Table of Contents
2 About Doosan A History of Transformation An Explosive Growth Record Global Expansion that Extends Our Reach
The Doosan Way
12 Our Infrastructure Support Businesses
36 Holding Company and Others
48 Corporate Social Responsibility
56 Financial Review
62 Domestic/Global Network Doosan has selected “ ” as the corporate slogan, which is based on the conviction that companies must contribute to humankind and help to shape the future. All Doosan employees now embrace this slogan, and we continue to enhance our capabilities as a global company through our unique value and philosophy.
Doosan is working at this very moment to provide the basics necessary for improving the quality of people’s lives. Doosan’s presence can be found in every area of the infrastructure support business, which encompasses industrial facilities, machinery, heavy equipment and construction. You are invited to watch how we are helping to shape the future for all.
About Doosan A History of Transformation
About Doosan Korea’s Oldest Enterprise (formerly Daewoo Heavy Industries & Machinery) in Doosan is Korea’s oldest business organization with 2005. Such major acquisitions have transformed our Our Infrastructure a proud history of 115 years. Doosan began in 1896 as business portfolio to one centered on the infrastructure Support Businesses Korea’s first modern retail business, known then as support business (ISB). Park Seung-jik Store and has grown and developed for Holding Company more than a century. Acquisition of Global Operations and Others Doosan has aggressively acquired companies outside A Journey of Dynamic Change and Innovation Korea to grow and globalize. In 2005, we acquired Corporate Social Responsibility Now a global ISB powerhouse, Doosan’s history the water treatement business of US-based American represents a story of dynamic change and growth. Engineering Service Inc. (AES) to set up Doosan Hydro Financial Review In 1946, Chairman Too Pyung Park renamed the Park Technology. In 2006, we acquired UK-based Doosan Seung-jik Store as the Doosan Mercantile Company, Babcock (formerly Mitsui Babcock Energy), with marking the start of our modern history. We diversified patented technologies in the design and engineering into brewing and international trade in the early 1950s of boilers, as well as a large-scale casting and forging and into construction, food & beverages, machinery, operation Doosan IMGB (formerly Kvaerner IMGB) in media and cultural services in the 1960s. By the 1970s, Romania. In 2007, Doosan Infracore acquired the US- Doosan was well established as a leader in Korean based Bobcat, the world’s No. 1 compact construction consumer products and culture-related businesses equipment company, to emerge as the world’s seventh- and our construction, machinery, and electronics largest construction equipment maker. In 2008, we businesses entered high-growth stages. acquired Doosan Mottrol (formerly Tongmyung Mottrol), During the 1980s, we focused on becoming a hydraulic systems specialist, and Norway-based international while also venturing into publishing and Doosan Moxy (formerly Moxy Engineering), a maker of advertising. In the 1990s, operations were divided into articulated dump trucks. Each of these acquisitions has three business sectors: information & retail, consumer added significant synergy value to our rapidly growing products, and high-tech materials. ISB business.
In 1995, one year before our 100th anniversary, we In 2009, Doosan acquired Czech-based Skoda began to rigorously restructure with an aim to reinvent Power, which possesses core technology for steam ourselves for the 21st century. We sold flagship affiliates, turbines, thereby securing all the technology needed including OB Beer, improved profitability by integrating for manufacturing all three core facilities in power 23 affiliates into 4 companies (Doosan Corporation, generation: boilers, turbines and generators. Doosan Engineering & Construction, Doosan Packaging and Oricom) and introduced advanced management A New History as a Top-tier Global Enterprise systems. We have accelerated our globalization through aggressive cross-border acquisitions. As such, Transition to an ISB-driven Business Portfolio Doosan now operates 25 domestic and 115 overseas With a better financial health and improved cashflows, subsidiaries, generating 55% of our sales from outside Doosan has accomplished remarkable change and Korea in 2010. growth through the acquisitions of new growth engines since 2000. Doosan acquired power and desalination Although we have already achieved significant changes, plant builder Doosan Heavy Industries & Construction we will continue to pursue further transformation to (formerly Korea Heavy Industries & Construction) provide exceptional products and services that inspire in 2001, Koryo Industrial Development in 2003 and trust and pride among our customers, shareholders construction equipment maker Doosan Infracore and employees. Sales growth (In trillions of KRW)
1998 2010 3.4 24.6
05 An Explosive Growth Record
About Doosan Average Annual Sales Growth : 22% New Growth Engines through Acquisitions Doosan chose to pursue the infrastructure support Doosan Infracore has also grown remarkably. In 2007, Our Infrastructure business as our new main growth engine, a choice the company acquired the American firm CTI, which Support Businesses that has generated phenomenal growth. Sales (which owns patented technology for engines powered by totaled W3.4 trillion in 2000) reached W24.6 trillion in a blend of hydrogen and compressed natural gas Holding Company and Others 2010, a CAGR of 22% per year. Over the same period, (HCNG) and Yantai Yuhua Machinery, a major Chinese operating profit increased from W300 billion in 2000 wheel loader maker. In 2007, Doosan Infracore also Corporate Social to W1.9 trillion in 2010. This achievement was made completed the acquisition of Bobcat, the world’s Responsibility possible through the simultaneous pursuit of both leader in compact construction equipment. This organic and inorganic growth. acquisition enabled us to climb to seventh place Financial Review among global construction equipment makers. A Balanced Growth of Scale and Profitability Doosan Heavy Industries & Construction’s sales Transition to a Holding Company Structure for have steadily increased from W2.5 trillion in 2001 Sustainable Growth to W7.8 trillion in 2010 (including overseas Doosan has maintained record growth by establishing subsidiaries). Equally impressive was the steady growth a technology-oriented business portfolio and in operating profit, which rose from W93.0 billion to successfully restructuring our capital structure. In W636.8 billion (including overseas subsidiaries), an 2009, we transitioned to a holding company structure average increase of 21% a year over the same period. after 3 years of preparation and established more The market capitalization of Doosan Heavy Industries transparent corporate governance. With renewed & Construction has also steadity increased from W980 focus on our core business as well as a strengthened billion in 2001 to W9.1 trillion ten years later. drive to enhance corporate value, we laid the foundation for long-term sustainable growth. Along with such organic growth, Doosan Heavy Industries & Construction acquired the North American operations of water treatment specialist American Engineering Services Inc. to establish Doosan Hydro Technology Inc. in 2005. The next year Doosan Heavy Industries & Construction acquired Doosan Babcock (formerly Mitsui Babcock Energy), a British maker of power generation equipment with patented boiler Sales (In billions of KRW) design and engineering technologies and Doosan IMGB (formerly Kvaerner IMGB), Romania’s largest ’14E 41,085.2 forging and casting operation. These acquisitions have laid the groundwork for advancing into the power ’10 24,603.7 plant markets of Europe and elsewhere. Furthermore in 2009, Doosan Heavy Industries & Construction ’09 21,386.3 completed construction of a large-scale production > ’08 22,704.4 plant in Vietnam and acquired Czech-based Skoda Power, which possesses patented technology for steam ’07 18,516.3 turbines. Thus the company is now equipped with core technology for boilers, turbines and generators. ’06 14,155.8 Annual revenue growth rate since 2000
22%
07 Global Expansion that Extends Our Reach
About Doosan Accelerating Globalization compact, mid-sized and large model lineups. Our diverse business portfolio allows us to improve Importantly, we are ranked first in the world for skid Our Infrastructure the lives of people around the world. Meanwhile, steer loaders and compressors, while our aggregate Support Businesses our global expansion is accelerating, thanks to sales of excavators in China remained the highest a talented workforce of 38,000 employees in 34 among all manufacutrers throughout 2010. Holding Company and Others countries (with more than 18,000 employed outside Korea) and a sales network spanning more than Doosan is ranked the second in the world for low Corporate Social 1,400 locations worldwide. In 2010, we generated speed marine diesel engines. Many other Doosan Responsibility W13.5 trillion in sales (over half of the total revenue) products such as work rolls and mold steel for cold from outside the Korean market. rolling, hydraulic turbines for hydroelectric plants and Financial Review crankshafts for large vessels have been selected as Efficient Networks that Span the Globe “World Best Products” by the Korean government. Doosan’s production plants span the globe from the US and Europe to Asia. Our production facilities are Ongoing Investment for Stronger Competitiveness closely linked with the Korea-based headquarters Doosan invested W1.25 trillion in 2010 to extend and global R&D and engineering networks based in global reach and bolster global competitiveness. the US, India and Europe to ensure that customers We continue to strengthen operations and expand worldwide receive top-quality products, technology the business network by hiring and training and services. globally competent talent. We are also adopting the International Financial Reporting Standards (IFRS) as An ISB Leader Recognized Worldwide part of our commitment to operating on the global Doosan has been recognized as a global leader stage and adhering to global standards. in various ISB sectors including power, seawater desalination, construction equipment and marine diesel engines.
In the power plant segment, Doosan Heavy Industries & Construction captured the top share of the world Overseas vs. Domestic Revenues (Unit: %) market for 10 consecutive years (2001~2010, in accumulated market share) in heat recovery steam generator (HRSG) production. Furthermore, we also
captured the largest market share for seawater 82 45 Domestic desalination plants in 2010. We further solidified our position as a global leader as we made contracts with the Saudi Saline Water Conversion Corporation (SWCC) for the largest-ever desalination plant to be built in Ras Az Zawr and the world’s largest single multi-effect distillation (MED) desalination unit to be built in Yanbu.
Overseas 18 55 Doosan has also completed a client-tailored construction equipment portfolio that encompasses ’98 ’10 Our global workforce 38,000 in 34 countries
09 The Doosan Way The values and philosophy that drive our growth
About Doosan Exclusive Values and Philosophy of the Doosan Way The Doosan Way is a unique set of corporate values and Our Infrastructure philosophy that has guided our growth. It is a systematic Support Businesses management philosophy for sustaining Doosan and
Holding Company raising our future competitive edge. The Doosan Way and Others consists of two key parts: the Doosan Credo and a distinctive business system. Corporate Social Responsibility The Doosan Credo A resolute vision, the Doosan Credo unifies our employees Financial Review worldwide, providing the direction in which we march together toward the future. Our shared aspiration is to be a global leader that provides world-class products and services that employees, customers, shareholders and other stakeholders can trust and take pride in. The Doosan Credo places the highest importance on people, integrity, innovation and delivering value to our customers and partners.
Efficient Business System Our core business system is comprised of human resources, strategy execution and financial management. Through this system, we implement our “2G Strategy” a manifestation of our conviction that our business can only grow through the growth of our people. It binds and systematizes our strategy with our people, multiplying business results. Doosan’s business system supports the performance-oriented culture of Doosan and paves the way for continuous growth and development.
Cultivation of Globally-Competent Personnel We established “People Infrastructure” to recruit, retain and train highly qualified people. In support of this effort, we operate Doosan Leadership Institute (DLI), a world- class human resources development center. Here, globally-competent personnel are being cultivated through cutting-edge training and education programs that employ the latest learning methods, case studies, simulations and a combination of online/offline learning. 11
Left to right: Jaebum Kwon, Doosan Corporation; Yousun Shin, Doosan Engineering & Construction; Taehwan Kim, Doosan Corporation; Sun Ying Xia, Doosan Infracore China; ; James B. Bemowski, Doosan Corporation; Meghann Mckinley, Doosan Infracore America; Trong Luan Do, HANVICO; Mublin A.G.Dawood, Doosan Heavy Industries & Construction; Jungyeon Kim, Doosan Corporation; Mahendra Vaidya, Doosan Heavy Industries & Construction; Pauly Virginie, Doosan Infracore Europe.
Our Infrastructure Support Businesses Our Infrastructure Support Businesses Enriching the world as an ISB leader
About Doosan The infrastructure support business (ISB) is both a growth engine and the key to our global Our Infrastructure expansion. ISB also delivers the essentials for Support Businesses enriching lives worldwide. The business is about building and operating infrastructure in the Holding Company and Others public and private sectors and includes energy development, parts and machinery, construction, Corporate Social civil engineering, transportation and other value- Responsibility added areas.
Financial Review Doosan’s ISB activities generate 89% of total sales and encompass various types of plants, construction equipment, machinery, military equipment, housing, expressways, bridges and industrial engines.
The rapid progress of urbanization, globalization, and the surging growth of the emerging markets will enable us to increase ISB market share and help enrich the world through continuous growth of our ISB business.
Sales Contribution by Business Type (Unit:%)
67 11 Other Businesses
Infrastructure 33 89 Support Businesses ’98 ’10 ISB share of sales portfolio
89%
15 Doosan Heavy Industries & Construction Changing the world with cutting-edge technology and expertise
About Doosan A Frontrunner in Industrial Plants Renewable Energy for Our Future Business Doosan Heavy Industries & Construction has Doosan Heavy Industries & Construction is Our Infrastructure spearheaded the growth of the Korean machinery developing solutions that will add value and Support Businesses industry by supplying basic materials such as improve performance by taking innovation and castings and forgings as well as facilities for technological excellence to the next level. Efforts Holding Company and Others nuclear, thermal, and hydraulic power generation; are underway to raise the competitiveness of seawater desalination and water treatment; main business areas and to discover new growth Corporate Social transportation and environmental protection. opportunities in power plant upgrades and related Responsibility In addition, the company is a world-class general services. We are a leader in developing clean coal contractor, well recognized for its technology and technologies, wind power generation, fuel cells Financial Review construction capabilities of industrial plants, and other next-generation energy technologies. In civil engineering projects such as subways, 2010, we completed the performance test of the expressways and high-speed railways, and large- WinDS3000TM, a 3 MW offshore wind power gen- scale projects. eration system developed by Doosan. We received out first order for three units to be installed at a A Global Leader in Power and Water wind farm in Sinan, South Jeolla Province, and Doosan Heavy Industries & Construction was received certification from the DEWI-OCC Offshore established in 1962 as Korea’s first power and Certification Centre GmbH (DEWI-OCC) for plant builder and subsequently has led the wind turbines. The DEWI-OCC certification will advancement of Korea’s plant technology. accelerate Doosan’s advance into the Europe an Since the 1970s, we have participated in almost US, Middle East, and Southeast Asia markets. every major power plant project in Korea, with 42 thermal power plants and 21 nuclear power plants either completed or under construction to date.
Sales (In billions of KRW) Overseas we have solidified our position as a 13,949.2 leading global builder of desalination plants. We won our first order for a desalination plant in 1978 and have built completed facilities with a combined daily output of 3.7 million tons of fresh water as of the end of 2010 with desalination plants under construction representing another 7,779.8 1.94 million tons in daily output. 7,684.6 7,030.2 EPC Capabilities Recognized Worldwide Doosan Heavy Industries & Construction is a 5,136.3 major engineering, procurement and construction 3,508.7 (EPC) contractor in the world market, providing services that include engineering design, basic material fabrication, equipment installation, commissioning and facility construction. ’06 ’07* ’08 ’09 ’10 ’14E We have large-scale massive power plant projects * Revenues of overseas subsidiaries are included in the Middle East, India and Southeast Asia. from 2007. Total power generation capacity
111 GW
17 Doosan Heavy Industries & Construction
About Doosan
Our Infrastructure Support Businesses
Holding Company and Others
Corporate Social Responsibility
Financial Review
EPC ourselves an OEM manufacturer with a wealth of original technologies and extensive track record Doosan Heavy Industries & Construction is a major in the areas of boilers and turbines—essential Engineering, Procurement and Construction (EPC) components of any power plant. To date, we have contractor for power plant projects, taking charge supplied 560 thermal power plant units to the of every process, from design and fabrication to domestic and overseas markets. Our ongoing procurement, installation and commissioning. research and development of new technologies We have won massive EPC orders in the Middle and outstanding products is enabling us to East, India and Southeast Asia since 2004. These expand our presence outside Korea. Doosan include the world’s largest thermal power plant Heavy Industires & Construction remained the complex (five 800MW units) at Mundra, India world’s top supplier of combined cycle power and the Jebel Ali M power station in the UAE. plants between 2007 and 2009. Noteworthy orders in 2010 include the US$3.42 billion Rabigh 6 project (to be the world’s largest Meanwhile, we are emerging as a major player power plant) in Saudi Arabia and the Mong in power generation services and environment- Duong 2 thermal power plant in Vietnam, where friendly fluidized-bed boilers. At the same time we we will participate as a partner in a project to are at a leader in developing and commercializing localize coal-fired power plants. In 2011, our technologies for the next-generation, eco-friendlier extensive know-how will be leveraged to integrate power industry, to include carbon capture & engineering and construction capabilities in order storage, wind power generation and fuel cells. to take our competitiveness still higher. In 2010, we received an order to supply wind turbine systems to the Sinan Wind Farm in South Power Jeolla Province, and we received international certification from Germany’s DEWI-OCC (Offshore We acquired Doosan Babcock in the UK and and Certification Center, laying the groudwork for > Skoda Power in the Czech Republic, positioning expansion into the global market for wind turbines. Nuclear Power Plants We are now emerging as a total solution provider, advancing into the water treatment business after Doosan Heavy Industries & Construction has signing a general engineering service agreement gained a global reputation in the nuclear power (technical license agreement) with Carollo (the industry by fabricating reactor vessels, steam largest water treatment company in the US) in generators and key components for nuclear power 2008 and contracts for the Ras Az Zawr project plants in Korea, the US and China. In 2010, we and Yanbu MED project in Saudi Arabia in 2010. delivered the first facilities of the Advanced Power Reactor (APR) 1400, a new third-generation Castings & Forgings nuclear reactor developed using exculsively home grown technology, installed at Shin-Korri Doosan Heavy Industries & Construction boasts Nuclear Power Plants 3 & 4, and completed the the world’s highest casting and forging capacity development of the man-machine interface and has the technology to provide top quality system (MMIS), the reactor coolant pump (RCP), materials that satisfy specifications. and other core components for nuclear power plants which will be installed at Shin-Korri Nuclear In the nuclear power plant supplies market, we Power Plants 1 & 2. have further sharpend our competitive edge by developing new technologies for ultra-large, Water Plants single-piece castings and forgings and succeeded in building mass-production capability. 19 Doosan Heavy Industries & Construction leads the world market for desalination plant construction We continue to identify new product candidates and has patented technologies for each of the such as high-gloss mold steel, and ultra-large three major methods employed to desalinated castings and forgings, and as of 2010, six product seawater: multistage flash (MSF) distillation, multi lines enjoy the reputation as ‘World Best Product’, effect distillation (MED) and reverse osmosis (RO). including low-pressure turbine rotor shafts. Doosan Heavy Industries & Construction
About Doosan
Our Infrastructure Support Businesses
Holding Company and Others
Corporate Social Responsibility
Financial Review > Doosan Power Systems Skoda Power > Doosan Heavy Industries & Construction’s Skoda Power is a 150-year old Czech-based advancement into the European and American company that designs and manufactures steam > power plant market was accelerated by the turbines and other power facilities. Skoda establishment of Doosan Power Systems in 2009. possesses patented technology in steam turbines DPS, which operates Doosan Babcock in the UK and has provided about 2,000 units to thermal > > and Skoda Power in the Czech Republic, is being and nuclear power plants. By acquiring Skoda reorganized into DPS Europe and DPS Americas. Power in 2009, Doosan Heavy Industries & Construction has been able to produce boiler- Doosan Babcock turbine-generator packages.
Doosan Babcock is a world-class company with Doosan Hydro Technology over 110 years of history in design, supply and construction of advanced steam generation Doosan Hydro Technology owns patented technology for the power plant industry. Doosan technolo-gies for reverse osmosis systems, which Babcock possesses source technology to design, account for 50% of the world’s desalination engineer and construct dust coal combustion facilities market. Thus, Doosan Heavy Industries boilers, a major product line in the world’s thermal & Construction is now equipped in-house with plant boiler market. Recently, Doosan Babcock technologies for all three of the major desalination became the world’s first to succeed in a 40MW system types: multistage flash distillation oxycoal clean combustion test, a size that can be (MSF), multi-effect distillation (MED) and reverse commercialized, paving the way to build a clean osmosis(RO). plant that emits no carbon dioxide. Doosan E&S (Engineering & Services) Doosan IMGB
Doosan E&S was established as a strategic Established in 1963, Doosan IMGB is the largest alliance with Burns and Roe, a renowned plant forging and casting company in Romania, engineering firm, in New Jersey in September equipped with a 13,000-ton press and capable of 2008. Doosan E&S will receive the engineering producing 140,000 tons a year. We have technology and know-how of Burns and Roe, while unsurpassed competitiveness in the world market the engineers at Burns and Roe will participate in for power plant castings and forgings and mostly the worldwide projects of Doosan Heavy Industries export our products to Europe, the Americas, & Construction. China, and the rest of Asia. Doosan IMGB will develop a second materials supply base (the first Doosan Vina is in Changwon, Korea) and plans to increase its sales to US$900 million in 2015, more than double Doosan Vina is a global production base inside the the current level. Dung Quat Industrial Complex in Vietnam com- pleted in May 2009 after more than two years Doosan Chennai Works of construction. Doosan Vina has 5 production plants and is fully equipped with its own port Chennai Works, which joined the Doosan Group and harbor facilities. These plants produce boilers, in 2011, is a manufacturer of boilers for coal-fired HRSGs, desalination plants and transportation thermal power plants. The company is located in 21 facilities. Local engineers are now being cultivated Chennai, India. Major products include water and efficiency raised to match the productivity of walls, coil, and headers for boiler systems with Changwon plant by 2011. Doosan Vina aims to be- capacities of 300MW and lower. We offer optimal come a major global production base with annual solutions and services tailored to the local needs earnings of US$ 330 million by 2020. of the Indian market via Doosan Chennai Works.
Doosan Infracore Emerging as a world-leading construction equipment maker
About Doosan A Global Leader in Construction Equipment at the Doosan Group R&D Center and the R&D Doosan Infracore is a world-class machinery units of each business group are dedicated to Our Infrastructure maker, providing top-quality products and creating high-performing, high-quality products Support Businesses services in the business areas of compact with environment-friendliness and value-added equipment, machine tools, engines, attachments features for the next generation. Going forward, Holding Company and Others and utility. The company leads Doosan’s we will further enhance our global technology ISB segment, bolstering overall product leadership by steadily expanding our R&D Corporate Social competitiveness and market position through investment. Responsibility ongoing technology and quality enhancement. A Rapid Rise toward the Global Top 3 Financial Review An Extensive Global Network Doosan Infracore is pursuing operational Doosan Infracore operates a broad global business innovations to bolster global competitiveness, network that includes local sales subsidiaries, with our vision to make each of our divisions rank branches, parts centers and technical centers among the world’s top three in their respective in diverse locations in the world as well as our businesses. We also focus on securing future dealer organization network extending worldwide. growth engines by developing and marketing In addition, we have built large-scale factories in next-generation construction equipment, Korea, China, the US, Belgium, Germany, France, compact equipment machine tools, engines, Hungary, and Norway to produce various kinds of attachments and utility with world-class construction equipment, and machine tools that performance and reliability. enable us to satisfy the diverse needs of local customers.
Continuous Expansion of World Market Share Our superior technologies, high quality products and exceptional services have raised customer satisfaction to increase our global market shares. Sales (In billions of KRW) We firmly lead the Korean markets for excavators 15,128.7 and machine tools, while our aggregate excavator sales total in China remains the highest in the industry. We maintain the top share of the US market for compact construction equipment and are steadily increasing our share of the 7,954.1 heavy-duty construction equipment segment. 7,371.3
Importantly,sales have skyrocketed in the newly 5,538.2 emerging markets of Latin America, the former 4,280.1 CIS, Africa and India. 3,710.0
Global R&D Capabilities Continuous R&D investment has enabled ’06 ’07 ’08 ’09 ’10 ’14E Doosan Infracore to secure the capabilities to * On a condolidated financial statement basis, develop world-class products. R&D personnel including DII Global vision of Doosan Infracore Top3 in the ISB
23 Doosan Infracore
About Doosan
Our Infrastructure Support Businesses
Holding Company and Others
Corporate Social Responsibility
Financial Review
Doosan Infracore Construction Bobcat Company Equipment (DICE) Based in North Dakota, Bobcat Company was the Doosan first to develop compact construction equipment and has remained solely committed to this The Doosan brand is proudly displayed on medium- business for more than half a century. Bobcat and heavy-sized construction equipment produced has a global production system that spans North by Doosan Infracore. We have been building a global America, Europe and Asia, with a product lineup production and business network since 1990 to that includes skid-steer loaders, mini excavators, become one of the world’s foremost construction mini track loaders, compact track loaders and equipment makers. We have received international telescopic tool carriers. The highly popular Bobcat recognition for advanced electronics and information brand of equipment is supplied to work sites technologies as well as for compliance with global around the world. environmental regulations. Currently, we operate large-scale construction equipment factories in We have built a wide base of customers Korea, China and Belgium. We have also established worldwide. Currently, the Bobcat brand of compact sales subsidiaries, branches, and a worldwide skid-steer loaders and compact track loaders dealership network, making us a truly global player enjoy the top share of their respective markets. in every respect. In China, Doosan was voted the The Bobcat mini excavator is ranked third in global highest for customer satisfaction in the excavator market share. industry for seven years from 2003. The recent global economic slowdown caused the In addition, our global operations keep expanding market for compact construction equipment to with Bobcat compact construction equipment and contract, but Bobcat’s position continued to grow in Montabert attachments. We are building a customer the compact skid-steer loader and mini excavator and market-oriented organizational platform while segments. Going forward, the Bobcat brand will maximizing synergy to make Doosan Infracore one of maintain world leading competitiveness through the world’s Top 3 construction equipment makers. synergy with Doosan Infracore. Portable Power and cutting heads are sold under the Tramac brand, while Geith products are attached to excavators, Portable Power is 140 years old and produces wheel loaders, track loaders and backhoes for compressors, generators, lighting systems and construction, excavation, demolition and scrap iron other items famous for reliability and durability. recovery. The lineup offers innovative solutions for manufacturers, builders and mining companies. Doosan Moxy Portable Power’s products have played important roles in the maintenance of world-famous Headquartered in Molde, Norway, Doosan Moxy structures such as Mt. Rushmore, the Hoover possesses the patented technology for articulated Dam, the Georges Dam and the Channel Tunnel. dump trucks (ADTs) ranging from 23 to 46 tons. Currently, Portable Power enjoys the top share of A sales subsidiary in the U.S. and R&D Center the world market for air compressors. in Norway are helping the company to increase market share in North America and Europe. ADTs Portable Power is responding to changing needs at are required equipment in the development of large work sites by adding smaller, lighter models as well mining sites and construction on rugged terrain. as concrete equipment, truck-mounted equipment and portable security systems. The acquisition of Doosan Moxy has further reinforced the brand image of Doosan Infracore as a Attachments construction equipment specialist. The heavy-duty equipment lineup has also been expanded through Doosan Infracore has three outstanding brands: the sharing of technology and dealer networks 25 Montabert, Tramac and Geith. The 50-year-old between Doosan Moxy and Doosan Infracore. Montabert line encompasses hydraulic rock breakers, demolition attachments, pulverizers, rock drill attachments and other machinery used in construction and demolition. Hydraulic rock breakers, demolition tools, vibration compactors Doosan Infracore
About Doosan
Our Infrastructure Support Businesses
Holding Company and Others
Corporate Social Responsibility
Financial Review
Machine Tools In 1997, we developed 28 models of turning cen- ters and machining centers. We have held our own Our machine tool business has expanded rapidly international machine tool exhibition biannually to in recent years and we are now striving to become display many of our new products, further enhanc- one the world’s top three machine tool makers. Our ing our standing as a world-class machine tool lineup encompasses turning centers, machining company. centers, numerically-controlled boring machines, electric discharge cutters, ultra-precision non- Our focus in 2010 was on reinforcing our spherical surface cutters, free-form surface cutting capabilities in preparation for the upcoming market machines and factory automation systems. recovery by preemptively cutting costs, reducing inventories and innovating operaitons. Turning machines and machining centers are main- We expanded our sales network and product stay product lines, and state-of-the-art products support in Korea and China, where market growth such as our own inverted vertical turning center, is particularly evident. 9-axis multifunctional turning center and ultra-high- speed (50,000rmp) turning center models have At the same time, we displayed our latest products been highly regarded in the market. and promoted our brand recognition by taking part in major international trade shows, including Doosan Infracore developed its first turning center SIMTOS 2010 in Korea and the International model in 1980 and has continued to expand this Manufacturing Technology Show (IMTS), the world’s business ever since. largest, in the US. Engines & Materials Doosan Infracore today has facilities to produce engines, materials and parts, while the engine Doosan Infracore started making diesel engines in lineup includes diesel engines and natural gas 1958. Since then, we have leveraged our R&D engines for buses, trucks, construction equipment, capabilities and production technology to remain folklifts, generators, ships, and special uses. as the industry leader in Korea. Annual output currently stands at 75,000 units, covering some 60 different engine models that We completed a larg-scale plant for mass-producing range from 70 to 1,500 hp. diesel engines in 1975. Ten years later, we develoed a diesel engine model with our own technology, We have continued to increase output capacity thereby strengthening our front-running position in and expand R&D faciltiies to respond to greater the industry. Our first low-emission diesel engine market demand and tighter regulations governing was developed in 1995, followed by CNG engines engine emissions. A compressed natural gas (CNG) for commercial vehicles in 1998. After the turn of engine factory was established in the United States the century, we succeeded in developing in 2008, and a joint venture factory with annual low-pressure natural gas(LPNG) engines for output of 50,000 diesel engines is under construction generators, sophisticated commom-rail engines, in Xuzhou, China. Production is scheduled to start and TierⅢ-compliant engines for construction up in the second half of 2011. equipment. In 2007, a heavy-duty diesel engine 27 model was completed that satisfies the strict Euro Ⅳemission control standards. Doosan Engineering & Construction Beginning a Brighter World
About Doosan A 50-year Tradition Beginning a Brighter World Doosan Engineering & Construction (E&C) was Doosan E&C faithfully fulfills corporate social Our Infrastructure established in 1960 and has subsequently advanced responsibilities, which became increasingly important Support Businesses in step with the history of Korea’s construction duty to any business operation. We are enhancing industry. transparency in every aspect of our business, from Holding Company and Others purchase, to sales, fabrication and construction, and New Challenges, Changes at Doosan E&C promote win-win partnerships with our suppliers, We have leveraged a wealth of know-how and Corporate Social conducting through fair trade based on mutual trust. Responsibility outstanding technology to execute diverse projects We maintain various CSR programs that include inside and outside Korea, laying the groundwork Habitat, the environment protection campaign, and Financial Review for social and economic advancement for half a our employees donate a portion of their salaries to century. Our flagship businesses of civil engineering, help needy people become self-reliant and grow. building construction and plant construction have been bolstered through change and innovation. Meanwhile in 2010, our merger with Doosan Business Portfolio Mecatec has allowed us to expand into the Civil Works Road, Highway, Railway, Subway, fabrication of Chemical Process Equipment(CPE) Tunnel, Port, Airport, Reclamation that will allow us to surge forward as a world-class Plant Chemical and Energy Plant, builder of infrastructure and plants. Environmental Plant, Industrial Plant Global Infra Solutions Provider Building Residential Facility, Works Commercial Facility, Remodeling, Doosan E&C has built the most kilometers of high- Mixed Use High-Rise Building speed rail track of any Korean construction company. CPE (Chemical Tower, Column, Reactor, We participated in the planning, construction and Process Pressure Vessel, Heat Exchanger, Equipment) operation of the New Bundang Line, Korea’s first Module privately-funded electric rail service, solidifying Steel Bridge Suspension Bridge, Truss Bridge, our position in this industry segment. In the CPE Cable-Stayed Bridge, Arch Bridge segment, our two factories at Changwon Korea have been augmented by the establishment of Doosan Sales (In billions of KRW) Vina in Vietnam in cooperation with Doosan Heavy 3,953.2 Industries & Construction. This overseas operation serves to strengthen our global competitiveness. Furthermore, we acquired KEPIC certification, nuclear power N stamp certification, and nuclear power plant 2,696.2 construction licenses, and now are preparing to take 2,310.3 part in nuclear power plant construction projects 1,939.9 inside and outside Korea. 1,910.3 1,798.0 These developments demonstrate our exceptional technologies on the world stage and reinforce Doosan’s reputation for superior technology. Over the mid-to-long term, Doosan E&C will emerge as a ’06 ’07 ’08 ’09 ’10* ’14E global player that provides total solutions related to * Including the sales of Doosan Mecatec(Jan.~Oct.), infrastructure. merged in 2010 2014 Order target
₩5trillion
29 Doosan Engineering & Construction
About Doosan
Our Infrastructure Support Businesses
Holding Company and Others
Corporate Social Responsibility
Financial Review
Civil Works of the road between West Suwon and Euiwang. Construction of such infrastructure is helpful to Doosan E&C is capable of performing all aspects preserving the environment and to enrich the future of civil works projects, from engineering and life for everyone. construction to maintenance and management. The project portfolio includes high-speed railways, Plant subways, roads, bridges, land preparation, land reclamation, and ports. We have laid more high- Doosan E&C competes head to head with world- speed rail track in Korea than any other builder, class builders in the construction of facilities and we applied the nation’s largest diameter to protect the environment as well as industial shield construction method when building Section facilities that provide the foundation for national 909 of Seoul Metropolitan Subway Line 9. competitiveness.
Privately-funded infrastructure (PFI) projects Our involvement in energy and environmental represent another main business area, where our plants help nature, people, society and industry wealth of experience, coupled with exceptional to come together as partners for more beautiful engineering, project planning and project execution world. We have built low-temperature liquefied capabilities provide us with the strongest position gas storage tanks and gas processing plants in in Korea. Doosan E&C was involved in building many countries. Moreover, we are engaged in the New Bundang rail line, the first privately- community energy systems, which projects that funded project of its kind in the Greater Seoul Area. include architectural consulting services, and our Other PFI projects of note include Section 5 of the competencies continue to grow in the new and Gangnam Beltway and the expressway upgrade renewable energy sector. Building Works Chemical Process Equipment
Architecture is an art form. Without the support of Doosan E&C leads the world in new orders construction technology, architectural masterpieces received for large and ultra-large chemical process would not be possible. Doosan E&C applies equipment (CPE). From our well-located and cutting advanced technological prowess coupled with edge fabrication factories in Korea and Vietnam, superb creativity and aesthetic sensibility to create we provide customized reactors, large towers & spaces of great artistic value. At the same time our columns, heat exchangers and pressure vessels. unique styling puts the finishing touches on spaces Doosan E&C became the first Korean company to that beautify the world around them. be qualified as a heavy wall reactor fablication for Chevron, one of the world’s largest oil refiners. The ‘Doosan We’ve’ apartment brand is setting new trends in modern living, and our rising brand power Steel Bridge provides us with outstanding competitiveness in apartment redevelopment and reconstruction Doosan E&C has been recognized as an projects. We have built massive residential and com- outstanding long span bridge builder for its superb mercial structures in Korea’s capital region as well performance and quality. Our modern facilities, as in Busan, Taegu and other major provincial cities. unique design program and various experiences, Currently the 80-story Doosan We’ve the Zenith in with all ‘design-fablicate-installation’ process. We 31 Haeundae is under construction. This 300 meter advanced into overseas markets for specialty bridge building will be Korea’s tallest mixed-use residential construction and are diversifying our portfolio to building when completed, and this monumental include bulk material handling equipment. project will elevate stature of Doosan E&C. Doosan Engine Becoming the world’s foremost engine maker
About Doosan Total Global Engine Maker To Be the No.1 Engine Maker in the World Doosan Engine is ranked among the world’s top Doosan Engine is firmly committed to the goal of Our Infrastructure makers of large low speed and medium speed becoming the world’s No. 1 engine maker. Support Businesses marine diesel engines. We also build and maintain We have implemented a meticulous quality internal combustion power plants that use diesel management system to ensure that our engines Holding Company and Others engines. Our annual output capacity stands as the and services are the best available. We also global leader of 14 million bhp and we have grown continue to devise innovation activities such as the Corporate Social to rank the second in the world market for large 3 Zeroes (zero defects, zero complaints and zero Responsibility marine engines. claims) and 3C Plus (clean factory, clean mindset and clean engine). Our Single PPM program Financial Review A Leader of the Marine Diesel Engine Industry promotes as well as rewards excellence for our We have established a leadership position within the suppliers, who are recognized for superior quality industry by exceeding accumulated production of 70 competitiveness around the world. million bhp in the shortest time in the world since we first built engines totaling 200,000 bhp in 1984. Our mainstay business is low and medium speed marine diesel engines for large vessels. In addition, we also build the main propulsion engines and shipboard generator engines for large vessels or special ships. Business Portfolio Our engine portfolio ranges from 700 to 116,000 bhp. Low Speed Diesel Engines Medium Speed Diesel Engines Specialized Factories and Efficient Production Diesel Power Plants System Parts Sales Technical Service Doosan Engine now has a low speed engine production capacity of 12 million bhp per year and has established an efficient production system with factories that specialize in specific engine sizes. Furthermore, with the completion of a new factory dedicated to medium speed engines, Doosan Engine boasts the industry’s first mass production Sales (In billions of KRW) system by continuous process. The factory is capable 1,980.0 2,019.1 of producing up to one thousand flawless medium 1,772.6 speed engines a year for a total annual output of 2 1,734.8 1,731.4 1,772.6 million bhp by establishing a “fool-proof ” system 1,734.8 1,731.4 that guarantees quality along with the production. We are now equipped to satisfy a complete range of 1,222.0 1,222.0 customer needs and be a key player in the ongoing 1,016.8 1,016.8 advancement of the marine engine industry. Our own technological roadmap calls for us to deepen and further advance core technologies to become a leader at upgrading engine design and reduce design costs for greater competitiveness. ’06 ’07 ’08 ’09 ’10 ’14E ’06 ’07 ’08 ’09 ’10 ’11E World’s market share for marine engines No.2
33 Doosan Capital / Neoplux Providing trusted financial services
About Doosan Doosan Capital Neoplux Trustworthy Global Financial Partner A Partner for Elevating Corporate Value Our Infrastructure Support Businesses Doosan Capital was founded in 1995 and has Neoplux offers direct investment and related Holding Company provided a suite of financial services that services as an investment firm specializing in and Others includes installment loans, leasing, factoring, venture capital, corporate restructuring and venture capital, and project financing. We are operations consulting. In 2002, we organized Corporate Social acknowledged as the market leader in equipment Korea’s first secondary fund, the Pre-KOSDAQ Responsibility financing and leasing in Korea. Secondary Investment Partnership, which Financial Review primarily invests in stocks held by venture Doosan China Financial Leasing Corp., a local capitalists. We now operate funds totaling some subsidiary of Doosan Capital, was established W800 billion on behalf of institutional investors. to reinforce equipment financing and support the Doosan Group’s ISB business in the Chinese We also offer optimal solutions to corporations market. Our company will expand into new areas and investors that need incubation funds for such as North America, Europe that will lay the startups and buyout funds for distressed groundwork for Doosan Capital to become a global medium-sized companies with excellent financial company. turnaround potential.
To achieve such goal, Doosan Capital will focus Our consulting unit offers systematic and on building solid assets, capturing profitability by professional services to help clients elevate efficient portfolio management and acquiring and operations to a world-class level. allocating talented resources for global captive business. Also our company plans to enhance risk management, sales, and marketing capabilities and secure the funding capacity to support global operations and cope with market volatility. Current corporate bond rating of Doosan Capital
A2+
35
Holding Company and Others Holding Company and Others Enhancing corporate value through advanced corporate governance
About Doosan In 2009, Doosan transitioned to a holding company magazines; Doosan Dong-A, value creator with top system to establish a more transparent and educational and cultural contents; Doosan Tower, Our Infrastructure advanced corporate governance system. After more than 550 fashion shops at a single location; Support Businesses three years of preparatory restructuring and cyclical the convenient, eco-friendly Ladena Resort with
Holding Company investment resolution, the Group has established enhanced accessibility thanks to the new Seoul- and Others a sustainable management system that is up to Chuncheon Expressway; and Doosan Bears, which global standards. always brings fun and excitement to sports fans. Corporate Social Responsibility Doosan Corporation operates both as a holding company that earns brand royalties and dividends Financial Review and a business entity that can independently generate income.
As a holding company, Doosan Corporation has participated in mergers and acquisitions to secure new revenue sources as well as bolster the competitiveness of existing business lines. In 2009, our financial structure received an additional boost through the sale of our liquor business and the acquisition of Doosan Mottrol (formerly Tongmyung Mottrol).
In addition, we established DIP Holdings in 2009 and acquired as subsidiaries Doosan DST, a defense company and SRS Korea, a leading fast food restaurant/concession company. Sales (In billions of KRW)
3,012.7 The electro-materials unit produces and supplies top-quality copper clad laminate (CCL) worldwide. This is an essential material for printed circuit
boards used in digital devices and electronics. 1,928.0 1,881.2 1,736.3 1,605.5
Doosan has also gained a strong reputation 1,218.1 outside the infrastructure support business (ISB).
In the service sector, Doosan has remained close to customers through Oricom, Korea’s foremost specialist in brand management; Doosan Magazine, Korea’s leading publisher of trendsetting ’06 ’07 ’08 ’09 ’10 ’14E 39 Doosan Corporation Operating as both a holding company and a business
About Doosan Electro-Materials (Jeongpyeong, Gimcheon, Iksan, and Yong-in) as Dominant Leader in Electronic Parts well as subsidiaries and/or branches in Hong Kong, Our Infrastructure Singapore, China, Japan, and Taiwan. Support Businesses Doosan supplies top-quality copper clad laminate (CCL), an essential material for printed circuit Doosan’s CCL products are recognized worldwide Holding Company boards, worldwide. Our product lines include epoxy- for superior quality and have certifications that and Others based CCL (for PCBs in high-performance electronics include KS (Korea), UL (the US), BSI (the UK), CSA (Canada), VDE (Germany), JET (Japan), ISO 9001 and Corporate Social such as computers, LCDs, mobile phones, digital Responsibility communications and handsets), and phenol- ISO 14001. based CCL (for PCBs in TVs, VCRs, audio players, Financial Review refrigerators, washing machines, CD-ROM drives Our extensive technology and expertise in the and DVD-ROM drives). CCL business have been applied to diversify into flexible CCL, metal CCL, organic light emitting Our CCL client base includes Korean electronics diodes (OLED). Demand for CCL is now being driven giants, Samsung and LG as well as other global by the growth in the world markets for mobile powerhouses such as Sony, Hitachi, Toshiba, phones, computers and advanced network. We are IBM, Philips, AT&T, Thomson and Siemens. committed to meeting this new demand with top- We operate plants and R&D centers in Korea quality products. Mottrol In addition, we applied our power-train system Globally-recognized Parts Maker technology to develop our own gearbox, a key component for wind power generation systems. We have established a system for producing 30,000 Commercialization is now underway. traveling motors, swing motors, main pumps, main In 2010, Mottrol posted W403.7 billion in revenue control valves (MCVs), and other parts for hydraulic (up 77% YoY) and W59.2 billion in operating income equipment per month. Mottrol’s quality and environ- (41% higher YoY). Major capital investments are ment management systems have received certifica- being made in 2011, including the construction of tion for ISO 9001, KSD 0050-9000 (Korean defense plants in China and an engineering house in Ger- industry quality control standard) and ISO 14001. many, to bolster R&D and production capacities.
Our ongoing R&D effort has resulted in the localized We continue to concentrate our resources on improv- production of hydraulic equipment and our travel- ing technology, product quality, and customer servic- ing motors for excavators were named a “World es in order to obtain a greater share of international Best Product” by the Korean Ministry of Commerce, markets. Our vision is to become a top-tier hydraulic Industry and Energy in 2006. Early in 2011, aggregate equipment maker with annual revenue of W1.2 tril- hydraulic equipment output broke the one-million- lion by 2014, and we continue to grow in pursuit of unit mark for the first time in Korea. this goal.
41 Doosan Corporation
About Doosan Glonet emulsifier (PL95), which was selected as a next- 115 Years of Trading Experience generation top-grade product by the Ministry of Our Infrastructure Knowledge and Economy in December 2008. We Support Businesses Doosan started out in 1896 and has remained in have the specialized people and infrastructure for trading for 115 years. The trading arm was renamed offering domestic overland shipping as well as Holding Company Glonet in 2007 and the portfolio was restructured international marine shipping services. and Others to include trading, biotechnology and logistics. We are also working to initiate a new business of Corporate Social Responsibility We import and export chemicals, architectural the construction equipment leasing to diversify interior finishing materials, and food materials our revenue sources and enhance the profitability. Financial Review based on our long-accumulated global sourcing capabilities and network. High growth will be maintained by enhancing the competitiveness of core businesses and Our biotechnology unit develops new materials constantly developing high value-added business for pharmaceuticals, health foods and special- lines and new products. We will leverage the purpose cosmetics, as well as natural plant optimal business portfolio to become one of growth regulators. We are exploring major markets the world’s top service companies, providing such as China and India to sell our medical fat differentiated value to customers. Information & Communications Importantly, we have been establishing three global Total IT Service Provider for Doosan bridgeheads with local offices in the US, China and Europe in order to enhance the IT service support The Information & Communications (I&C) delivered to the overseas units of Doosan Group business unit of Doosan Corp. provides complete affiliates. These offices will spearhead the effort to services for Doosan operations worldwide, integrate IT personnel and IT infrastructure within including IT consulting, system integration, and the Group, helping to further elevate the quality of application & IT infrastructure operations and IT IT services available. infrastructure management service. Going forward, we will work to maximize customer I&C focuses on promoting the success of core value, which in turn will raise the competitiveness Group operations and performing its role as an of Doosan affiliates’ global operations. In the integrated manager of IT supply to Doosan Group process, we will grow as a world-class supplier of to effectively support the affiliates with their rapidly integrated IT services. growing businesses. To this end, we strive to acquire world-class competencies, while maximizing intra-Group synergy through our integrated IT operation inside and outside Korea.
43 DIP Holdings Improving corporate value and capabilities through efficient investment
About Doosan Doosan DST carriers, and 30mm combined surface-to-air weapon Defense Specialist with Global Competitiveness systems. These projects are currently underway. Our Infrastructure Support Businesses Doosan Defense Systems & Technology (Doosan DST) Doosan DST’s technology is gaining recognition obtained government permission to participate in the internationally as well. Since the first export of K200 Holding Company defense industry in 1973 and has played an important and Others armored fighting vehicles to Malaysia in 1993, we role in improving Korea’s self-defense posture by exported Barracuda (4x4) armored wheeled vehicles Corporate Social developing and producing an impressive array of to Indonesia in 2004. In 2009, we made a contract to Responsibility high-precision and high-tech weapon systems. These export the Blackfox (6x6 and 8x8 armored wheeled include K200 armored fighting vehicles and surface- vehicles) to Indonesia and currently are producing the Financial Review to-air guided weapon systems, such as the Biho products. We are also working on the export and local (“Flying Tiger”) and Chunma (“Pegasus”). testing of surface-to-air, guided weapon systems, K21 APC, and Black Fox wheeled APC to the Middle East To note, we completed development of the K21 and Southeast Asia. armored personnel carrier in 2007. The next-generation APC is recognized for world-class technology and Doosan DST aims to remain on the forefront of the currently under mass production. In 2009 and 2010, future defense industry by leveraging our excellent Doosan DST signed contracts for developing next- technology and executing differentiated export generation multiple-rocket launchers and ammunition strategies. SRS Korea Doosan Industrial Vehicle A Major Food Service Provider High-performance Logistics Equipment Maker
SRS Korea is a major force in Korea’s restaurant Doosan Industrial Vehicle Co., Ltd. joined DIP industry with globally recognized brands and holdings in 2011. Annual output capacity now stellar management. Our customers enjoy stands at 35,000 high-quality forklifts in more convenient food and friendly service in clean and than 150 different models. We have secured comfortable dining environments. unrivalled leadership in the domestic market by improving the cost structure and enhancing product We run 142 Kentucky Fried Chicken restaurants competitiveness. Meanwhile, we developed and 112 Burger King franchise outlets in Korea. variable hydraulic system technologies for engine- Our chain of Lente coffee and bakery cafes, powered forklifts and a new line of Tier-III-compliant currently in 7 locations nationwide, plans to forklifts ranging from 2 to 8 tons as part of our further increase the number of stores. program to create next-generation, models that are We also engage in the concession business, better for the environment and more fuel efficient. with food and beverage outlets at Incheon We are also working on hybrid power systems for International Airport and the Korea University electric-powered and heavy-duty engine-powered Ansan Hospital. forklift models.
45 Doosan Bears Korea’s Favorite Professional Baseball Club The Doosan Bears team was crowned the Korean baseball champion in the first season of the professional baseball league in 1982. The team won two more championship titles in 1995 and 2001 and has steadily advanced to the post-season, maintaining its reputation as an excellent baseball team. In addition, Doosan Bears developed an i-Phone application, opened a mobile homepage for smart phones first as a baseball team and joined social network service (SNS) for active communications with fans.
About Doosan Doosan Dong-A Our Infrastructure Support Businesses Value Creator with Top Educational and Cultural Contents Holding Company Doosan Dong-A is the No.1 textbook publisher in Korea, and Others playing an important role in the advancement of education by developing and distributing textbooks and educational Corporate Social materials for preschool students; reference books for Responsibility elementary, middle and high-school students; language learning texts; and dictionaries and various digital Financial Review educational contents. Thanks to ongoing R&D, our printing business has gained a reputation among domestic and overseas customers for high-quality books, labels, packaging, efficient order handling and quick turnaround times.
Doosan Magazine Korea’s Leading Publisher of Trendsetting Magazines
Doosan Magazine has a license agreement with Conde 、 Nast Publications of the US to publish and distribute premium magazines in Korea that feature distinctive concepts and target-specific readerships. Our titles include the Korean editions of Vogue, the fashion Bible; GQ, the men’s lifestyle magazine; Vogue Girl, the No. 1 young fashion magazine; Allure, the beauty and style magazine; W, the unique and intelligent fashion magazine with oversize pages and stunning photography; and Style.Com Korea, a portal providing information on the latest global fashion trends. Each publication is the leader in their respective market segments.
Doosan Tower More than 550 Fashion Shops at a Single Location DOOTA (for “Doosan Tower”) is a ten-story fashion shopping mall that is home to more than 550 retail outlets. Here, consumers have access to a diverse and unique product selection in a “one-stop” shopping environment. The mall has grown into one of the nation’s most popular shopping destinations, attracting over 20 million domestic and overseas customers annually. With continuous renovation, DOOTA has been realizing top customer satisfaction as a highly sensitive, high-quality fashion powerhouse by adding greater convenience and an ambient shopping environment.
Doosan Feed & Livestock Korea’s Leading Animal Feed Specialist With acquired experience and technology over half a century, Doosan Feed & Livestock produces more than 120 types of livestock feeds. Equipped with a fully automated system from the initial stage of material input to final production, we have an annual output capacity of 400,000 tons. We acquired the HACCP certification of the Ministry for Food, Agriculture, Forestry and Fisheries in 2005, establishing a safety management system for livestock products that meets international standards. In addition, Doosan Feed & Livestock makes strenuous efforts to lay groundwork for achieving the No. 1 brand recognition and customer satisfaction of Doosan brand, ‘ Baekdoo Feed.’, Doosan Feed & Livestocks made a new drug development R&D MOU and made an industry-academy cooperation MOU with Chungang University. We also strive to develop top-quality feed products through tests under thorough test specifications at the research farm of Chungang University and Doosan Anmyeon-do farm.
Oricom Korea’s Foremost Specialist in Brand Management Oricom was established as Korea’s first comprehensive advertising agency in 1967 and has orchestrated effective PR campaigns for clients for over 40 years. Today we raise the value of our clients’ brands through integrated marketing communications services that encompass the four main media (broadcast, newspapers, magazines and outdoor advertising) as well as media planning, special promotions, brand consulting and Internet marketing. We have assisted numerous multinational companies in launching their businesses in Korea. In the future, we will continue to create new and highly successful campaigns in order to grow with our clients.
Doosan Cuvex A New Standard for Luxury at Ladena Resort Doosan Cuvex operates the Ladena Resort in Chuncheon known as the city of lakes with a 21-year history. The Ladena Resort consists of one of Korea’s most prominent golf clubs and the Ladena Condominium. The name “Ladena,” (from the words “lake,” “garden,” and “nature”) sums up 47 the beautiful setting provided to guests. The Ladena Golf Club boasts top-tier field services and offers a breathtaking lakeviews, lush gardens, and scenic trails. Doosan Cuvex offers world-class services to ensure that guests have an enjoyable and memorable experience.
Corporate Social Responsibility Corporate Social Responsibility Sharing our commitment to the future and building a sustainable society
About Doosan Doosan has engaged in various community service Doosan Art Center: Incubator of Culture & the Arts activities to fulfill corporate social responsibilities. Our Infrastructure In 2010, dedicated CSR units were established The Doosan Art Center operates Yonkang Hall, Support Businesses at Doosan Corp. and each Doosan affiliate to Space 111 (small theater) and Doosan Gallery Seoul enhance CSR specialization and systematization. as well as Doosan Gallery New York and Doosan Holding Company and Others Unique programs continue to be developed under Residency New York in Chelsea. The Center serves the principle of cultivating talent and helping as an “art incubator” that discovers quality works Corporate Social people to become self-reliant. and talented young artists in music, drama, and the Responsibility fine arts. Yonkang Foundation: The History of our CSR Effort Financial Review Domestic & Overseas CSR Programs by Doosan The Yonkang Foundation was established in 1978 Companies in memory of Doosan’s Founding Chairman Too Pyung Park (1910-1973). The Foundation practices Each Doosan affiliate engages in regular CSR Chairman Park’s belief that “Education drives national activities in close cooperation with local advancement.” In parallel to the CSR, Yonkang organizations and helps local communities Foundation supports various academic and cultural advance in the countries where they do business. programs that promote understanding of Korean Each company organizes a volunteer group, culture and the national image on the world stage. establishes programs for volunteer activities such as a salary deductions for charity and matching Major CSR Programs grants. Dedicated CSR departments develop and Scholarships operate tailored volunteer programs for needy Yonkang Scholarship people in local communities. Doosan Scholarship for Teenagers in Need Scholarship for Students in Areas Affected by Natural Disasters Chinese Studies Research Scholarship The “Tea of Appreciation” campaign, an initiative Scholarship for Departments of Korean Languages in Foreign started in 1991, has delivered instant coffee and tea Universities Doosan Sports Dream-Tree Scholarship to military units near the border with North Korea Scholarship for Multi-cultural Households to boost the morale of the soldiers. Other programs Academic research support include building homes for homeless people, Yonkang Environment Research Fund cleaningup local attractions and donating books to Yonkang Academic Award Science Research Fund local elementary schools that have established Education “sisterhood” ties with Doosan. After-school Programs The book donation program Overseas Observation Tours for Teachers In 2009, we started to provide volunteer medical Culture service in Vietnam in cooperation with Chung-Ang Incubating Artist Program Overseas Trip Support for Artists Doosan Residency New York Doosan Artist Award University Medical Center. Our people also helped with the relief effort after earthquakes struck Employee Participation Doosan Volunteers Activities Qinghai, China.
51 Corporate Social Responsibility
About Doosan Participation in the Management of CAU We will also contribute our part in national and Foundation social development by fostering young and Our Infrastructure competent global talent through successful Support Businesses Doosan has remained involved in nurturing management of the CAU Foundation. competent future talent. As part of this effort, Holding Company and Others we began to participate in the management of Chung-Ang University (CAU): A Proud Institution Chung-Ang University (CAU) Foundation in 2008. with a 93-year Tradition Corporate Social This endeavor is separate from the Yonkang Responsibility Foundation, which sponsors scholarship programs. Founded in 1918 as Chung-Ang Kindergarten, Chung-Ang University has now grown into one of the Financial Review The CAU 2018+ Plan was established in advance of most prestigious universities in Korea. During its 93- the university’s 100th anniversary in 2018 with the year history, CAU has graduated 152,187 BA holders, stated goals of becoming a “world-class institution 30,693 MA holders and 4,634 Ph.D holders. of knowledge generation and higher learning” and a “world-renowned university that students CAU was reorganized from 18 colleges with from around the world want to attend.” Doosan is 77 departments to 10 colleges with 47 supporting this plan to realize the vision of CAU as a departments to elevate educational efficiency leader in educational innovation and development. and research performance. The university also introduced five vice president positions to head The prestigious 93-year-old institution has each of the five faculties (Humanities & Social acquired the top-class certification in the Sciences, Natural Sciences & Engineering, comprehensive university evaluation and has Business & Economics, Medicine & Pharmacy, graduated many important opinion leaders in and Arts & Sports Sciences). The vice presidents Korea over the years. CAU is ranked among Korea’s are granted the autonomy to run their academic top 10 in the number of graduates who passed the faculty according to its specific needs. national bar and CPA exams, and ranks first for passing the custom’s house broker exam. A multi-campus system is now considered essential for CAU to be a leader in the global The graduate schools of Law, Business age, so new campuses are being established in Administration and Medicine have been strong in Hanam, Gyeonggi Province (east of Seoul) and Korea traditionally, along with the School of Geomdan, Incheon (west of Seoul). This expansion Pharmacy, School of Business Administration, will significantly elevate CAU’s competitiveness School of Mass Communication and Department while improving university management and of Advertising and Public Relations. Furthermore, campus life. CAU has built close relationships with 300 renowned universities around the globe to offer international exchange programs.
53 Corporate Social Responsibility
About Doosan Support for Nurturing Future Talent Overseas Educational Programs Growing Hope
Our Infrastructure Doosan believes that education is the key In 2001, Doosan funded the establishment of Support Businesses to developing individuals, corporations and the Bajiao Elementary School in the Economic & nations and we have been an active supporter of Technological Zone of Yantai, China. With that as Holding Company academic research and education. Since 1979, our a start, we have participated in Project Hope, a and Others organization has donated W6.0 billion for scientific program that is stretching across China to eradicate illiteracy and offer children in economically Corporate Social research, particularly in the environmental and Responsibility medical fields. Another W12.0 billion has been disadvantaged districts a new hope for the future. provided for our annual scholarship programs. Through Project Hope, we had completed 27 Financial Review Each year, the Yonkang Scholarship program elementary schools as of 2009 and have been pays all tuition and other school-related fees for constructing three more elementary schools since recipients chosen among university and high- 2010. As such, the Doosan Group strives to fulfill school students on the basis of merit. The diverse our responsibilities as a corporate citizen and academic research support and scholarship obligations to the communities where we operate. programs of the Doosan Group will continue to contribute to advancing our academic knowledge and nurturing future talent. Environment, Health & Safety International Culture Exchanges to Bring the World Closer Together Doosan fulfills corporate social responsibilities with a firmly rooted commitment to environmental Doosan is committed to learning about the protection as well as to the health and safety of history, people, language and culture of wherever employees. We know that all employees and those our companies conduct business. We also want of partner companies have the basic right to work to provide opportunities for others to learn about in a safe and healthy environment and that this Korea and Doosan. In 1988, we funded the is a principle that cannot be easily compromised. establishment of a Korean Studies program at the Therefore, all Doosan work sites are under a strict University of Auckland in New Zealand. Since then, EHS management system and abide by all related we have supported Korean Studies programs at laws and regulations. We believe that making EHS Washington University, University of Hawaii (US), the highest priority will ultimately elevate corporate and University of Barcelona (Spain). value. Doosan strives to develop products and We also continuously support Korean Studies technologies that are highly energy efficient and departments at major universities in China, India, thus can meet our green growth objectives and Vietnam and Romania. enhance the health of the employees. Going forward, we will continuously implement this EHS philosophy worldwide.
55
Financial Review Summary Financial Review
About Doosan The performance of Doosan has increased Doosan Heavy Industries & Construction remarkably since the beginning of the new . Our Infrastructure millennium. Total sales skyrocketed, from Power and Water Plant Business Expansion Support Businesses W3.4 trillion in 2000 to W24.6 trillion in 2010, - Won the world’s largest thermal power plant Rabigh Holding Company while operating profit increased from W300 billion and Others in 2000 to W1.9 trillion in 2010. The financial - Won the contracts for the world’s largest structure has become stronger with the debt-to- desalination plant in size at RasAzZawr and and Corporate Social equity ratio dropping from 771% in 1996 to 216% the world’s largest single multi-effect distillation Responsibility in 2010. (MED) desalination unit at Yanbu.
Financial Review . Ranked No. 1 in the global market share (56.7%) This review will provide an understanding and of sea water desalination in 2010 analysis of the Doosan fiscal results for the . Developed Korea’s first 3MW-level sea wind power year 2010. Our operations are focused on the system WINDS3000TM infrastructure support businesses (ISB) and more than 89% of our sales are made in that . Achieved the largest-ever orders of KRW 13.8 trillion sector. ISB sales are quite sensitive to general economic circumstances. A number of factors . Received the 2010 HSE(Health, Safety & beyond expected corporate competition can affect Environment) Best Contractor Award our short term operating results. These include exchange rate fluctuations, the loss or expiration Doosan Infracore of technology licenses, costs associated with new technology development and the timing of . Frontrunner in the Chinese construction machinery market technology launches and the adverse effects of Largest number of accumulated excavator sales tougher regulations.
. Acquired CNG engine, North America R&D success is a major factor affecting our long Emission Certification (US 10), term success. Like other leading ISB players, we The strictest emission regulation in the world devote substantial resources to R&D with benefits that emerge over the long term. Doosan Engine
Many of our companies grew rapidly in 2010 . Diesel Engine Global Leader 2nd in the world low speed engine market amid these dynamic changes. Here are just a few highlights of the successes for the year: Doosan’s global competitiveness was The Road Ahead strengthened in the difficult business year of 2010. The mainstay units performed very well Doosan is advancing steadily toward the goal of and the major product lines saw an increase in the joining the world’s Top 200 Companies by 2020. global market share. Doosan Heavy Industries & Our focus on core technology development will Construction recorded the top and second largest continue to provide a competitive edge and share in the global markets of desalination allow us to transform our business to meet new plants and heat recovery steam generator (HRSG) opportunities. Our unifying “2G Strategy” – the respectively, firmly establishing itself as the growth of business through the growth of people frontrunner in the global market for power and – will ensure that we grow to become the world’s desalination plants. Doosan Infracore has drawn number one company in the infrastructure support attention as a new leader in the global heavy business (ISB). machinery market. We look forward to each milestone that measures We have bolstered the R&D program, secured our success. At the same time, we will work proprietary technologies through acquisitions that hard to develop quality products and services provide Doosan with greater competitiveness, and that allow more people to enjoy the benefits of are more customer focused than ever. We invested electricity, potable water, construction machinery, W1.25 trillion last year, while building outstanding bridges, expressways, financing, advertising, business systems and programs for nurturing publishing, fashion and leisure. talented individuals with global competencies. The pulse of transformation is all around us. Having met all our short-term goals of the past Doosan sees the results in all our businesses, as several years, we are now focused on the future. we continue to grow into an even more dynamic Our true strengths lie in our diverse business and global company. portfolio as well as our ability to manage every aspect of every business with imagination and rigorous attention to detail. We know we can always improve, shape our business plans even more strategically, continue to give back while doing well and continue to build upon the support and respect of valued employees and customers.
59 Financial Statement 2009
(In millions of US$)
About Doosan Total Total Shareholder's Operating Description Companies Sales Assets Equity Income Our Infrastructure Support Businesses Listed Doosan Corporation 2,354 1,555 1,043 74 Company Holding Company and Others Doosan Heavy Industries & 9,570 2,890 6,582 458 Construction*
Corporate Social Responsibility Doosan Infracore* 9,197 2,178 4,743 -199
Financial Review Doosan Engineering & 2,558 747 1,979 99 Construction
Samhwa Crown & 91 73 67 9 Closure
Oricom 85 34 67 3
Non-Listed Doosan Engine* 2,119 67 1,518 101 Company Doosan Mecatec* 877 304 505 33
Doosan Capital* 1,950 179 162 2
Neoplux 47 36 25 5
Others** 2,698 1,050 1,625 118
Grand Total 31,546 9,113 18,316 703
Won/US Dollar as of the year end December 31, 2009: 1,167.60/1 * The assets, shareholders' equity, sales and operating income of Doosan Heavy Industries & Construction, Doosan Infracore (Including DII), Doosan Engine, Doosan Mecatec and Doosan Capital are on a consolidated basis including the results of overseas subsidiaries. ** Other companies include NeoTrans, Dong Hyun Engineering, Doosan Dong-A, Doosan Motors, Doosan Bears, Doosan Feed & Livestock, Doosan Cuvex, Doosan Tower, Doosan DST, RexCon, N-Shaper and SRS Korea. Financial Statement 2010
(In millions of US$)
Total Total Shareholder's Operating Description Companies Sales Assets Equity Income
Listed Doosan Corporation 2,799 1,796 1,410 116 Company Doosan Heavy Industries & 9,460 3,149 6,831 559 Construction*
Doosan Infracore* 9,111 2,110 6,984 573
Doosan Engineering & 4,349 1,103 2,367 56 Construction
Oricom 89 38 79 5
Non-Listed Doosan Engine* 1,714 298 1,520 204 Company Doosan Capital* 2,344 168 196 -44
Neoplux 54 35 24 5
Others** 2,500 1,010 2,192 225
Grand Total 32,420 9,707 21,603 1,699
Won/US Dollar as of the year end December 31, 2010: 1,138.90/1 * The assets, shareholders' equity, sales and operating income of Doosan Heavy Industries & Construction, Doosan Infracore 61 (Excluding DII), Doosan Engine and Doosan Capital are on a consolidated basis including the results of overseas subsidiaries. Firgures for Doosan Engineering & Construction include those for Doosan Mecatec. Samhwa Crown & Closure was sold in November 2010. ** Other companies include NeoTrans, Dong Hyun Engineering, Doosan Dong-A, Doosan Motors, Doosan Bears, Doosan Feed & Livestock, Doosan Cuvex, Doosan Tower, Doosan DST, RexCon, N-Shaper, SRS Korea and Samhwa Crown & Closure . Domestic Network
Doosan Corporation Doosan Engineering & Doosan Bears Inc. Doosan Cuvex Co., Ltd. Doosan Tower 18-12 Construction Co., Ltd. 10, Jamsil 1-dong 1007-1 Joungjok-ri, Sindong-myun Euljiro 6-ga, Jung-gu, Seoul Doosan Bldg., 105-7 Songpa-gu, Seoul Chunchon, Gangwon-do Tel 82 2 3398 0114 Nonhyeon-dong Tel 82 2 2240 1777 Tel 82 33 260 1114 Fax 82 2 3398 1135 Gangnam-gu, Seoul Fax 82 2 2240 1788 Fax 82 33 263 6060 www.doosan.com Tel 82 2 510 3114 www.doosanbears.com www.ladenaresort.com Fax 82 2 510 3836 Electro-Materials www.doosanenc.com Doosan Dong-A Co., Ltd. DFMS Yonkang Bldg., 270 www.weveapt.co.kr Yonkang Bldg., 270 Yeon-ji-dong, 105, Nonhyeon-dong Yeonji-dong, Jongno-gu, Seoul Jongno-gu, Seoul Gangnam-gu, Seoul Tel 82 2 3670 8820 Doosan Engine Co., Ltd. Tel 82 1644 0600 Tel 82 2 2007 6200 Fax 82 2 3670 8829 69-3, Sinchon-dong, Seongsan-gu Fax 82 2 3670 5002 Fax 82 2 518 2881 www.dse.co.kr Changwon, Gyeongsangnam-do www.doosandonga.com www.dfms.co.kr Tel 82 55 260 6000 Mottrol Fax 82 55 283 2233 Doosan Magazine RexCon 456-3 Nae-dong, Seongsan-gu www.doosanengine.com Doosan Bldg., 105-7 2726 Bangbae-dong Changwon Gyeongsangnam-do Nonhyeon-dong Seocho-gu, Seoul Tel 82 55 269 5114 Doosan Capital Co., Ltd. Gangnam-gu, Seoul Tel 82 2 2182 7777 Fax 82 55 269 5220 4F Seoulsquare 541 Tel 82 2 510 4500 Fax 82 2 2182 7778 www.doosanmottrol.com Namdaemun-ro 5-ga, Jung-gu, Seoul www.rexcon.co.kr Tel 82 2 6456 1700 Fax 82 2 510 4501 www.style.co.kr Glonet Fax 82 2 6456 1800 Yonkang Foundation www.vogue.co.kr Doosan Bldg., 105-7 www.doosancapital.co.kr Yonkang Bldg., 270 www.gqkorea.co.kr Nonhyeon-dong Yeonji-dong, Jongno-gu, Seoul www.voguegirl.co.kr Gangnam-gu, Seoul Neoplux Co., Ltd. Tel 82 2 766 7771 Tel 82 2 510 4700 Doosan Tower 18-12 www.allurekorea.com Fax 82 2 745 9896 Fax 82 2 510 4901 Euljiro 6-ga, Jung-gu, Seoul www.wkorea.com www.yonkang.org www.doosan.com/glonet Tel 82 2 3398 1070 Fax 82 2 3398 1071 Doosan Feed & Livestock Yonkangwon(DLI) Information & www.neoplux.com Corporation 52-2, Gil-dong, Gangdong-gu Communication 15-6 Samjeong-dong, Ojeong-gu Seoul Yonkang Bldg., 2;70 DIP Holdings Bucheon, Gyeonggi-do Tel 82 2 2401 3000 Yeonji-dong, Jongno-gu, Seoul Doosan DST Tel 82 32 680 3114 Fax 82 2 476 8266 30, Sungju-dong, Seongsan-gu Tel 82 2 3670 8500 Fax 82 32 681 0104 dli.doosan.com Changwon, Gyeongsangnam-do Fax 82 2 3670 8555 www.doosanfeed.com www.doosan.com/ic Tel 82 55 280 6114 Fax 82 55 280 6118 Doosan Tower Corporation Doosan Heavy Industries & www.doosandst.co.kr Doosan Tower 18-12 Construction Co., Ltd. Euljiro 6-ga, Jung-gu, Seoul 555, Gwigok-dong, Seongsan-gu SRS Korea Co., Ltd. Tel 82 2 3398 2386 Changwon, Gyeongsangnam-do Yonkang Bldg., 270 Tel 82 55 278 6114 Yeonji-dong, Jongno-gu, Seoul Fax 82 2 3398 3028 Fax 82 55 264 5551~2 Tel 82 2 3670 8323 www.doota.com www.doosanheavy.com Fax 82 2 3670 8398 www.srs-korea.com Oricom Inc. Doosan Infracore Co., Ltd. www.kfckorea.com Doosan Bldg., 105-7 7-11, Hwasu-dong www.burgerking.co.kr Nonhyeon-dong Dong-gu, Incheon Gangnam-gu, Seoul Tel 82 32 211 1114 Doosan Industrial Vehicle Co., Ltd. Tel 82 2 510 4114 Fax 82 32 211 1231 7-18, Hwasu-dong Fax 82 2 542 3966 www.doosaninfracore.com Dong-gu, Incheon www.oricom.com Tel 82 32 211 5000 Fax 82 32 211 5010 www.doosan-iv.com Global Network
Doosan Corporation Doosan Power Systems Europe Ltd. Hanjung Power Ltd. Beijing Office Bredeneyer Strasse 2b, 45133 Essen, P.O.Box 2803, Borokom Gateway Plaza, Tower B, 19th Floor Electro-Materials Germany NCD, Papua New Guinea No. 18 Xiaguangli, North Road, Tel 49 201 4517 320 Tel 675 320 0529 East Third Ring, Chaoyang District, HONG KONG Fax 49 201 4517 328 Fax 675 321 2984 Beijing 100027, China
Doosan (H.K.) Ltd. v Tel 86 10 8454 7131~33, 7122 Suite 1210B Tower 2, China Hong Kong Skoda Power Ltd. - Overseas Branches Fax 86 10 8484 7139 City, 33 Canton Road, Tsimshatsui Tylova 1/57 | 301 28 Plzen, Czech Kowloon, Hong Kong Tel 420 378 185 128 Americas Hanoi Office Tel 852 2815 2238 Fax 420 378 185 900 #1101, Daeha Business Center, Fax 852 2317 0231 Doosan Heavy Industries America corp. 360 Kim Ma Street, Doosan Power Systems India Pvt. Ltd. Parker Plaza 10th Floor Ba Dinh District Hanoi, SHANGHAI New Delhi Office 400 Kellby Street Forth Lee NJ 07024 Vietnam Room 306, No. 3203 Hong Mei Road DLF Building No. 8A, 3rd Floor, USA Tel 84 4 6273 0545 Min Hang District, Shanghai DLF Cyber City Phase II Tel 1 201 944 4554 31, 24 Fax 84 4 6273 0550 201103, China Gurgaon 122 002, Haryana, India Fax 1 201 944 5022 Tel 86 21 6465 9398 Tel 91 124 439 8200 Jakarta Office Fax 86 21 6465 9658 Fax 91 124 414 7007 Pittsburgh Office Plaza Bapindo, Mandiri Tower 20F C/O Westinghouse Electric Company Jl Jend Sudirman No. 54-55 SHENZHEN Chennai Office Suite 115C, 600 Cranberry Woods Jakarta, Indonesia Room 2212-2213, Chang Ping Gee Gee Universal, 5th Floor No. 2 Drive, Cranberry Township, Tel 62 21 2995 0105 Commercial Building, Hong Hua Road McNichols 600 031, India PA 16066, USA Fax 62 21 2995 0108 99, Fu Tian Free Trade Zone, Tel 91 44 2836 6930 Tel 1 412 374 6071 Shen Zhen, China Fax 91 44 2836 6936 Fax 1 724 720 0903 Mumbai Office Tel 86 755 8278 8201 501, CNB Square, Sangam Fax 86 755 8278 8955 Doosan Chennai Works PVT Ltd. Santiago Office Complex, Andheri Kurla Road, 18/2A Senneerkuppam Bypass Road, Nueva Tajamar 481, Oficina 1103, Andheri(E), Mumbai 400059, SINGAPORE Poonamallee, Chennai 600 056 Las Condes, Santiago, Chile India Doosan Electro-Materials Tel 91 44 2649 2050 Tel 56 2 657 3333 Tel 91 22 6177 0500 Singapore Pte Ltd. Fax 91 44 2649 4012 Fax 56 2 657 3343 No.3 International Business New Delhi Office Park # 03-14 Doosan Hydro Technology Inc. Schenectady Office 515, 5th, Time Tower, Nordic European Centre 912 Chad Lane, Tampa, General Electric Building 33, MG Road Gurgaon, 122 002, Singapore 609927 Fl 33619, USA Room 202A, One River Road, Haryana, New Delhi, India Tel 65 6862 6327 Tel 1 813 805 8860 Schenectady, NY 12345, USA Tel 91 11 4665 3300 / 91 12 4665 3300 Fax 65 6862 6329 Fax 1 813 623 6092 Tel 1 518 385 5218 Fax 91 11 4665 3333 / 91 12 4665 3333 Fax 1 518 385 4984 / 91 12 4665 3345 TOKYO Doosan HF Controls Corp. Doosan Japan Co., Ltd. 1624 West Crosby Road, Suite 124 Windsor Office Hyderabad Office Room 2411 Mita Kokusai Bldg. 1-4-28, Carrollton, TX 75006, USA 20 International Drive, Windsor, 119, 1F, White House, Block-3, Mita, Minato-Ku, Tokyo, Japan Tel 1 469 568 6526 CT 06095, USA 6-3-1192/1/1, Kundan Bagh, Tel 81 3 3452 6261 Fax 1 469 568 6589 Tel 1 860 731 6479 Begumpet, Hyderabad 500 016, India Fax 81 3 5730 9016 Fax 1 860 731 6482 Tel 91 40 6613 2444 Doosan IMGB Fax 91 40 6613 4227 TAIWAN 104 Berceni Road, Bucharest 4, Tampa Office 5F, No.216 ,Yuan Hwa Rd. Jhong Li, Romania 912 Chad Lane Shanghai Office Taoyuan County, Taiwan Tel 40 21 301 3745 Tampa, Florida 33619 Rm 809, Bulding A Far East Tel 886 3 427 1210 Fax 40 21 301 2502 USA International Plaza No. 319, Fax 886 3 427 5583 Tel 1 813 549 0182 Xian Xia Road, Chang Ning District Doosan Enginering & Services Llc Fax 1 813 623 6666 Shanghai 200051, China Doosan Heavy Industries & 5 Paragon Drive, Montvale, Tel 86 21 5877 8696 Construction Co., Ltd. NJ 07645, USA Doosan Water Tampa R&D Center Fax 86 21 5877 5938 Tel 1 201 746 8200 912 Chad Lane, Tampa, - Overseas Subsidiaries Fax 1 201 746 8210 Florida 33619, USA Taipei Office Tel 1 813 805 8860 7 Fl 4, No.51, Keelung Road Section 2, Doosan Power Systems Ltd. Doosan Heavy Industries Fax 1 813 623 6092 Taipei, Taiwan, R.O.C 11 The Boulevard, Crawley, Vietnam Co., Ltd. [Doosan Vina] Tel 886 2 2739 2255 West Sussex, RH10 1UX, UK Dung Quat Economic Zone, Binh Thuan Asia & Oceania Fax 886 2 2739 2266 Tel 44 1293 61 2888 Commune Binh Son District, Fax 44 1293 58 4816 Quangngai Province, Vietnam Dosan Heavy Industries Japan Corp. Sydney Office Tel 84 55 713 001 Mita Kokusai Building, Room 2410 Suite 2, Level 16, 201-217, Doosan Power Systems Ltd (Babock) Fax 84 55 713 008 1-4-28, Mita, Minato-gu Elizabeth Street, Sydney, NSW2000, Porterfield Road, Renfrew, PA4 8DJ, UK Tokyo 108-0073, Japan Australia Tel 44 141 886 4141 Doosan Heavy Industry & Tel 81 3 3452 5451~3 Tel 61 2 9283 6114 Fax 44 141 885 3338 Vietnam Haipong Co., Ltd. Fax 81 3 3452 5624 Fax 61 2 9283 6200 Km 92, National Highway 5, So Dau Doosan Power Systems Americas Ltd. Ward, Hong Bang District, Haiphong Bangkok Office 5 Paragon Drive, Montvale, City, Vietnam 10th Floor, M-Thai Tower New Jersey 07645, USA Tel 84 31 371 2710 All Seasons Place, 87 Wireless Road Tel 1 201 746 8210 Fax 84 31 371 2714 Phatumwan, Bangkok 10330, Thailand Fax 1 201 746 8610 Tel 66 2 654 0690 Fax 66 2 654 0693 Europe Doosan Infracore Co., Ltd. Doosan Infracore Germany GmbH. Doosan Infracore Machine Tools (Machine Tools) Yantai Co., Ltd. Beiling Office Frankfurt Office EMEA Doosan Infracore Construction Hans-Boeckler-Strasse 27-29, Room 603, Zhongchen Building Arabella Center, 9th Floor Equip. HQ D-40764 Langenfeld-Fuhrkamp, No.1 Lize Zhong 2 Road, Wangjing Lyoner Strasse 44-48 Dreve Richelle 167 Waterloo B1410 Germany Chaoyang District, Beijing, China Frankfurt am Main 60528, Germany Belgium Tel 49 2173 85090 Tel 010 64390500 (601-608) Tel 49 69 69 5004 11 Tel 32 23 71 68 11 Fax 49 69 69 5004 10 Doosan Infracore Forklift Germany Doosan Infracore China Co., Ltd. Doosan Infracore Europe S.A. Heinrich-von-Stephan-Str. 240764 (Construction Equip.) Middle East & Africa (Construction Equip.) Langenfeld Germany No.28 Wuzhishan Road, Eco&Tech. Add 1A, Rue Achille Degrace Frameries Tel 49 2173 203 5227 Development Area, Yantai Shandong Abu Dhabi Office B7080 Belgium 264006 China Al Ghaith Tower, 5th Floor, Room 508, Tel 32 478295266 Doosan Infracore Logistics Europe Tel 135 0535 2797 Hamdan Street, P.O. Box 27767, GmbH (Forklifts) Abu Dhabi, UAE Doosan Infracore Belgium S.A. (Forklifts) Am Stieg 17 OT Freiwalde D–15910 Doosan Infracore Shandong Co., Ltd. Tel 971 2 627 6273 Europark Noord 36A 9100 Bersteland Germany (Construction Equip.) Fax 971 2 627 6274 Sint – Niklaas Belgium Tel 49 035 474 2080 No.1088, Xinchengdajie Street, Tel 32 3 760 0987 Muping Economic Developing Zone, Middle East Operations Center Doosan Moxy AS Yantai Shandong 264100 China Moanarch Office Tower, Level 30, Doosan Bobcat Engineering s.r.o. Varhol Elnesvagen N6440 Norway Tel 138 0535 1970 Sheikh Zayed Road, Doosan Bobcat Manufacturing s.r.o. Tel 47 712 68 603 P.O Box 11859 Dubai, UAE U Kodetky 1810 Dobris CZ26312 Doosan Infracore Machine Tools Tel 971 4 327 5545 Czech Republic Doosan Infracore Turkey Technical Yantai Co., Ltd. Fax 971 4 327 5592 Tel 420 318 532 258 Center (Machine Tools) No.1, Dayu 1 Road, Eco&Tech. Uzuncayir Cad. NO.:31 A1 Blok, K:2, Development Zone, Yantai Dubai Office Doosan Infracore Forklift Italy D:14, 34722 Hasanpasa, Istanbul, Shandong, China 30th Floor, Monarch Office Tower, 43 Via Alighieri Dante, Lissone, Turkiye Tel 86 535 6935000 One Sheikh Zayed Road, MB 20035, Italy Tel 90 216 428 5441 P.O. Box 11859, Dubai, U.A.E. Tel 39 039 2457140 Doosan Infracore China Co., Ltd. Tel 971 4 327 5545 Doosan Infracore UK (Forklifts) Fax 971 4 327 5529 Montabert Lyon (Construction Equip.) E-10, Wuzhishan Road, Eco&Tech. 203 Route Grenoble Saint Priest Unit 6.3- Nantgarw Park Treforest Ind. Development Area, Yantai Shandong Doosan Water Dubai R&D Center F69800 France Estate Cardiff CF15 7QU U.K. China Monarch Office Tower, Level 29, Tel 33 4 72 22 97 58 Tel 44 1443 845650 Tel 86 535 639 9156 Sheikh Zayed Road, P.O. Box 11859, Bobcat of Lyon SAS Doosan Infracore UK (Forklifts) Doosan Infracore Suzhou Co., Ltd. Dubai, U.A.E. Rue Champ Dolin BP 11 Saint Priest Unit12 Kilvey Road Brackmills (Construction Equip.) Tel 971 4 327 5545 F69800 France Industrial Estate Northampton 10/F, Xing Hai Plaza, No.198 Xing Hai Fax 971 4 327 5596 Tel 33 472 79 78 73 NN4 7BQ UK Street, SIP, Suzhou Jiangsu 215021 Tel 44 1604 825650 China Kuwait Office Bobcat France Tel 86 0516 8773 9000 Office No. 7B, Block 4, Plot 35 Rue de Nantes 44160 Doosan Infracore Russia Laila Commercial Tower Pont Chateau France (Construction Equip.) Doosan Infracore China Co., Ltd. Salmiya, Kuwait Tel 33 2 40 00 73 75 Kransnoprenenskaya quay 12, (Construction Equip.) Tel 965 2575 2001/965 2551 8436 Office No.1503 Room A, 25, Zhao-Feng Universe Fax 965 2551 8453/965 2575 2001 Doosan Infracore France 123610, Moscow, Russia Building, 1800 Zhongshan W. Rd (Construction Equip.) Tel 7 495 258 1837 Shanghai Shanghai 200235, China Riyadh Office ZAC de la Clef Saint Pierre - Buroplus Tel 021 64400842 Office No. 205 & 206, The Plaza 21a, avenue Jean d’ Alembert Elancourt Doosan Infracore Russia Technical Building (Akariya Mall No. 4), F78990 France Center (Machine Tools) Doosan Trading(Shanghai) Co., Ltd. Olaya Street, P.O. Box 9656, Tel 33 1 3016 2151 Krasnaya st.1, Lubercy, Moscow Reg., (Construction Equip.) Riyadh 11423, Kingdom of Saudi Russia 140 000 Room 2102 - 2104, Tower B, Arabia Doosan Infracore Forklift France Tel 7 495 981 83 45 Dawning Center, 500 Hong Bao Tel 966 1 419 1920, 1696 ZAC La Clef St. Pierre - Buroplus 21a Shi Road, Chang Ning District Fax 966 1 419 1920, 1695 av. Jean d’Alembert - 78990 Elancourt Doosan South Africa Shanghai Shanghai France (Construction Equip.) 201103 China Doha Office Tel 33 1 3016 2151 10 Fricker Road IIIovo Boulevard IIIovo Tel 86 21 3209 2288 ext.1821 Abdulla Al Kuwari Building, ZA2196 South Africa Al Muntaza Area, C Ring Road, Geith International Ltd. Tel 27 11 864 3933 Doosan Infracore Machine Tools Doha, Qatar Grangegeeth Slane Co Meath Ireland Yantai Co., Ltd. Shanghai Office Tel 974 4443 5201 Tel 353 41 9824143 Doosan Infracore China Investment (Machine Tools) Fax 974 4443 5218 Co., Ltd. 13 Building, 140 Tianlin Road, Doosan Trading Ltd. (Construction Equip.) 19/F, Tower B, Gateway. No.18, Xuhui District, Shanghai, China Cairo Office Block B Balheary Road Business Xiaguangli, North Road East Third Tel 021 54451155 812 815 2nd floor, Land Mark Building 1, Campus Swords Co Dublin Ireland Ring,Chaoyang District, Beijing 100027 Southern 90th Road Tel 353 1 6502000 China Doosan Infracore China Co., Ltd. (just after NATA Building, Tel 139 1074 0224 Xi’an Branch City Center, the first section) Bensheim GmbH (Construction Equip.) (Construction Equip.) Cairo, Egypt Berlinger Ring 169 Bensheim DE64625 Doosan Infracore China Co., Ltd. RoomA-03, 4/F, Jinye Buiding, Tel 20 2 2613 1038 Germany (Construction Equip.) No. 100, South Second Ring Xi’an Tel 49 6251 8482 314 19/F, Tower B, Gateway. No.18 Shanxi 710065, China Xiaguangli, North Road East Third Ring, Tel 029 88376731 Doosan Infracore Europe S.A. Chaoyang District, Beijing Beijing, (Construction Equip.) 100027 China Heinrich von stephan Strasse 2 Tel 010 84782608 Langenfeld-Fuhrkamp DE-40764 Germany Tel 49 2173 2035218 Doosan Infracore China., Ltd. Shen Doosan International South East Doosan Infracore America Corp.(Forklifts) Doosan Engineering & Yang Branch (Construction Equip.) Asia Pte Ltd. (Construction Equip.) 4350 Renaissance Parkway, Construction Co., Ltd. Room 2306 tower C President 42 Benoi Road Jurong 629903 Warrensville Heights, Building, No. 69 Heping North Street Singapore OH 44128-5758, USA U.A.E Branch Office Heping District, Shen Yang Liaoning Tel 65 6499 0200 Tel 1 216 595 1212 Flat 62, Tawam Tower 1, Khalifa St., 110003 China Abu Dhabi, U.A.E. Tel 024 22812783 Doosan Infracore India Pvt.Ltd. Doosan Infracore America (Engines) Tel 971 2 627 5983 (Construction Equip.) 2905 Shawnee Industrial Way NW Fax 971 2 627 5984 Doosan Infracore China., Ltd. Wu 3rd Floor, TNPL Building No.67, Mount Suwanee, GA 30024 USA Han Branch Road, Guindy Chennai 600032 India Tel 1 770 831 3481 Houston Office (Construction Equip.) Tel 91 99 4064 8687 4900 Woodway Drive, Suite 725 4103 A, Shi Mao Plaza, No.686 Jiefang Doosan Infracore America Corp. Houston, Texas 77056, U.S.A. Avenue Wuhan Hubei 430020, China Doosan Infracore India Technical (Machine Tools) Tel: 1 713 961 4646 Tel 027-83316519 Center (Machine Tools) 19 Chapin Rd, Pine Brook, Fax: 1 713 961 4647 Site No 143-B2, B3&B4, Bommasandra NewJersey 07058 USA Doosan Infracore China Co., Ltd. Industial Area. I&II Phase, Tel 1 973 618 2500 Doosan Vina (CPE Plant) Cheng Du Branch (Construction Equip.) Hebba Godi village, Attibele Hobli, Dung Quat Economic Zone, Binh F, 6F, Hongdi Building, No.153 North Anekal Taluk, Bagalore, India Doosan Infracore America Midwestern Thuan, Binh Son, Quang Ngai Kehua Road Chengdu Sichuan 610021 Tel 91 080 4266 0110 Technical Center (Machine Tools) Province, Vietnam China 1701 F Howard Street Elk Grove Village, Tel 84 55 3618 900 Tel 028 86026029 Bobcat Corp. Japan IL 60007, USA Fax 84 55 3618 954 636 Morooka-cho Kohoku-ku, Tel 1 847 437 1010 Doosan Infracore China Co., Ltd. Yokohama 222-0002 Japan Doosan Engine Co., Ltd. HeFei Branch (Construction Equip.) Tel 81 45 532 0151 Doosan Infracore America Western Room 1005 10th floor,Sunan Plaza, Technical Center (Machine Tools) HAMBURG NO.389-399 Jinzhai Road Hefei Anhui Doosan Infracore Japan Corp. 488 W. Meats Ave. Orange, Heidenkampsweg 100, 8 O.G, 230061 China Doosan Portable Power Japan Ca 92865, USA Hamburg, Germany 20097 Tel 0551 5178362 2402, mita Kokusai Bldg, Tel 1 714 974 1330 Tel 49 40 2533 5656 1-4-28 Mita, Minato-Ku Fax 49 40 2533 5661 Doosan International Manufacturing Tokyo 108-0073 Japan Doosan Infracore America Eastern China Co., Ltd. (Construction Equip.) Tel 81 3 5730 9011 Technical Center (Machine Tools) SHANGHAI 88 Wufang Road, Wujiang Economic 2906 Business Park Room C.23F Huadu B/D #838 Development District Wujiang Anhui Doosan Infracore Construction Equip. Drive Building C, Zhangyang Road, 215200 China North America HQ Memphis, TN 38118, USA Pudong, Shanghai 200120, China Tel 138 6204 1916 400 Perimeter Center Terrace Suite 750 Tel 1 901 362 5192 Tel 86 21 6875 0876 Atlanta GA 30346 USA Fax 86 21 6875 0864 Doosan Infracore China Co., Ltd. Tel 1 770 353 3800 Doosan Infracore America Southern (Forklifts) Technical Center (Machine Tools) SINGAPORE No. 1702, Tower2, BoYa International Doosan Infracore Construction Equip. 10010 Houston Oaks Drive, 78,ShentonWay,#16-04, Center, No.1 Lizezhongyi Road, 400 Perimeter Center Houston, TX 77064, USA Singapore 079120 Chaoyang District, Beijing China Terrace Suite 750 Tel 1 832 912 2000 Tel 65 6222 5515 Tel 86 10 8478 2608 Atlanta GA 30346 USA Fax 65 6222 5525 Tel 1 770 353 3883 Doosan Portable Power Canada Doosan Infracore China Co.,Ltd. 1185 Matheson Blvd, Doosan Marine Industry(Dalian)Co., (Engines) Bobcat Company East Mississauga, ON L4W 1B6 Ltd. [DMI] 1800 Zhongshan W.Rd. Shanghai, PO Box 128 210 1st Ave NE Gwinner ND Tel 1 905 206 0022 Dagushan Nangang Industry Park, 200233 China 58040 USA Development Zone, Dalian, P.R. China. Tel 86 21 6440 3050 Tel 1 701 678 6241 Doosan Bobcat Chile S.A. P.C. : 116601 SAN IGACIO #701 – Parque Industrial Tel 86 411 8751 7957 Xuzhou Xugong Doosan Engine Bobcat Company Buenaventura Quilicura – SantiagoChile Fax 86 411 8751 7956 Co., Ltd. 250 East Beaton Drive PO Box 6000 Tel 09 138 75 10 221-004 7F, XCMG, West Fargo ND 58078-6000 USA Doosan Capital Co., Ltd. Industry Area No.1, Tel 1 701 241 8700 Doosan Infracore International Xuzhou Economic (Construction Equip.) BEIJING Development Zone, Bobcat Company Blvd. Centro Industrial No. 11. 20/F Tower B, Gateway, No.18 Jiangsu, China 520 Polydome Drive Litchfield Tlalnepantla, Edo de Mexico. Xiaguangli, North Road Tel 86 0516 8773 9000 Minnesota 55355 USA C.P.54070 East Third Ring, Tel 1 320 693 4967 Mexico Chaoyang District, Beijing 100027, Doosan Infracore Machine Tools China Yantai Co., Ltd. Gunagzhou Office Doosan Infracore Portable Power Doosan Infracore do Brasil Servic os Tel 86 10 8454 7200 Room No.4019-4021, 1293 Glenway Drive de Suporte Comercial Ltda. Fax 86 10 8454 7102 CHINA SHINE Statesville North (Construction Equip.) Plaza, NO.9 Lin He Xi Road Tian He Carolina 28625 USA Alameda Santos 2222 CJ52, 5a andar, Doosan Advertising Company District, Guangzhou Guangdong,China Tel 1 704 883 3586 Cerqueria Cesar CEP 01418.200 Sao E-mail : [email protected] Paulo Brazil BEIJING Bobcat Company Tel 55 11 3061 3227 19th FL., Tower B, GATEWAY, No.18 Doosan Infracore Machine Tools 521 South 22nd Street Bismarck North Xiaguangli, North Road Yantai Co., Ltd. Chongqiing Office Dakota 58504 USA Doosan Infracore Colombia Office East Third Ring, Chaoyang District 6-5 Starlight Mansion, 1th Starlight Tel 1 701 222 5466 (Construction Equip.) Beijing 100027, China Road, Hi-Tech Park, Nothern New Calle 63A No. 21 - 36 Oficina 301 Tel 86 10 8454 7185~7188 District, Chongqing, China Bobcat Company Edificio Circulo de Ingenieria Bogota Fax 86 10 8454 7190 Tel 023 63111486 2101 11th St N Wahpeton Colombia ND 58075 USA
Contact Tel. 02 . 3398 . 1084 Fax. 02 . 2285 . 5188 www.doosan.com Doosan annual brochure can be downloaded from our website. www.doosan.com Doosan Tower, 18-12, Euljiro 6-ga, Jung-gu, Seoul, Korea Tel 82 2 3398 0114