Doosan Bobcat

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Doosan Bobcat is dedicated to strengthening its leadership position across its entire product portfolio.
To achieve sustainable growth, the company prioritizes diversifying its product offerings and globalizing its footprint, all while delivering innovative products and services.

South Korean conglomerate company

Doosan Group (Korean: ''''; Hanja: '''') is a South Korean multinational conglomerate corporation. In , the corporation was placed in the Fortune Global 500 index.[1] It is the parent company of Bobcat and Škoda Power. Doosan Group is the oldest running company in South Korea[2] and was ranked as one of the world's top 10 largest heavy equipment manufacturers in .[3]

History

The Doosan Group was founded in .[4] The company began as the Park Seung Jik Store in in Baeogai (now Jongno 4-ga, Seoul).

Doosan has developed into a multinational conglomerate.

The company's acquisitions include Doosan Heavy Industries & Construction in , Koryeo Industrial Development in and Doosan Infracore (formerly Daewoo Heavy Industries & Machinery in ) in .[3]

In , Doosan acquired the boiler engineering company Mitsui Babcock UK (renamed Doosan Babcock) and Kvaerner IMGB, the largest casting and forging company in Romania. In , Doosan acquired the construction machinery company Bobcat USA.[5] After the absorption of Bobcat USA into Doosan Infracore, the Doosan Group became the world's seventh largest supplier of construction machinery.[4] Doosan currently has 41,400 employees in 38 countries.[4]

In , 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, , Doosan and Doosan Bobcat were separated into independent companies.[6] In July , Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30% controlling stake in the company. Doosan Infracore is planned to become a subsidiary of the newly created Hyundai Genuine group.[7]

As of , Doosan has rebranded as Develon.[8]

Companies

Doosan Corporation (Holding Company)

• Doosan Corporation Electro-Materials supplies the main materials for polychlorinated biphenyls, a core part for electronics, including copper clad laminate and OLED materials (illuminating and common layer for fluorescence phosphorescence.)
• Doosan Corporation Digital Innovation provides customers including Doosan affiliates with information technology consulting, system setup, business system operation and information technology infrastructure operation.
• Doosan Corporation Fuel Cell Power: Doosan Corporation Fuel Cell has a full lineup of products, from power generation to residential use, based on its proprietary fuel cell technologies.
• Doosan Corporation Retail: Doosan Tower is a shopping mall with more than 550 fashion stores, attracting 20 million visitors each year.

Affiliates

Contact us to discuss your requirements of Doosan generator set. Our experienced sales team can help you identify the options that best suit your needs.

Auxiliary Organizations

• Yonkang Foundation, established in in honor of the company's first chairperson the late Yonkang Too Pyung Park, is involved in scholarships, R&D financing, overseas training for teachers, educational welfare and sharing books.
• Doosan Art Center supports young artists in its facilities, including Yonkang Hall, Space111 and Doosan Gallery.
• DBRI (Doosan Business Research Institute): The Doosan Leadership Institute hosts educational programs including workshops, forums, and seminars for employees of the group.

See also

References

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