With the launch of Korea’s first modern store in Baeohgae on Jong-ro 4-ga in Seoul in 1896, the history of Doosan began.
Started making Bakgabun, a cosmetic powder
Pakgabun soon became the hottest “must-have” item for women in Korea in 1920’s.
Changed the name of Park Seung-Jik Store Limited to Doosan Store
As Doosan transformed into a corporation, we modernized our accounting system and began to market ourselves by producing and distributing promotional calendars and placing newspaper ads.
Birth of Doosan Group
Established Doosan Trading Company (Currently Doosan Solus)
The establishment of Doosan Trading Company laid a foundation for Doosan’s growth into one of the largest companies in Korea. Doosan Art Center (pictured), is located where the Doosan Mercantile Company started in 1951.
Established Oriental Brewery (Corporate name changed to OB Beer later)
Oriental Brewery was re-established upon the ruins of the Korean War, emerging as a reputable international brewer.
Established Doosan Industries
In order to enable the foreign trade industry , which constituted the cornerstone of the national economy, we renamed ourselves as Doosan. Since then, Doosan has grown as a professional foreign trade company.(Picture) Opening ceremony of Doosan Industrial Kodak in 1970.
Established Dongsan Construction and Engineering (Currently Doosan Mecatec)
With the establishment of Dongsan Construction and Engineering, Doosan became an integral part of many projects led by Korean government’s first “5-year Economic Development Plan”, which started in 1962.
Hapdong News Agency is the former body of Yonhap News, now the largest news agency in Korea. In 1962, it served as a pivotal part of the Korean media industry as it disseminated Korean news abroad for the first time.
Founded Yoonhan Machinery (currently Doosan Mecatec)
With the foundation of Yoonhan Machinery, Doosan entered machinery industry, playing a key role in developing Korea’s infrastructure and taking the domestic machinery industry to the next level.
Established OAK Industries Korea (currently Doosan Electro-Materials BG)
OAK Industries Korea was established to produce copper clad laminates (CCL), one of the key materials in the electronics industry. The company began by producing CCLs domestically, and then targeted the global market.
Established Doosan Development
Doosan Development was established as a general development company operating various businesses including cargo transports, aviation, printing, and salt production.
Established Dongyang Agriculture (currently Doota Mall)
Dongyang Agriculture set an example for other companies to follow by contributing to regional communities and helping farmers increase their income through investments in the supply of domestic produces such as grapes, barley, and hop crops.
Renamed OB Group as Doosan Group
To create an integrated corporate image that represented the ever-diversifying businesses of the Group, the company was renamed after “Doosan” of the Doosan Industries, taking the legacy of the original Park Seung-jik Store.
Established Yonkang Academic Foundation (currently Doosan Yonkang Foundation)
The Doosan Yonkang Foundation was established after the death of the late Too Pyung Park, the first chairman of the Doosan Group whose pen name was “Yon Kang.” The Foundation honors his belief that “Education is the core engine that drives national development.”
Established Oricom Inc.
Oricom began as an advertisement planning division of the Hapdong News Agency in 1967. Being the first general advertising company in Korea, Oricom has produced numerous creative advertisements which have earned it the nickname of “Ad academy.”
Established Doosan CCK Can Manufacturing
By making a full-scale entry into the 355ml 2-piece aluminum can industry for the first time in Korea in 1981, the domestic carbonated beverage industry tried to diversify types of vessels by producing cans and PETs.
Doosan Corporation attains US$ 100 million in export
Doosan Corporation achieved annual export of US$108,228,754 on October 22, 1979 by diversifying export products and overseas markets.
Growth and Leap
Founded OB Seagram
In 1980, OB Seagram began as the first domestic whisky maker founded via a joint venture with Oriental Brewery, Seagram of the U.S., and the Chivas Brothers of Scotland.
Formed OB Bears (Currently Doosan Bears)
The OB Bears, the first Korean professional baseball team, won the trophy in the very first Korean Series.
Relocated head office to Doosan Building in Eulji-ro, Jung-gu, Seoul
The construction of the Doosan Tower Building, with floor space totaling 31,300㎡ (9,500 pyeong), 21 floors above ground and three underground floors, was completed at 101-1, Eulji-ro 1-ga, Jung-gu. Doosan Corporation moved into the 19th and 20th floors of the building on May 28, 1983.
Established Doosan Enterprise (Currently Doosan Cuvex)
Doosan Cuvex was established in 1987 to operate various leisure businesses including a golf club, and opened the Chuncheon Country Club (Currently Ladena GC) in 1990.
Acquired Duksoo Development
Duksoo Development, having been a major player in the construction and sports / leisure businesses since 1978, became a member of Doosan Group in 1988.
Founded Doosan Training & Technology Center
To further our goal of globalization, the center was established to achieve technological advances and to implement systemized and sophisticated R&D projects.
Set new management philosophy and announced Doosan employee spirit
Doosan established new management charter and the Doosan employee standards and declared them as the new foundation for new management principle and the basis of employee philosophy.
Opened Yonkang Hall (Currently Doosan Art Center)
Yonkang Hall was opened as a multi-purpose cultural venue on the centennial of Doosan at 270-Yeonji-Dong, Jonro 5-ga, Seoul, an establishment formerly named “Yeon-mot-gol.” It was re-opened as the Doosan Art Center in 2007.
Established Doosan Information & Communication (Currently Doosan Corporation Digital Innovation BU)
Since its launch as Dongyang Computer Technology in the 1970s, Doosan Corporation Digital Innovation has been providing customers with comprehensive IT consulting focused on software for over 20 years.
Recognized as the oldest enterprise in Korea
Doosan was awarded by the Korea Guinness Association with a certificate attesting to its status as the oldest company in Korea. This also constitutes official recognition that Doosan’s 124-year history, commencing with the opening of the Park Seung-Jik Store in Jongno 4-ga 1896, is also the history of Korean enterprises.
Changes and Transformation
Announced Doosan Group’s new CI
As the first Korean company to celebrate a 100th anniversary, Doosan announced the new CI and looked ahead to the next 100 years.
Celebration of the 100th anniversary of Doosan’s foundation
To celebrate a 100th anniversary, Doosan reaffirmed its conviction and future-oriented mindset by holding various events, including a burial of time capsule and the grand ceremony at Jamsil Gymnastics Stadium.
Established Doosan Corporation
After pushing ahead with a painstaking restructuring process, Doosan Corporation built a future-oriented and advanced management system by introducing BG (Business Group) and BU (Business Unit) operating systems and integrating its nine affiliates.
Completed Doosan Tower
Doosan began a new chapter in Dongdaemun with the completion of the Doosan Tower in the Dongdaemun area, situated near Baeogae in Jongno 4-ga, the birthplace of Doosan.
Neoplux was established as a specialized firm in venture startup investments and corporate restructuring, making direct investments and providing related services to clients.
Acquired Korea Heavy Industries and Construction (Currently Doosan Heavy Industries & Construction)
After creating a new growth engine based on the outcome of our restructuring program, Doosan made yet another great leap forward in its history by acquiring Korea Heavy Industries and Construction, currently Doosan Heavy Industries & Construction, a globally recognized company specializing in power generation, desalination, casting-forging and construction.
Acquired Koryo Industrial Development
Since acquiring Koryo Industrial Development, Doosan Engineering & Construction became even more cost competitive based on economies of scale, and achieved growth of sales revenue and income with synergistic effects.
Reborn as a core affiliate to lead Doosan’s ISB, Doosan Infracore continues to develop and launch new-generation products that deliver top-class performance and reliability.
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 (Currently Doosan IMGB)
The Kvaerner IMGB (currently Doosan IMGB), the largest materials company for power generation facilities in Romania, became a new member of Doosan family.
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 US 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.
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
Doosan is contributing to the development of talents and the country through a partnership with and active support of the Chung-Ang University Foundation.
Doosan Infracore acquired ATL
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.
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.
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. Doosan Corporation, a holding company engaged in its own business operations, was excluded from the definition of a holding company in accordance with the Fair Trade Act in Korea in April 2015, resulting from its growing businesses. However, as a de facto holding company of Doosan Group, Doosan Corporation continuously focuses on growing its core businesses and maximizing shareholder value.
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.
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.
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
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.
Advocated ‘The Doosan Credo’, a distinctive management philosophy & business method across the Doosan Group worldwide
‘The Doosan Credo’ 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
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, 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.
Doosan Corporation Fuel Cell established
Doosan Corporation established Doosan Corporation Fuel Cell, following a merger of Fuel Cell Power—a leading fuel cell maker for residental use in South Korea—and the newly-acquired ClearEdge Power, a U.S.-based fuel cell technology business for commercial buildings.
Doosan Corporation Electro-Materials BG created a new business opportunity by acquiring Circuit Foil Luxembourg, a leading supplier of circuit foils (a major component of printed circuit boards used in electronic devices).
Bobcat produces its 1 millionth loader
Bobcat, Doosan Infracore’s compact equipment business, marked a major milestone with the production of its one-millionth loader, coming 56 years after the production of its first loader in 1958. It’s a record that no other compact equipment manufacturers has achieved. Doosan Infracore donated that special loader to Gwinner, North Dakota, the home of Bobcat, as the city’s new iconic symbol.
Debut of the Doosan Day of Community Service
Doosan held the Doosan Day of Community Service in locations all across the globe. On the same day, thousands of employees participated in a wide range of activities to improve their local communities.
Doosan Corporation Industrial Vehicle Acquired British Forklift Rental Firm Rushlift
Doosan Corporation Industrial Vehicle has recently acquired ‘Rushlift,’ a British forklift sale and rental firm. Rushlift provides a comprehensive service including forklift rental, sale of parts and components, sale of used forklifts, and forklift repairs.
Oricom Acquired Ad Agency Hancomm
With its acquisition of Hancomm, Oricom is set to take a new leap forward as a general contents group that maximizes synergies by combining Oricom’s capacity in advertising and publication with Hancomm’s strength in BTL marketing.
Doosan Heavy Industries & Construction Takes Over 1Energy Systems (currently Doosan GridTech)
Doosan Heavy Industries & Construction recently took over 1Energy Systems (currently Doosan GridTech),a U.S. company that possesses fundamental technology in the field of energy storage system (ESS) software. With this acquisition, Doosan Heavy Industries & Construction has secured the top-rated control system software technology in the ESS industry along with the capability to comprehensively execute the entire process of an ESS project, ranging from design and installation to test operation of the ESS.
Doosan Bobcat Listed on the Korea Exchange
Doosan Bobcat, a global leader in the small construction machinery market, has been newly listed on the Korea Exchange. Based in Korea, Doosan Bobcat is a manufacturer of small construction machinery with thirty-one subsidiaries in twenty countries worldwide. The company currently holds the No. 1 market share in the North American market.
Doosan Heavy Industries & Construction acquires 5.5MW offshore wind turbine technology
In April of this year Doosan Heavy Industries & Construction acquired a 5.5MW offshore wind turbine technology from Hyundai Electric & Energy Systems. This new acquisition, along with the 3MW model developed internally by the company, is expected to help it gain a competitive edge in the wind turbine equipment and materials market.
Doosan Fuel Cell completes Korea’s largest fuel cell factory
Doosan Fuel Cell has completed the construction of its new fuel cell production facility on a 10,744 m2 site at the Second General Industrial Complex in Iksan-si, Jeollabuk-do. A fuel cell is a power generator that produces electricity and heat through an electrochemical reaction of hydrogen and oxygen. Fuel cells are regarded as environmentally-friendly devices with high energy density resulting from their compact size, and high-capacity utilization rates. The company has invested about 40 billion won in the facility, which is capable of producing 144 440KW fuel cells per year, amounting to an annual production capacity of 63MW, the highest in Korea. Combined with its fuel cell factory in Connecticut, USA, the company will be able to respond more promptly to global demand for fuel cells.
Doosan Bobcat begins manufacturing Earthforce compact construction equipment in China
Doosan Bobcat has started manufacturing small construction machines in China, and will sell the products under the new brand of Earthforce, which it has launched in a bid to penetrate both the Chinese and emerging markets. The basic design and major components of the Earthforce products strictly conform to the standards of the Bobcat brand to ensure performance and durability. At the same time, however, components that do not influence the key performance of the products will be manufactured or supplied locally in order to enhance price competitiveness.
Doosan Heavy Industries & Construction acquires US-based gas turbine service firm ACT (renamed as Doosan Turbomachinery Services)
Doosan Heavy Industries & Construction has acquired the US-based gas turbine service firm ACT Independent Turbo Services in order to secure the technologies required for the core components of gas turbines, including combustors, turbines, and rotors. With this acquisition, Doosan has secured not only ACT’s facilities and professionals specializing in gas turbine services, but also its order backlog and know-how, thus enabling it to enter the huge US gas turbine market (annual capacity: 16GW) almost immediately. The company has also laid the groundwork for making inroads into the global gas turbine service market, which is forecast to reach approximately 210GW by 2030.
Doosan Infracore establishes joint venture with Lovol Heavy Industry, China’s biggest agricultural machinery manufacturer
Doosan Infracore has signed a joint venture (JV) agreement with Lovol Heavy Industry (Lovol), a Chinese agricultural machinery manufacturer. The two companies will make a 50:50 investment in the JV, which will combine Doosan Infracore’s highly-regarded engine technologies and mass-production know-how with Lovol’s production facilities and local business competency. Established in China at the beginning of 2018 under the name Lovol Doosan(Tianjin Lovol Doosan Engine Co Ltd), the JV aims to adapt the G2 Engine, an eco-friendly high-efficiency compact engine developed by Doosan Infracore, to local requirements, including China’s greenhouse gas emissions standards, and to supply it for the the agricultural equipment manufactured by Lovol first of all.
Doosan Robotics enters the collaborative robot market and begins mass production of four collaborative robots
Doosan Robotics recently completed the construction of its collaborative robot production facility with an annual output of more than 20,000 units. Situated in the Suwon Industrial Complex in Gosaek-dong, Suwon-si, Gyeonggi-do, the new 4,451m2 factory began mass producing four models in December. Doosan’s collaborative robots have been integrated into the main manufacturing process, and will work ‘side by side with humans’ to make other collaborative robots. The robots are equipped with the industry’s most efficient collision detection sensor to guarantee the safety of nearby humans. With repeatability of ± 0.1 millimeter and high-performance torque sensors, the machines are also capable of carrying out highly sensitive processes that previously required the dexterity of human hands, while enhancing safety. Depending on the model, the robots’ arms can carry loads of up to 15 kilograms, and have a maximum scope of 1.7 meters.
Doosan Bobcat Opens a New Backhoe Loader Plant in India
Doosan Bobcat opened a new backhoe loader plant in Chennai, India. , The facility sits on a site area of 80,000 square meters with a factory floor area of 15,000 square meters, and is capable of producing about 8,000 units a year. India’s compact construction equipment market is worth about KRW 1.3 trillion—the third largest in the world, following the U.S.A. and China—with the backhoe loader market accounting for more than 80 percent.
Grand Opening of Doosan Infracore’s History Exhibition Hall
Doosan Infracore’s 1937 Hall opened its doors on the second floor of the Global R&D Center of the Incheon Plant, offering an at-a-glance view of the company’s 80-year history in its 271.68 square meter exhibition space. With an aim to help build the groundwork for the future by reflecting on the pathways the company took and the achievements it has made since its establishment in 1937, the history exhibition hall showcases documents, videos, photos and more for each time frame from Doosan Infracore’s establishment to the present.
Doosan Sets Foot in UAV Fuel Cell Market
Doosan Mobility Innovation revealed its new, in-house developed fuel cell power packs for drones for the first time at InterDrone 2018. A fuel cell power pack consists of a stack of fuel cells that generates electricity through an electrochemical reaction of hydrogen with oxygen. Doosan’s UAV fuel cell power pack is scheduled to go into mass production in 2019 after completing the demonstration and pilot projects at home and abroad.
Doosan Heavy Industries & Construction’s Wind Power System Recognized as the ‘Most Outstanding National R&D Project’
Doosan Heavy Industries & Construction’s wind power research project was selected as the Most Outstanding National Research and Development Project for 2018 from among 60,000-plus state-funded candidates. The new mid-to large-scale, high-efficiency wind power system is optimally designed to generate electricity in low winds by being incorporated into the WinD3000/134, the company’s latest 3MW on and offshore wind turbine model. The largest rotor diameter is applied to a 3MW wind turbine to help deliver the maximum power efficiency compared to its peers and generate a high power output even at low wind speed. Against this backdrop, the technology is expected to greatly contribute to the advancement of the renewable energy technology.
Doosan Robotics Advances to Chinese Collaborative Robotics Market
Doosan Robotics signed a distribution agreement with Bozhong Group’s Linkhou, China’s largest industry automation solution specialist, in Suzhou, China, to supply its collaborative robots in China. By signing the agreement, Doosan Robotics has built 13 sales channels in eight countries, including Germany, China and France, in just one year after the launch of mass production. Meanwhile, Doosan Robotics continues to increase its market share by building channel partnerships in Korea.
Inauguration of Doosan Logistics Solutions
Doosan Corporation has secured a “logistics automation solutions” technology that controls and manages the entire process from product arrival in the logistics center to transfer, storage, and shipping, and it has established Doosan Logistics Solutions to run this business. Doosan Logistics Solutions combines its logistics automation solutions with Doosan Corporation's existing businesses, such as forklift trucks, collaborative robots, and fuel cells for drones, which are Doosan's core capabilities, to create synergy, and in the long term, expand them into system integration (SI) between different logistics systems.
Localization of large gas turbines “around the corner” to make South Korea the fifth country with its own model
Doosan Heavy Industries & Construction held a final assembly event at its headquarters in Changwon for a "large gas turbine for power generation" project, which is under development as a state project with support from the Ministry of Trade, Industry, and Energy and Korea Energy Technology Evaluation and Planning. If the company successfully completes performance testing in early 2020, South Korea will become one of five countries with large gas turbine technology for power generation along with the United States, Germany, Japan, and Italy.
Launch of “hydrogen fuel cell pack for drones”
Doosan Mobility Innovation has launched a hydrogen fuel cell pack for drones, which allows them to fly for two hours, and begun full production. In addition, the company was awarded the “Best of Innovation” and “Honoree” awards in recognition of its hydrogen fuel cell drone and DP 30, a hydrogen fuel cell pack for drones, respectively, at the CES 2020 Innovation Awards.
Establishment of Doosan Fuel Cell and Doosan Solus
Doosan Corporation has newly established Doosan Fuel Cell and Doosan Solus by carving out two business divisions: fuel cell and materials.Made with the company's original fuel cell technology, Doosan Fuel Cell's fuel cells have a promising business outlook as they require the smallest installation area among renewable energy generation facilities and enable a stable power supply regardless of climate.Doosan Solus’s main business is biomaterials -- which are used for electronic materials such as battery copper foil made with Doosan's original technology and OLED -- as well as cosmetics and pharmaceuticals.
Doosan Infracore demonstrates an unmanned, automated construction site
Doosan Infracore has unveiled and demonstrated its comprehensive control solution "Concept-X", wherein 3D scanning via drones surveys the work area, then the surveyed topographical data are automatically analyzed to establish work plans, and work is executed by unmanned excavators and wheel loaders. The demonstration was held at South Korea's largest construction equipment performance testing site in Boryeong, South Chungcheong Province, which opened in October. Doosan Infracore plans to commercialize the comprehensive control solution for construction sites by 2025.
To enter the agricultural machinery and landscaping equipment market in earnest
Doosan Bobcat will acquire a zero-turn mower* business from U.S. landscaping company Schiller Grounds Care to accelerate the expansion of its agricultural and landscaping businesses with a recently launched compact tractor. In particular, the company plans to broaden its dealer network in the southern and western parts of the U.S. -- where demand for both products is high -- and bolster its existing product sales. * Zero-turn mower (ZTR mower): This equipment for landscaping work such as weeding is highly efficient as it applies a zero-turn method (zero-degree turn radius).
To materialize entry into the U.S. small modular reactor market
Doosan Heavy Industries & Construction (DHI) has concluded a business collaboration agreement with U.S. nuclear power company NuScale Power that includes equity investment and the supply of some nuclear reactor modules and other equipment. With this small modular reactor agreement, DHI is expected to supply equipment worth at least $1.3 billion, considering future projects in the U.S. and the expanding global market.
Korea’s first modern store opened its doors in Baeohgae, Jongno 4-ga, Seoul on 1896.
Company name changed from OB Group to Doosan Group
To create an integrated corporate identity that represented the diversifying businesses of the Group, the company decided to renamed itself after “Doosan” of Doosan Industries, pursuing the legacy of the original Park Seung-jik Store.
Founded the OB Bears (Currently Doosan Bears)
The OB Bears, the first Korean professional baseball team, won the very first Korean Series.
Announced Doosan Group’s new CI in commemoration of its 100th anniversary
As the first Korean company to celebrate a 100th anniversary, Doosan announced the new CI to ensure another 100 years of success.
Completed the construction of Doosan Tower
Doosan ushered in the "Dongdaemun era" by building the Doosan Tower in Dongdaemun, which is situated near Baeohgae in Jongno 4-ga, the birthplace of Doosan.
Acquired Korea Heavy Industries and Construction (Currently Doosan Heavy Industries & Construction)
As part of its effort to secure new growth engines after undergoing a preemptive restructuring, Doosan acquired Korea Heavy Industries & Construction, currently Doosan Heavy Industries & Construction--a globally recognized company specializing in power generation, desalination, casting-forging and construction--paving the way for another great leap forward.
Since Daewoo Machinery became an integral part of Doosan Group in the ISB sector, the company has been gainining ground in the global market by continuously developing and rolling out next-generation products with the top-class performance and reliability.
Acquired 3 business divisions of Ingersoll Rand US including Bobcat
Doosan Infracore successfully completed M&A deals of acquiring 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.
Established Doosan Corporation Fuel Cell
Doosan Corporation established Doosan Corporation Fuel Cell, following a merger of Fuel Cell Power—a leading fuel cell maker for residential use in South Korea—and the acquisition of ClearEdge Power, a U.S.-based fuel cell technology business for commercial buildings.
Doosan Robotics enters the collaborative robot market
Doosan Robotics recently completed the construction of its collaborative robot production facility with an annual output of more than 20,000 units. Situated in the Suwon Industrial Complex in Gosaek-dong, Suwon-si, Gyeonggi-do, the new 4,451㎡ factory began mass producing four models in December. Doosan’s collaborative robots have been integrated into the main manufacturing process, and will work ‘side by side with humans’ to make other collaborative robots.
The robots are equipped with the industry’s most efficient collision detection sensor to guarantee the safety of nearby humans. With repeatability of ± 0.1 millimeter and high-performance torque sensors, the machines are also capable of carrying out highly sensitive processes that previously required the dexterity of human hands, while enhancing safety. Depending on the model, the robots’ arms can carry loads of up to 15 kilograms, and have a maximum scope of 1.7 meters.
Doosan Sets Foot in UAV Fuel Cell Market
Doosan Mobility Innovation revealed its new, in-house developed fuel cell power packs for drones for the first time at InterDrone 2018. A fuel cell power pack consists of a stack of fuel cells that generates electricity through an electrochemical reaction of hydrogen with oxygen.
Doosan’s UAV fuel cell power pack is scheduled to go into mass production in 2019 after completing the demonstration and pilot projects at home and abroad.
Localization of large gas turbines “around the corner” to make South Korea the fifth country with its own model
Doosan Heavy Industries & Construction held a final assembly event at its headquarters in Changwon for a "large gas turbine for power generation" project, which is under development as a state project with support from the Ministry of Trade, Industry, and Energy and Korea Energy Technology Evaluation and Planning.
If the company successfully completes performance testing in early 2020, South Korea will become one of five countries with large gas turbine technology for power generation along with the United States, Germany, Japan, and Italy.
Average Annual Growth Rate
10% growth from 3.4 trillion won in 2000 to 18.2 trillion won in 2018.
Overseas Sales Increase
It was 88% domestic and 12% overseas sales in 1988, but overseas sales increased to 34% and 66% in 2018.
Doosan Global Footprint
Bobcat boasts the highest market share in the global compact construction equipment market
An expansion of the gas turbine services business picks up speed in the U.S.
Doosan Bobcat's Dobris campus staffed with 800-plus employees from 15 countries
Wind power that keep the Earth clean
A leading provider of water solutions in the Middle East
50 Million safe man hours achieved at the Rabigh2 Office in Saudi Arabia
The remote operation of unmanned excavator successfully demonstrated at BAUMA held in China and Germany
Doosan's growing dominance in the coal-fired power plant market in Vietnam