghouse to supply major equipment, such as steam generators and reactor vessels, for two AP1000s units to be constructed at Georgia Power's Vogtle nuclear power station near Augusta, Georgia. Subject to approvals, the two units are slated to enter service alongside Vogtle's two existing reactors in 2016 and 2017.
  • Chinese market targeted

Doosan announced at the end of May 2008 that it had signed a memorandum of understanding (MoU) with China National Nuclear Corp (CNNC) on cooperation on new nuclear power projects in China.
Among the projects commissioned by CNNC in China, Doosan supplied the steam generators for both Qinshan Phase-3 units (Qinshan-4 and -5), the reactor vessels for both Qinshan Phase-2 units (Qinshan-2 and -3), as well as equipment for the two AP1000 units at Sanmen and two at Haiyang

Subsidiaries

  • Corporation Doosan Corporation underwent a painful restructuring and converted its organizational system into a future-oriented one consisting of 4 business operations.

Doosan Corporation divisions include:

- Electro-Materials: Copper-clad laminate manufacturing

- Mottrol: hydraulic machinary manufacturing

- Glonet: Import & Export Services, Import & Sales of Home Appliances, Chemical Import & Sales, Food Sales, Distribution and Dining Facilities / Trading Division

- Information & Communication: Solution Service, Data Center, ASP
  • Doosan Heavy Industries & Construction
    Doosan Heavy Industries & Construction
    Doosan Heavy Industries & Construction Co., Ltd., a subsidiary of Doosan Group, is one of the largest Korean heavy industrial companies. It was established in 1962....

    Established in 1962, Doosan Heavy Industries & Construction has led the development in the nuclear and thermal power plant, desalination plant, casting and forging and construction arenas in North America, Asia, Europe and the Middle East with a total of $4.1 billion in revenue in 2007. Doosan has built over 400 nuclear, thermal and combines cycle power plants. And also, Doosan is one of the few companies in the world that has proprietary technologies for all major three desalination types: Multi Stage Flash (MSF), Multi Effect Distillation (MED) and Reverse Osmosis (RO). As part of the effort to grow as a global business, Doosan acquired the water treatment operations of American Engineering Services Inc., a Romanian heavy machines producer to secure a production base in Europe and also, a leading boiler manufacturer, Mitsui Babcock leveraging over 100 years of experience and the proprietary technology. Moreover, Doosan has established multiple Desalination R&D Centers in Dubai, UAE and in Tampa, U.S., Doosan Babcock E&S of India as an engineering centre in New Delhi and Doosan Babcock R&D Centre in Renfrew, Scotland. As a global contractor in Engineering, Procurement and Construction (EPC), Doosan is continuously developing its expertise around the world. Doosan is currently building Sipat thermal power plant project which will light the homes of 1 billion people in India and the world’s largest desalination plant in Shuaibah with a daily desalination capacity of 880,000 tons in Saudi Arabia. Doosan’s global business goal is to achieve $1.7 billion in 2015, $3 billion in 2030 with 10% of operating income.


  • Doosan Infracore is a South Korean company, the former Daewoo Heavy Industries & Machinery. Doosan acquired Daewoo Heavy Industries & Machinery and renamed as Doosan Infracore in April 2005. Along with local manufacturing firms for excavators, construction systems, Doosan Infracore also has a worldwide dealer network of more than 900 dealers and agencies in the U.S., UK, Germany, China, India, Japan and Brazil.

Doosan Infracore brands

Doosan Infracore has been established a holding company in China and has significantly expanded its Chinese operations. Doosan Infracore recently acquired Bobcat and the Attachments and Utilities business unites of Ingersoll-Rand. Doosan Infracore divisions include Construction Equipment, Machine Tools, Forklifts and Engines & Materials.

Bobcat

Bobcat Company is a manufacturer of farm and construction equipment, part of Doosan Group. The company sells skid steer loaders, compact excavators, compact utility vehicles, compact tractors and other small hydraulic equipment under the Bobcat brand name. It is one of the few major manufacturing companies operating in North Dakota
North Dakota
North Dakota is a state located in the Midwestern region of the United States of America, along the Canadian border. The state is bordered by Canada to the north, Minnesota to the east, South Dakota to the south and Montana to the west. North Dakota is the 19th-largest state by area in the U.S....

.

Ingersoll-Rand

The Ingersoll Rand brand has been in the forefront of compressor technology, design and manufacturing since the early 1900s. Ingersoll-Rand Company was started over 100 years ago with an emphasis on drilling products for construction and mining. Ingersoll Rand has led the industry with breakthrough technology that has shaped and defined the world with its legacy products: air compressors, generators, and lighting systems.

Doosan Moxy

Moxy Engineering is a Norwegian manufacturer of articulated haulers for off-road use in the earth moving and construction industries. Doosan Infracore's Construction Equipment Business Group acquired 100% of the company from Thomson Group and changed the name as Doosan Moxy AS.

Montabert

Montabert was founded in 1921 by Joannes Montabert as Montabert S.A as a manufacturer of pneumatic equipment. Montabert is based in the Lyon area, France and is the undisputed worldwide leader for the design, production and distribution of hydraulic and pneumatic demolition and drilling equipment for construction and civil works as well as the mining and quarry industry.

Geith

Geith was founded over 50 years ago in Slane, Ireland. They offer a full range of products for machines from 1 ton to over 80 ton in weight for a large variety of applications and duty requirements.
  • Doosan Engine As an integrated diesel engine manufacturer, Doosan Engine is specialized in diesel engines for large vessels, as well the construction of internal combustion power plants that use diesel engines. Doosan Engine has the second largest global market share with an annual production capacity of 9 million bhp. With 20 years of experience, Doosan Engine recorded an annual order backlog of more than $ 1 billion in the last three consecutive years.
  • Doosan Construction & Engineering Architecture, Civil Engineering and Plant Works
  • DST Formerly the Defence Division of Doosan Infracore, it is engaged in the production of IFVs
    Infantry fighting vehicle
    An infantry fighting vehicle , also known as a mechanized infantry combat vehicle , is a type of armoured fighting vehicle used to carry infantry into battle and provide fire support for them...

    , anti-air/guided weapons (the K30 Biho and K-SAM Pegasus) and precision equipment, including inertial navigation system
    Inertial navigation system
    An inertial navigation system is a navigation aid that uses a computer, motion sensors and rotation sensors to continuously calculate via dead reckoning the position, orientation, and velocity of a moving object without the need for external references...

    s and NBC agents detectors. It was split from the parent company in November 2008 and is now a wholly owned subsidiary of Doosan Infracore.
  • Industrial Vehicle Doosan Industrial Vehicle became the first Korean business engaged in the manufacturing of forklifts in 1968. Since then, the Company has focused on enhancing environmental friendliness and technological aptitude, as well as operator’s comfort and convenience when using its products
  • Capital Integrated Credit Financing Services
  • SRS Korea Restaurant Business: KFC, Burger King and Food Culture
  • Oricom Advertising Agency : Pioneer of International Client Service in Korea

  • Doosan Bears
    Doosan Bears
    The Doosan Bears are a professional baseball team based in Seoul, South Korea. They are a member of the Korean Baseball Organization....

     http://www.doosanbears.com/ Professional Baseball Team


Worldwide presence

  • U.S.(4,200); Bobcat - also includes factories in Wujiang
    Wujiang, Jiangsu
    Wujiang is a county-level city in the southernmost of Jiangsu province, South East China. The total area of Wujiang is 1,176 square kilometers, with a population of 1.5 million.-Geography:...

    , China, Dobris
    Dobríš
    Dobříš is a town in the Central Bohemian Region of the Czech Republic with about 8,600 inhabitants the second largest town in Příbram District, located south of Prague. It is part of the Prague metropolitan area....

    , Czech, Pontchateau
    Pontchâteau
    Pontchâteau is a commune in the Loire-Atlantique department in western France.-See also:*Communes of the Loire-Atlantique department...

    , France and Slane
    Slane
    Slane is a village in County Meath, in Ireland. The village stands on a steep hillside on the left bank of the River Boyne at the intersection of the N2 and the N51 . In 2006 Slane's population was 1,099, having grown from 823 in 2002. The population of the village and the surrounding rural area...

    , Ireland, These businesses employ approximately 5,700 people worldwide
  • UK; Doosan Babcock
    Doosan Babcock
    Doosan Babcock, is part of Doosan Power Systems Ltd a UK-based subsidiary of Doosan Heavy Industries & Construction. DPS is a power sector utility boiler OEM and after market services company, offering specialist services and technologies to clients in the nuclear power generation, fossil-fired...

     (December 2007) 4,560 employees, (December 2008) 5,414 employees
  • Romania (762); (Doosan IMGB S.A.) Soseaua Berceni nr 104, Sector 4, Bucharest
    Bucharest
    Bucharest is the capital municipality, cultural, industrial, and financial centre of Romania. It is the largest city in Romania, located in the southeast of the country, at , and lies on the banks of the Dâmbovița River....

  • Belgium (500); Frameries
    Frameries
    Frameries is a Walloon municipality located in the Belgian province of Hainaut. On June 21st 2011 Frameries had a total population of about 20,652...

    , Belgium Doosan Infracore
  • Poland (425); Doosan Babcock Energy Polska ul. Podmiejska 7 44-207 Rybnik
    Rybnik
    Rybnik is a city in southern Poland, in the Silesian Voivodeship. Rybnik is located close to the border with the Czech Republic and just outside the southern border of the largest urban area in Poland, the Upper Silesian Metropolitan Union...

     Poland
  • Norway (120); Doosan Moxy AS. Varhol - 6440 Elnesvågen
  • Czech (1,000); Skoda Power
  • Vietnam (1,700); Doosan Vina Heavy Industries
  • China (2,700); Doosan Infracore

Recently Acquired Companies

  • American Engineering Services Inc.(currently, Doosan Hydro Technology Inc.) in 2005.

  • IMGB (currently, Doosan IMGB) in 2006

Doosan IMGB, the largest casting and forging company in Romania.
  • Doosan Babcock Energy in 2006


(formerly Mitsui Babcock) was purchased in 2006 from Mitsui Engineering & Shipbuilding of Japan.
As one of the four companies in the world with its own proprietary technology in the field of boiler engineering, Doosan Babcock Energy was established in the U.K. by US-based Babcock & Wilcox in 1891. Currently, Doosan Babcock is headquartered in Crawley in the UK and has an R&D centre and production base in Renfrew, Scotland. It also has subsidiary companies in Germany, Poland, USA and China, which serve as power generation service centers. Doosan Babcock has supplied boilers to over 30 countries including the U.S. and China as well as Europe and has a license agreement with Harbin Boiler, the largest boiler maker in China and producer of 26,000MW of boiler to date. Doosan Babcock has been expanding its nuclear power plant business in the U.K. since the acquisition of the nuclear power business unit of Rolls Royce in 2002.
  • Bobcat Company in 2007


Bobcat,Utility Equipment and Attachments from Ingersoll-Rand
As the world’s largest compact construction equipment business, Bobcat, Utility Equipment and Attachments business have an established network of over 2,700 dealers in the U.S. and Europe and operates 16 manufacturing plants in six countries around the world. In 2006 the three businesses generated approximately US$2.6 billion in sales and US$370 million in operating profits and currently maintain the highest world market share in their respective business sectors. The "Bobcat" name is well recognized worldwide as a leading construction equipment brand. Doosan Infracore's primary objective of the acquisition is to enhance its overall product portfolio by adding compact construction equipment to its existing medium and large-scale construction equipment product lines and to help expand and strengthen Doosan Infracore's global manufacturing and sales networks. The acquisition also provides Doosan Infracore with world-class technologies and brand names. Upon completion of this transaction, Doosan Infracore will have a combined network of over 3,700 dealers worldwide and 20 manufacturing plants in countries such as the U.S., China, Belgium, France and the Czech Republic. As a result, Doosan Infracore will be well positioned to become a market leader in the U.S., Europe and China. Pro forma for the transaction, Doosan Infracore's sales will be approximately US$7.4 billion, which will improve the Company's worldwide ranking from 19th to 7th in the construction equipment sector.
  • Moxy Engineering
    Moxy Engineering
    Moxy Engineering is a Norwegian manufacturer of articulated haulers for off-road use in the earth moving and construction industries. Moxy was founded by the industrialist Birger Hatlebakk, who had previously founded the Glamox factory in Molde.- History :Moxy built the first prototype dump truck...

     in 2008.

Moxy Engineering is a Norwegian manufacturer of articulated haulers for off-road use in the earth moving and construction industries. Moxy was founded by the industrialist Birger Hatlebakk, who had previously founded the Glamox factory in Molde.
  • Advanced Technology Lubben (ATL) in 2008.

ATL is located in Lubben, outside Berlin(Germany) and has the original technology to support the production of material handling equipment for warehouses and airports.
  • Skoda Power in 2009


SKODA POWER is a manufacturer and supplier of SKODA design steam turbines from 5 MW to1,200 MW, machine halls and of customer services for fossil and nuclear power plants, combined cycles, co-generation and incineration plants.

See also

  • Doosan Corporation
    Doosan Corporation
    Doosan Corporation is a corporate holding company headquartered in Euljiro 6-ga, Jung-gu, Seoul, Korea.-History:*1896 Park Seung-jik opened first store*1925 Changed the name of Park Seung-Jik Store Limited to Doosan Store...

  • List of South Korean companies
  • Economy of South Korea
    Economy of South Korea
    South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...


External links

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