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| Company type | Public (traded on theKorea Stock Exchange) |
|---|---|
| KRX:034020 | |
| Industry | Power plants, Desalination Plants & Construction |
| Founded | 1962; 63 years ago (1962) |
| Headquarters | Changwon,South Korea |
Key people |
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| Products | Nuclear power plants,Thermal power plants,Desalination plants,Castings andForgings toConstruction, Reactor vessel,Steam generator,Pressurised heavy water reactor,generators and Steam & Gasturbines of Power Plant |
| Revenue | US$ 11.9 billion (2024) |
Number of employees | 7,728 |
| Subsidiaries | Doosan Power Systems, Doosan IMGB, Doosan Heavy Industries Vietnam, Doosan Vina HaiPhong, Doosan Power Systems India, Doosan HF Controls |
Doosan Enerbility Co., Ltd., (a combination of wordsEnergy and Sustainability) formerly known as Doosan Heavy Industries, is aheavy industrial company headquartered inChangwon,South Korea. It was established in 1962. Its business includes manufacturing and construction ofnuclear power plants,thermal power stations,turbines andgenerators,desalination plants,castings, andforgings.
In 1962, Doosan Heavy Industries & Construction Co., Ltd, formerly known as Korea Heavy Industries and Construction Co., Ltd, was founded by Doosan Group. In 1999, Doosan Heavy Industries & Construction was integrated with several other domestic power industries.
In 2000, Doosan Heavy Industries &Construction went public and was listed on the Korean stock market. In 2001, Korea Heavy Industries and Construction Co., Ltd was renamed as Doosan Heavy Industries & Construction Co., Ltd. The company was ranked first in global desalination market and selected as "Global Product". In 2006, Doosan Heavy Industries and Construction acquired Kvaerner IMGB (Currently Doosan IMGB) and Mitsui Babcock (Currently Doosan Babcock). The company established water R&D centers inDubai (UAE) andTampa,Florida (USA). In 2007, Doosan Heavy Industries and Construction began the construction of Doosan VINA plant inVietnam.
In 2008, Doosan Engineering & Construction signs a contract regarding the supply of nuclear equipment, such as reactor vessels and steam generators, withWestinghouse. The input is for the two AP1000 reactors located in the USA and is worth around $195 million US dollars.[1]
In 2009, Doosan Heavy Industries and Construction acquired Czech-based power systems maker Škoda Power. Doosan VINA was completed in 2009.
In 2010, Korea Electric Power Company (Kepco) granted Doosan Heavy Industries a $3.9 billion US dollar contract to supply equipment for four nuclear power reactors planned in theUnited Arab Emirates.[2]
In 2011, Doosan Heavy Industries and Construction acquired AE&E Chennai Works (Currently Doosan Power Systems India).
In 2012, Doosan Heavy Industries and Construction acquired the assets of Enpure Limited, a water process engineering company in the UK to form Doosan Enpure.
On December 10, 2014,Korea Herald reports that Doosan Engineering & Construction has scrapped original plans to build a 1 trillion wonthermal power plant.[3] This halt in building plans hinders the Company’s chances of meeting its annual target of winning 10 trillion won worth of construction orders.[3] The reason behind the cancellation of plans byNational Thermal Power Corporation Limited (NTPC) was due to the lack of government approvals regarding environmental and other issues. In September, Doosan had bid the lowest price for a Katwa 1,320 megawatt power plant, beating Indian rivalLarsen & Toubro.[3]
In December 2014, it signed a contract to build the Nghi Sơn II Power Station in Vietnam, and in April 2015, theAnin Thermoelectric Power Plant in South Korea.[4][5] In February 2015, it delivered seawater desalination plant facilities forEscondida in Chile.[6] In June and July the company won tenders for water treatment plants in the United Kingdom and Oman.[7] In April 2015, the company delivered a nuclear reactor for theBarakah Nuclear Power Plant in theUnited Arab Emirates.[8]
In 2016, Doosan Heavy Industries and Construction acquired 1Energy Systems, a Seattle-based company that specializes in ESS control system software, to form Doosan GridTech[9]
The company began developing a large gas turbine for power generation (215–299.9 MW) in 2013 and completed development in 2019. The 270 MW model was installed at a Gimpo Combined Heat and Power Plant in 2023 and began commercial operation.[10][11]
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