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Company type | Public (traded on the Korea Stock Exchange) |
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KRX: 034020 | |
Industry | Power plants, Desalination Plants & Construction |
Founded | 1962 |
Headquarters | Changwon, South Korea |
Key people |
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Products | Nuclear power plants, Thermal power plants, Desalination plants, Castings and Forgings to Construction, Reactor vessel, Steam generator, Pressurised heavy water reactor, generators and Steam & Gas turbines of Power Plant |
Revenue | US$ 7.67 billion (2011) |
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 words Energy and Sustainability) formerly known as Doosan Heavy Industries, is a heavy industrial company headquartered in Changwon, South Korea. It was established in 1962. Its business includes manufacturing and construction of nuclear power plants, thermal power stations, turbines and generators, desalination plants, castings, and forgings.
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 in Dubai (UAE) and Tampa, Florida (USA). In 2007, Doosan Heavy Industries and Construction began the construction of Doosan VINA plant in Vietnam.
In 2008, Doosan Engineering & Construction signs a contract regarding the supply of nuclear equipment, such as reactor vessels and steam generators, with Westinghouse. 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 the United 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 won thermal 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 by National 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 rival Larsen & Toubro. [3]
In December 2014, it signed a contract to build the Nghi Sơn II Power Station in Vietnam, and in April 2015, the Anin Thermoelectric Power Plant in South Korea. [4] [5] In February 2015, it delivered seawater desalination plant facilities for Escondida 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 the Barakah Nuclear Power Plant in the United 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]
Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. It offers nuclear products and services to utilities internationally, including nuclear fuel, service and maintenance, instrumentation, control and design of nuclear power plants. Westinghouse's world headquarters are located in the Pittsburgh suburb of Cranberry Township, Pennsylvania.
Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors.
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Bharat Heavy Electricals Limited (BHEL) is an Indian central public sector undertaking and the largest government-owned electrical/ industrial technology company. It is owned by the Government of India, with administrative control by the Ministry of Heavy Industries. Established in 1956 with the help of Soviet technology, BHEL is based in New Delhi.
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.
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
Korea Electric Power Corporation, better known as KEPCO (Korean: 켑코) or Hanjeon (Korean: 한전), is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 96% of Korea's electricity generation as of 2023. The South Korean government owns a 51.10% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 83,235 MW. On the 2023 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 258. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of September 2024, KEPCO possesses an AA credit rating with S&P Ratings, while Moody's has assigned KEPCO an Aa2 stable rating.
HD Hyundai Infracore Co., Ltd., formerly known as Doosan Infracore, is a South Korean company that manufactures construction equipment and commercial and military engines. It is one of the largest construction equipment manufacturers by sales revenue. Doosan Infracore was acquired by HD Hyundai in 2021.
Nuclear power construction costs have varied significantly across the world and over time. Large and rapid increases in costs occurred during the 1970s, especially in the United States. Recent cost trends in countries such as Japan and Korea have been very different, including periods of stability and decline in construction costs.
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Altrad Babcock Ltd is a power sector OEM, construction, upgrade, and after-market services company that offers specialist services and technologies to the fossil-fired power generation, nuclear power generation, and oil, gas, and petrochemical industries. AB's main headquarters are in Crawley, England. European headquarters are in Renfrew, Scotland. The company has manufacturing facilities in the UK, Germany, India, Vietnam and South Korea, and 17 offices around the world.
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