Doosan Strives to Rise to Leader in Global Infrastructure Support
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Doosan Strives to Rise to Leader in Global Infrastructure Support
Aggressively accelerates efforts to tap overseas markets based on its global competiveness

27(Fri), Oct, 2017

Doosan Group Chairman Park Jeong-won (left) shakes hands with Peter W. Calamari, managing director of Platte River Equity, a private equity firm, after signing an MOU for the acquisition of ACT on June 28 at the Park Hyatt Washington in Washington, D.C. (Photo: Doosan Group)

Doosan Group, the nation’s first modern enterprise, marks the 121st anniversary of its founding this year. The group has achieved endless changes and growth corresponding to its corporate history of more than a century. Doosan has made aggressive innovation to cope with rapid changes since the 1990s to rise to a global infrastructure support business group. 

The group is aggressively accelerating efforts to tap overseas markets based on its global competiveness, while expanding its business in Korea by combining the conventional power generation plant and construction machinery with advanced ICT to cope with fast business and technology changes. 

Doosan Infracore, a major subsidiary of the business group, has seen construction machinery sales rise on a continued basis in the mainstay markets, the United States and China, vying with global construction machinery leaders. According to the Yellow Table ranking of the world’s largest construction equipment manufacturers by the British construction machinery group KHL, Doosan Infracore ranked sixth with $4.93 billion (roughly 5.6 trillion won) in sales, up two slots from 8th place in 2016. Its market share shot to a record high of 3.8 percent. 

Bobcat, a subsidiary of Doosan Infracore, saw sales in Europe and emerging markets surge 6.3 percent and 4.3 percent in 2016, respectively. The company has maintained an annual average of 3.3 percent steady growth since 2011. Bobcat, the No. 1 company in the North American small construction machinery market, is ramping up efforts to expand global presence in other regions. The company saw its market share in the Chinese excavator segment increase to 7.4 percent last year up 0.7 percent points from the previous year.

Doosan Heavy Industry & Construction teamed up with an Indonesian state-run construction company to form a consortium to win a 470 billion won project to convert an existing gas-fired power plant into a combined cycle power plant. The latest success came three months after the Korean company landed the Grati combined cycle power plant project, the first one in 10 years. 

The latest project calls for converting a gas-fired unit into a combined cycle power plant outfitted with heat recovery steam generators and steam turbines to upgrade its power generation capacity and performance efficiency. The company has proven to have a competitive edge by beating out global players including Japanese and Turkish companies, in succession to win orders.

Doosan Heavy Industries & Construction announced that it has been named as the winner of the “Desalination Company of the Year” award by Global Water Intelligence (GWI), one of the industry's leading research organizations, on April 26. The company was recognized with the award at the 2017 Global Water Awards held in the Palacio de Cibeles, Madrid, Spain on April 24.

The prestigious award is a clear recognition of Doosan Heavy’s leading contribution to the desalination industry just last year it won the Doha seawater desalination plant phase 1 in Kuwait and the operations & maintenance (O&M) services contract for the Ras Al-Khair desalination plant in Saudi Arabia, which has the largest capacity in the world, among other major projects.

Furthermore, Doosan successfully completed the Yanbu Phase 3 seawater desalination plant in Saudi Arabia and the Escondida SWRO plant in Chile, for which it received the Municipal Desalination Plant of the Year award and the Industrial Desalination Plant of the Year award, respectively. The company was also named as the winner in three out of 10 categories.

Doosan Corp. an equivalent of the holding company of the group, is trying to find a new way of future manufacturing in order to brace for the advent of the 4th Industrial Revolution. 

The company has announced its entry into the so-called collaborative robot market. Unlike the conventional industry robots, collaborative robots will work together with humans in the future without safety fences. Doosan Corp. hired industry’s top experts to establish Doosan Robotics in 2015. 

Doosan has developed four collaborative robot models by making the most of precision machinery, control technology, hardware and design Doosan Group’s subsidiaries have accumulated. Doosan Robotics is to put finishing touches on the mass production of collaborative robots this year. The company wants to get a jump on the global collaborative robot market, which is predicted to surge to 6 trillion won in 2022. 

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