|Feb 22, 2018|
|Feb 22, 2018|
Currency in KRW
|Full time employees:||7,728|
Doosan Heavy Industries & Construction Co., Ltd. engages in the provision of water treatment, construction and power plant projects. It operates through the following business areas: Power Generation, Water, Industry, Castings and Forgings, and Construction. The Power Generation business offers power plants, power generation equipment, retrofits and upgrades. The Water business provides seawater desalination plants and water treatment systems. The Castings and Forgings business engages in power generation, shipbuilding, iron and steel making, petrochemical and industrial components, mold and tool steel production. The Construction business involves in different plants, civil engineering and architecture. The company was founded on September 20, 1962 and is headquartered in Changwon, South Korea.
Doosan Heavy Industries & Construction is a South Korean maker of electric power plants and large transport machinery such as port cranes. Doosan Heavy is the core company of Doosan group, a renowned South Korean conglomerate that has a history of more than 100 years and has sent many top executives to head the Korea Chamber of Commerce and Industry.
But Doosan Heavy joined the group as recently as in 2001. Hyundai Yanghaeng, founded in 1962, became government-owned and was then purchased by Doosan, the holding company of the group. As a result, it has adopted its current name.
Park Gee-won, vice chairman and CEO of Doosan Heavy Industries, is from the founding family of Doosan group. His uncle Park Yong-maan is the owner and manager of the group serving as chairman of Doosan, while elder brother Park Jeong-won also holds a key post in the group.
With its pressured-water reactor technology, Doosan Heavy has been involved in the construction of most of the nuclear power plants in South Korea. It has tied up with Westinghouse Electric, a U.S. company belonging to Japan's Toshiba.
The South Korean government is seeking to increase exports of nuclear power plants as a national policy. In 2009, a consortium of South Korean companies concluded a deal to build four nuclear power plants in the Emirate of Abu Dhabi, one of the seven states forming the United Arab Emirates, marking South Korea's first nuclear power plant export. Along with firms such as Korea Electric Power, Doosan Heavy is a key member of the consortium.
Also engaging in water-processing work such as desalination of seawater, factory disposal and sewage treatment, Doosan Heavy has won orders from Saudi Arabia and other countries.
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- Local currency
- US Dollar
|Income before tax||-231,489.61M|
|Dividends per share||550|
|Operating cash flow||967,566.78M|
Currency in KRW
|Income before tax||-199.52M|
|Dividends per share||0.47|
|Operating cash flow||833.97M|
Currency in USD
- Vice Chairman & Co-Chief Executive Officer: Ji-Won Park
- Vice Chairman, Co-Chief Executive Officer & COO: Ji-Taik Chung
- Chief Operating Officer: Hong-Wuk Park
- Co-Chief Operating Officer & Head-Vina Office: Yeon-In Jeong
- Co-COO, Senior MD & Head-Marketing: Young-Chil Jeong
- Doosan Corp.(41.2%)
- Hyun Investment Co. Ltd.(11.2%)
- National Pension Service of Korea(9.3%)
- Dimensional Fund Advisors LP(1.4%)
- BlackRock Fund Advisors(1.4%)
- The Vanguard Group, Inc.(1.4%)
- Norges Bank Investment Management(0.7%)
- Samsung Asset Management Co., Ltd.(0.5%)
- BlackRock Advisors (UK) Ltd.(0.3%)
- BNY Mellon Asset Management North America Corp.(0.2%)
- Website: http://www.doosanheavy.com
- Address: 22 Doosan volvo-ro, Seongsan-gu, Changwon, 51711, South Korea
- Phone: +82.55.278.6114
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