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BUILDING YOUR TOMORROW TODAY Doosan Corporation Fact Book 2017 C0ntents 04 History of Doosan 05 Companies of Doosan 06 The Doosan Way 07 Doosan Corporation 08 Our Businesses 10 Electro-Materials 18 Industrial Vehicle 24 Mottrol 30 Fuel Cell 36 Doota DF 40 Glonet 44 Information & Communications 46 FM 48 Global Network Doosan Corporation 03 History of Doosan Established in 1896 as Korea’s first modern enterprise and now its oldest company with a proud 121-year history, Doosan has been making phenomenal growth on the strength of its revolutionary innovations since the late 1990s. With a sustainable management structure meeting the global standard, Doosan is starting a new chapter for a new century. 1896~1949 | The Foundation of Our Success 1896 •Park Seung-jik opened first store 1925 • Changed the name of Park Seung-jik Store 1915 • Started making Parkabun, a cosmetic Limited. powder 1950~1979 | The Birth of Doosan Group 1951 • Established Doosan Trading Company ( Currently Doosan Corporation (Currently Doosan Corporation Glonet BG) Electro-Materials BG) 1952 • Established Oriental Brewery • Established Doosan Development 1960 • Established Dongsan Construction 1975 • Established Dongyang Agriculture and Engineering (Currently Doosan 1978 • Renamed OB Group as Doosan Group Engineering & Construction) 1979 • Established Oricom Inc. 1974 • Established OAK Industries Korea 1980~1995 | Growth 1980 • Founded OB Seagram 1993 • Opened Yonkang Hall 1982 • Formed OB Bears (Currently Doosan Bears) (Currently Doosan Art Center) 1987 • Established Doosan Enterprise 1994 • Established Doosan Information & (Currently Doosan Cuvex) Communication (Currently Doosan 1988 • Acquired Duksoo Development Corporation I&C BU) 1991 • Founded Doosan Training & Technology • Recognized as the oldest enterprise Center in Korea 1996~2005 | Changes and Transformation 1996 • Announced Doosan Group’s new CI Construction (Currently Doosan Heavy • Celebration of the 100th anniversary of Industries & Construction) Doosan’s foundation 2003 • Acquired Koryo Industrial Development 1998 • Established Doosan Corporation 2005 • Acquired Daewoo Machinery •Completed Doosan Tower (Currently Doosan Infracore) 2000 • Established Neoplux • Acquired AES in the U.S. 2001 • Acquired Korea Heavy Industries and (Currently Doosan Hydro Technology) 2006~ | Global Growth 2006 • Acquired Mitsui Babcock UK (Currently 2013 • Doosan corp. merged with Doosan Doosan Babcock) Industrial Vehicle (Launched Industrial 2008 • Acquired Dong Myung Mottrol (Currently Vehicle BG) Doosan corp. Mottrol BG) 2014 • Established Doosan corp. Fuel Cell BG 2009 • Doosan corp. converted into a • Doosan corp. acquired Circuit Foil business-running holding company Luxembourg • Doosan corp. acquired Rushlift Ltd., 2012 • Advocated “The Doosan Way” a UK based company • Established Jiangyin Plant in China by 2015 • Doosan corp. Patenting Doota DF Store Doosan corp. Mottrol BG in Seoul • Established Changshu Plant by Doosan 2016 • Doosan corp. Doota DF Store Opens corp. Electro-Materials BG • Doosan Bobcat listed on the Korea • Acquired ENPURE, a UK based company Exchange (Currently, Doosan ENPURE) 2017 •E stablished Iksan Plant by Doosan Fuel Cell 04 Doosan Corporation Companies of Doosan Doosan Corporation Main Businesses Other Businesses Electro-Materials BG Doosan Mecatec Doosan Heavy Industries & Industrial Vehicle BG Construction ORICOM Power plant, Water, Casting Mottrol BG Hancomm Fuel Cell BG Doosan Infracore Neoplux Excavators, Wheel loaders, Doota DF BG and other types of Doota Mall construction equipment, and Engines Glonet BG Doosan Cuvex Information & Communications BU Doosan Bobcat Doosan Bears SSL, CTL, MEX and other FM BU types of small-sized construction equipment BG (Business Group) BU (Business Unit) Doosan Engineering & Construction Civil works, Building works, Housing works Doosan Engine Diesel engines for vessels and power generation, Diesel power plant 2016 Group Financial Highlight Sales Operating profits Total assets Total capital (KRW 100 million) (KRW 100 million) (KRW 100 million) (KRW 100 million) 164,107 9,172 286,648 79,009 Financial statements of Doosan Corporation, consolidated basis | In accordance with the Korean International Financial Reporting Standards (K-IFRS) Doosan Corporation 05 The spirit that drives our people is the core of the Doosan Way. The Doosan Credo is a set of principles that represent Doosan’s philosophies and our unique way of doing The Doosan business. These principles have been the foundation of Doosan’s success for the past century. The Doosan Credo Credo is integral to every aspect of our business and people, clearly guiding our decisions and the way we do business. Through the realization of these values, Doosan accomplishes its ultimate goal. The Credo consists of Doosan’s “Aspiration” and “Core Values”. Doosan’s ultimate goal is the creation of a “Proud Global Doosan”. In our Vision, each of our employees and Aspiration all of our stakeholders will benefit from, and be proud of their association with, Doosan. Every employee takes great pride in being a member of Doosan. Each customer recognizes and appreciates Doosan’s high-quality goods and services. Every shareholder values our sense of fairness and high levels of profit. Doosan People practice the nine core values of the Doosan Credo everywhere we operate, every day, to build a “Proud Global Doosan”. These values guide the way we do business, the way we treat each other and the way Core Values we work with all of our partners. The nine core values of the Doosan Credo are as follows: People / Cultivating People / Integrity and Transparency / Inhwa / Customers / Worldclass Technology and Innovation / Profit / Social Responsibilty / Safety and Enviroment Doosan's strategy is based on the principle of “2G”-Growth of Business by Growth of People. 2G is a virtuous circle in which people drive business growth, which in turn provides our people the opportunity for Strategy advancement. Doosan believes that sustained success can only come through people. People have been the foundation of our success for the past century and will help us build our next hundred years. Such trust in our people lies at the very heart of Doosan's management philosophy. Doosan People Doosan People are those who keep the Doosan Credo in their hearts and practice Doosan’s distinctive traits everywhere they operate. Traits of Doosan People are as follows. 06 Doosan Corporation Doosan Corporation Doosan Corporation exercises its capabilities in various businesses based on its advanced governance structure. As a parent company of Doosan, Doosan Corporation creates stable profits not only from its independent business, which is composed of six business groups— Electro-Materials, Industrial Vehicle, Mottrol, Fuel Cell, Doota DF, and Glonet—and two business units such as Information & Communications and FM, but also from brand royalties and dividends. Current Status of General Corporate Information Representative Major No. of Overseas Director business employees business 14 production bases, Electronic materials, Jeongwon Park, 4,165 13 corporation branches, hydraulic parts, forklift truck, Jaekyung Lee persons and 4 business branches in fuel cell, etc. 12 countries around the world Financial Highlights Sales Operating profits (KRW 100 million) (KRW 100 million) 20,671 19,954 18,736 2,564 2,134 2,254 2014 2015 2016 2014 2015 2016 Total assets Total capital (KRW 100 million) 37,447 (KRW 100 million) 21,105 21,126 35,096 34,782 21,093 2014 2015 2016 2014 2015 2016 Based on separate financial statements of Doosan Corporation In accordance with the Korean International Financial Reporting Standards (K-IFRS) Doosan Corporation 07 Our Businesses Electro-Materials Industrial Vehicle Mottrol Fuel Cell Electro-Materials BG Industrial Vehicle BG Mottrol BG Fuel Cell BG Doosan Corporation Electro- Doosan Corporation Industrial As a pioneer in the Korean hydraulics As one of the world’s best fuel cell Materials is leading the Vehicle is recognized as the world’s business, Doosan Corporation Mottrol companies, Doosan Corporation development of the electronics best logistics equipment producer develops and produces hydraulic Fuel Cell provides and supplies fuel industry by supplying the main that manufactures engine-powered components for construction cell products for housing, buildings, materials for PCB, a core part for forklifts and electric forklifts. As eco- equipment and defense systems. and generation as well as cell stacks electronics, including CCL (Copper friendly products with significantly Based on its accumulated experience and reformers, which are core parts Clad Laminate) and OLED materials reduced noise, vibration, and exhaust, and technology, Doosan is now for fuel cell systems. (illuminating and common layer for Doosan’s industrial vehicles earn high expanding its business to become a fluorescence phosphorescence). praise from customers from around global comprehensive components the world. Our vehicles are renowned manufacturer in the ISB field. for their high level of convenience and economic feasibility for drivers as well as their best performance and quality. Main Business Areas: Main Business Areas: Main Business Areas: Main Business Areas: CCL, OLED materials Engine-powered forklifts, Heavy equipment for construction PAFC (Phosphoric Acid Fuel Cell), electric forklifts, and hydraulic equipment for the PEMFC (Polymer Electrolyte warehouse equipment defense industry, Hydraulic pumps Membrane Fuel Cell) 08 Doosan Corporation Doota
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