A Brief History of the Doosan
Direction of the activity: production of the Gas Turbines, engines, Wind Power, fuel cell system, 3D Printing, high-tech innovations, remote control technology, Autonomous Forklifts
Doosan Group is a South Korean multinational conglomerate corporation.
In 2009, the corporation was placed in the Fortune Global 500 index.
It is the parent company of Bobcat and Škoda Power.
Doosan Group is the oldest running company in South Korea and is ranked as one of the world's top 10 largest heavy equipment manufacturers in 2018
The Doosan Group was founded in 1896.
The company began as the Park Seung Jik Store in 1896 in Baeogai (now Jongno 4-ga, Seoul). Since then, Doosan has developed into a multinational conglomerate, with particular emphasis on the consumer goods, manufacturing, logistics/trading and construction sectors.
The company's acquisitions include Doosan Heavy Industries & Construction (formerly Korea Heavy Industries and Construction, a heavy industry company specializing in power and desalination plants) in 2001, Koryeo Industrial Development in 2004 and Doosan Infracore (formerly Daewoo Heavy Industries & Machinery, a South Korean chaebol and car manufacture found in 1967) in 2005.
In 2006, Doosan acquired the boiler engineering company Mitsui Babcock UK (renamed Doosan Babcock) and Kvaerner IMGB, the largest casting and forging company in Romania. In 2007, Doosan acquired the construction machinery company Bobcat USA, the world's largest supplier of small construction equipment.
Post acquisition of Bobcat USA into Doosan Infracore, one of the Doosan Group's subsidiary companies specializing in medium and large construction machinery, the Doosan Group became the world's seventh largest supplier of construction machinery.
Doosan currently has 41,400 employees in 38 countries.
In 2011, Doosan renewed its licensing agreement with Wärtsilä - Sulzer for the construction of large marine propulsion engines, for which it is one of the world leaders.
On January 1, 2018, Doosan and Doosan Bobcat were separated into independent companies, ending a seven-year relationship.
In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30%, controlling stake in the company. Doosan Infracore will become a subsidiary of the newly created Hyundai Genuine group
Doosan offer for sale