Press Release

Doosan Group Chairman Jeongwon Park has been directly involved in successive on-site management activities since the start of the year to spur growth in key businesses such as energy, advanced materials, and compact equipment.

On Jan. 11, Chairman Jeongwon Park visited the Doosan Enerbility plant in Changwon, Gyeongsangnam-do, to inspect the status of the energy business. He particularly inspected the gas turbine plant for power generation and the main equipment production line for small modular reactors (SMRs), which have recently secured orders, and closely observed on-site operations.

During the visit, Chairman Jeongwon Park told accompanying executives, “With the advent of the AI revolution, a big opportunity awaits in the energy business. We must leverage the capabilities we have accumulated to further strengthen our global competitiveness and capitalize on this expanded opportunity.

Following its success in indigenous production of large-scale gas turbines for power generation in 2019, Doosan Enerbility has so far secured orders for a total of 16 gas turbines both at home and abroad, proving its competitiveness at a rapid pace.

Last year, the company secured its first export of gas turbines by signing a contract to supply five 380-megawatt (MW) large-scale gas turbines to a U.S.-based tech company. This monumental achievement paves the way for more exports of indigenously developed technology and products to the U.S. market, the leader in gas turbines, and elevates the status of the Korean power generation industry.

Doosan Enerbility has formulated a mid- to long-term roadmap with the goal of securing cumulative orders for 45 gas turbines by 2030 and 105 by 2038. In support of this, the company is investing in facilities to expand the annual production capacity of its Changwon plant by 1.5 times to 12 units by 2028. It also plans to dominate the next-generation carbon-free power generation market by accelerating the development of hydrogen turbines based on its gas turbine core technology.

Following its gas turbines business, Doosan Enerbility is also thriving in the SMR (small modular reactor) sector, which Chairman Jeongwon Park inspected during the visit. The company is solidifying its position as a “global SMR foundry,” geared toward the production of main components and core materials in partnership with global companies leading SMR technology, including NuScale Power, X-energy, and TerraPower. Starting with the main components and core materials for 16 SMR units ordered by X-energy, production of the initial volumes commissioned by NuScale Power will begin in the second half of this year.

To ensure timely delivery of these orders, Doosan Enerbility is building the world’s first dedicated SMR plant at its Changwon plant. Slated for completion by 2028, the plant will significantly increase SMR production capacity from the current 12 units per year to more than 20 once fully operational. This will enable the company to establish a “customer-tailored optimized production system” suitable for the diverse designs and specifications of SMR developers worldwide.

Prior to this, on Jan. 2, Chairman Jeongwon Park visited Doosan Bobcat’s Incheon plant, where he was briefed on the business performance of products produced in Doosan Bobcat’s ALAO (Asia, Latin America, and Oceania) region, including forklifts, skid steer loaders, and mini excavators, as well as the operational status of facilities in Korea, India, and China. He then toured the manufacturing floor.

After touring the plant's electric and hydrogen equipment on display, the forklift production line, and the R&D center, Chairman Jeongwon Park reviewed the overall production process, inquiring about the supply and demand status of key components and the commercialization schedule of new products. In particular, he meticulously inspected working conditions in Incheon, Changwon, and other locations, and affirmed, "Safety is paramount," emphasizing the importance of workplace safety to employees.

On Jan. 12, Chairman Jeongwon Park visited the Doosan Corporation Electro-Materials BG plant in Jeungpyeong, Chungcheongbuk-do, to inspect the CCL (copper clad laminate) manufacturing process for AI accelerators. Electro-Materials BG, which achieved its first-ever KRW 1 trillion in sales in 2024, is pursuing its sustainable growth through expanded supply to global big tech companies amid record-breaking performance projected last year.

CCL, a double-sided insulator coated with copper foil, is a key foundational material for PCBs (printed circuit boards), which serve as the neural networks of electronic products. AI accelerators, designed to process massive amounts of data at ultra-high speeds, require high-performance CCLs that minimize signal loss and resist deformation even in high-temperature operating environments.

Doosan Corporation Electro-Materials BG's CCL products embody unrivaled materials technology accumulated over the past 50 years. The key to CCL quality is the "optimal composition ratio" between various materials. Achieving this requires sophisticated blending technologies, including ▲ precise chemical bonding at the molecular level, ▲ organic interactions between materials, and ▲ optimization of material properties, areas where Electro-Materials BG holds a world-class technological edge.

Based on this differentiated technological prowess, Electro-Materials BG is building a robust order backlog from global big tech companies. Due to rapidly increasing orders, the plant is currently operating beyond full capacity, and the company is expanding production facilities (CAPEX) and lines to proactively respond to growing market demand.

Last month, Chairman Jeongwon Park visited CES 2026 in Las Vegas, USA, to survey the latest technological trends, including AI, and explore business opportunities. At this year's CES, Doosan showcased its energy solution lineup, including gas turbines and SMRs, as well as physical AI technologies in construction equipment and robotics, targeting the AI era.

Doosan Group Chairman Jeongwon Park (left) inspects a power generation gas turbine being manufactured at the Doosan Enerbility plant in Changwon, Gyeongsangnam-do, on Jan. 11.

Doosan Group Chairman Jeongwon Park (second from left) inspects a small modular reactor (SMR) production line at the Doosan Enerbility plant in Changwon, Gyeongsangnam-do, on Jan. 11.