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Doosan Group

Coordinates: 37°34′08″N 127°00′36″E / 37.568783°N 127.009933°E / 37.568783; 127.009933
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Doosan
Company typePublic
KRX: 000150 000150
IndustryConglomerate
Founded1896; 128 years ago (1896)
FounderPark Seung-jik
HeadquartersDoosan Tower 18-12, Euljiro 6-ga, Jung-gu, Seoul, South Korea
Key people
Park Jeong-won, Chairman
ProductsPower Plant, Desalination Plant, Engines, Construction Equipment, Construction, etc.
SubsidiariesDoosan Corporation, Doosan Heavy Industries & Construction, Doosan Infracore, Doosan Engineering & Construction, Doosan Fuel Cell America, etc.
Websitehttp://www.doosan.com

Doosan Group (Korean: 두산그룹; Hanja: 斗山그룹) is a South Korean multinational conglomerate company. In 2009, the company was placed 471st in the Fortune Global 500.[1] It has been included in the Forbes Global 2000 companies from 2007.[citation needed] It is the parent company of Škoda Power. Doosan was ranked 4th among the "World's Best 40 Companies 2009" list in BusinessWeek, the U.S. economics magazine, in October 2009.[citation needed]

History

The Doosan Group was founded in 1896.[2] The company began as the Park Seung Jik Store in 1896 in Baeogai (now Jongno 4-ga, Seoul). Since then, Doosan has developed into a multinational conglomerate, with particular emphasis on consumer goods, manufacturing and the trading and construction sectors.

The company's acquisitions include Doosan Heavy Industries & Construction (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 the boiler engineering company Mitsui Babcock UK (renamed Doosan Babcock) and Kvaerner IMGB, the largest casting and forging company in Romania. In 2007, Doosan acquired the construction machinery company Bobcat USA, the world's largest supplier of small construction equipment.[citation needed] 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.[2] Doosan currently has 41,400 employees in 38 countries.[2]

Key business areas

Doosan truck AD 40

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

Companies

Doosan Corporation (Holding Company)

  • Doosan Corporation Electro-Materials supplies the main materials for polychlorinated biphenyls, a core part for electronics, including copper clad laminate and OLED materials (illuminating and common layer for fluorescence phosphorescence.)
  • Doosan Corporation Industrial Vehicle is a manufacturer of global logistics equipment, as well as engine-type forklifts and electronic forklifts.
  • Doosan Corporation Mottrol develops and produces hydraulic components for construction equipment and defense systems.
  • Doosan Corporation Digital Innovation provides customers including Doosan affiliates with information technology consulting, system setup, business system operation and information technology infrastructure operation.
  • Doosan Corporation Fuel Cell Power : Doosan Corporation Fuel Cell has a full lineup of products, from power generation to residential use, based on its proprietary fuel cell technologies.
  • Doosan Corporation Glonet operates in logistics in the overall and bio industry, including the development of new bio-materials such as medical emulsifiers.
  • Doosan Corporation Retail : Doosan Tower is a shopping mall with more than 550 fashion stores, attracting 20 million visitors each year.

Affiliates

  • Doosan Heavy Industries & Construction, established in 1962, develops thermal power plant, nuclear power plant, seawater desalination plant, casting and forging and construction in the Middle East, Asia, Europe and North America with a total of $9.6 billion in revenue in 2012. Doosan has built over 400 nuclear, thermal and combined-cycle power plants. Doosan has proprietary technologies for all three major desalination types: multi-stage flash, multi-effect distillation, and reverse osmosis. The company has acquired Romania's largest casting and forging manufacturer, the boiler manufacturer Mitsui Babcock, and a Czech-based turbine manufacturer, Skoda Power. It has also established desalination research and devlopment centers in Tampa, U.S., Damman, Saudi Arabia and Birmingham, UK.
  • Doosan Infracore produces construction equipment, engines, attachments, and utility equipment such as air compressors.
  • Doosan Solus has been consistently gaining ground in the materials sector including copper foil, electronic and biomaterials through global M&A, ambitious expansion, ceaseless R&D efforts and global network expansion as part of its long-term strategy.
  • Doosan Fuel Cell : Doosan bought U.S. fuel cell maker ClearEdge Power, a stationary fuel cell manufacturer based in Silicon Valley.[3]
  • Doosan Engineering & Construction, established in 1960, is in the field of civil engineering, construction, CPE and Heat Recovery Steam Generator.
  • American Engineering Services (currently, Doosan Hydro Technology) in 2005.[4]
  • IMGB (currently, Doosan IMGB) in 2006. Doosan IMGB is the largest casting and forging company in Europe with headquarters in Romania.[5]
  • Doosan Babcock Energy in 2006[6]
  • Doosan Bobcat in 2007[7]
  • Advanced Technology Lubben in 2008,[8] located in Lubben, outside Berlin (Germany) and has the original technology to support the production of material handling equipment for warehouses and airports.
  • Moxy Engineering acquired in 2008 and changed name to Doosan Moxy AS. A manufacturer of articulated haulers (dump trucks) based in Norway. As of 2011, marketed solely as Doosan, with the Moxy name dropped.
  • Skoda Power in 2009,[9] a manufacturer and supplier of Skoda design steam turbines from 5 MW to 1,200 MW, machine halls and of customer services for fossil and nuclear power plants, combined cycles, co-generation and incineration plants.
  • Enpure: in 2012 Doosan Heavy Industries & Construction acquired Enpure, a U.K. based water/wastewater treatment company with core technologies and patents for removing foreign matters from source water and seawater, as well as water/wastewater treatment and design of desalination facilities.
  • Oricom provides services for marketing brands including planning, creative, brand consulting, media, promotion and online marketing.
  • Hancomm is a representative general advertisement agency in Korea, has been leading the development and growth of the advertisement industry along with Oricom.
  • Neoplux is a private equity firm, offering local and overseas companies investment and consulting.
  • Doosan Bears, formed in January 1982, the first year of the professional league in Korea, was the country's first professional baseball team.
  • Doosan Cuvex operates the Ladena golf club in Chuncheon, Korea.
  • Doosan Magazine was in 1996 the first fashion magazine in Korea, followed by magazines like GQ, Vogue, Allure and W.

Auxiliary Organizations

  • Yonkang Foundation, established in 1978 in honor of the company's first chairperson the late Yonkang Too Pyung Park, is involved in scholarships, R&D financing, overseas training for teachers, educational welfare and sharing books.
  • Doosan Art Center supports young artists in its facilities, including Yonkang Hall, Space111 and Doosan Gallery.
  • DBRI(Doosan Business Research Institute): The Doosan Leadership Institute hosts educational programs including workshops, forums, and seminars for employees of the group.

See also

References

  1. ^ "Fortune Global 500 List 2017: See Who Made It". Fortune.
  2. ^ a b c "History". Doosan Group.
  3. ^ South Korea's Doosan buys U.S. fuel cell maker ClearEdge for $32.4 million, Reuters, July 20, 2014.
  4. ^ Doosan acquires AES water treatment operations (worldwide news: ASIA)
  5. ^ "Republica Coreea vede in Romania "o poarta de colaborare" in spatiul UE". Archived from the original on 19 July 2011. Retrieved 2 July 2009.
  6. ^ S. Korea's Doosan Heavy buys Mitsui Babcock for 20 bln yen, Forbes.
  7. ^ Associated Press, South Korea's Doosan Infracore rise 6 percent after Bobcat buy, International Herald Tribune, 31 July 2007.
  8. ^ http://doosanflt.com/index.php?option=com_content&task=view&id=96&Itemid=2 Korean forklift manufacturer, Doosan Infracore, has acquired the German warehouse equipment specialists, Advanced Technology Lübben in a deal worth around €2.5m.
  9. ^ "SKorea's Doosan takes over Czech turbine maker". AFP.
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37°34′08″N 127°00′36″E / 37.568783°N 127.009933°E / 37.568783; 127.009933

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