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Doosan

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History

Since 1896, as the oldest company in Korea with 118 years of history, Doosan has evolved with its people, and is now opening up a new future as a global leader of ISB.

2006~Present
Global Growth

Through our efforts since 2006 to acquire top-tier ISB companies such as Bobcat®, a construction machinery supplier and Škoda Power, a manufacturer of power generation equipment, Doosan has become a truly global brand in the ISB industry.

2006

  • Acquired Mitsui Babcock UK (currently Doosan Babcock)

    Acquired Mitsui Babcock UK (currently Doosan Babcock)

    As part of its efforts to speed up globalization, Doosan Heavy Industries & Construction acquired Mitsui Babcock, a British source technology company for power generating facilities.

  • Acquired IMGB Romania

    Acquired IMGB Romania

    The Kvaerner IMGB (currently Doosan IMGB), the largest materials company for power generation facilities in Romania, became a new member of Doosan family.

  • Acquired Yonhap Capital (currently Doosan Capital)

    Acquired Yonhap Capital (currently Doosan Capital)

    Doosan Capital began laying the foundation for becoming a global credit-specialized company.

2007

  • Acquired 3 business divisions of Ingersoll Rand US including Bobcat®

    Acquired 3 business divisions of Ingersoll Rand US including Bobcat®

    Doosan Infracore successfully completed the M&A of compact construction equipment units including Bobcat, the world's leading utility equipment and attachments unit of Ingersoll Rand in the U.S., boosting its ranking in the global construction equipment industry to the 7th.

  • Acquired CTI U.S. and Yantai Machinery of China

    Acquired CTI U.S. and Yantai Machinery of China

    Doosan continued to quickly obtain technologies and tap into local markets with the acquisition of CTI US, a company with source technology for HCNG engines, and Yantai Machinery a Chinese wheel loader company.

2008

  • Acquired Dong Myung Mottrol (currently Doosan Corporation Mottrol)

    Acquired Dong Myung Mottrol (currently Doosan Corporation Mottrol)

    Doosan acquired Dong Myung Mottrol, the nation’s top hydraulic machinery company. Doosan Corporation Mottrol has been quickly developing into a strong growth engine for Doosan Corporation.

  • Partnership with Chung-Ang University Foundation

    Partnership with Chung-Ang University Foundation

    Doosan is contributing to the development of talents and the country through a partnership with and active support of the Chung-Ang University Foundation.

  • Acquired ATL, German logistics equipment supplier

    Acquired ATL, German logistics equipment supplier

    Doosan Infracore acquired a German warehouse equipment manufacturer, Advanced Technology Lubben (ATL), as a part of Doosan’s bid to move into the European large-size warehouse market.

  • 2008, Doosan Infracore Completed the Yantai Plant

    Doosan Infracore Completed the Yantai Plant

    By completing a wheel loader plant with an annual production capacity of 8,000 units in Yantai, Shandong Province, China, Doosan Infracore furnished its production and marketing infrastructure to expand its presence in the Chinese market, which is emerging as the largest market for heavy construction equipment in the world.

2009

  • Doosan Corporation converted into a business-running holding company

    Doosan Corporation converted into a business-running holding company

    Doosan Corporation has become a business-running holding company by satisfying the requirement for a holding company – the total value of the stocks of its subsidiary companies exceeding 50% of the assets of the company – from the 72nd ordinary shareholders’ meeting held on March 27 in Hotel Shilla located in Jangchung-dong, Seoul.

  • Acquired Czech power generation equipment maker Škoda Power

    Acquired Czech power generation equipment maker Škoda Power

    By acquiring Škoda Power of the Czech Republic, who possessed core technology for steam turbines, Doosan Heavy Industries & Construction secured core technologies for boilers, turbines, and generators, the three core facilities for power generation. Moreover, Doosan has completed a full line-up of boilers, turbines, and generators to enter the packaged product market of boilers, turbines and generators.

2010

  • Established Doosan Power Systems

    Established Doosan Power Systems

    To advance into the European and USA markets, Doosan Heavy Industries & Construction established Doosan Power Systems which manages the power plant projects in the regions. The company integrated the boiler source technology of Doosan Babcock and the turbine source technology of Škoda Power to advance into the BTG (Boiler – Turbine – Generator) package markets of Europe and USA.

2011

  • Obtained 19 World's No.1 Class Products Certification

    Obtained 19 World's No.1 Class Products Certification

    As of 2011, Doosan produces 19 designated World Class Products (certified by the Ministry of Knowledge and Economy) including desalination and water treatment plants. Based on its top-level technologies, Doosan is quickly increasing its international sales.

  • Completed the Xuzhou compact excavator plant

    Completed the Xuzhou compact excavator plant

    Doosan Infracore finished the construction of its second production base in Xuzhou, Jiangsu Province, China, with an annual production capacity of 9,800 units of compact excavators of less than 8 tons. The company has completed a two-top production system in China, with the Yantai plant already emerging as the top supplier of excavators in the country in terms of a cumulative production.

2012

  • Advocated ‘the Doosan Way,’ a distinctive management philosophy & business method across the Doosan Group worldwide

    Advocated ‘The Doosan Way,’ a distinctive management philosophy & business method across the Doosan Group worldwide

    ‘The Doosan Way’ is Doosan’s distinctive corporate philosophy, culture and way of doing business. It has enabled the company to thrive for more than a century. For it to open the door to an even brighter future, Doosan has redefined the implications of the tenet for today’s world. It is being advocated to Doosan’s more than 40,000 staff and executives around the globe as the principle of their words and deeds in business.

  • Completed Doosan Corporation Mottrol's Jiangyin plant and Doosan Corporation Electro-Materials' Changshu plant in China

    Completed Doosan Corporation Mottrol's Jiangyin plant and Doosan Corporation Electro-Materials' Changshu plant in China

    Doosan Corporation Mottrol dedicated a plant for key hydraulic components for excavators in Jiangyin, Jiangsu Province, China where Doosan Corporation Electro-Materials built a copper clad laminate production base. Doosan Group continues to expand its presence in China as a foothold for the maximum share of the world market and to develop the Chinese market as its second domestic market for the mutual benefit of Korea and China.

  • Acquired ENPURE, a U.K. based water/wastewater treatment company

    Acquired ENPURE, a U.K. based water/wastewater treatment company

    Doosan Heavy Industries & Construction acquired ENPURE, a U.K. based water/wastewater treatment company with core technologies and patents for removing impurities from source water and seawater, as well as superior capabilities in designing of desalination facilities and water treatment systems. This allowed Doosan to secure foundation for enhancing its RO(Reverse Osmosis) desalination competitiveness.